America’s banks should get ready for a new sherrif to come to town. Federal Deposit Insurance Corp. head Sheila Bair should be hanging up her bank-regulating spurs come 2011.
So reports TheStreet.com:
“I’m going to serve out my term,” Bair, chairman of the Federal Deposit Insurance Corp., said at an industry conference. “I Read More
This Old House
Foreclosure negligence and fraud: It’s the latest craze the regulators just can’t get enough of! Speaking Monday at a joint conference held by the Federal Reserve and the Federal Deposit Insurance Corp., Fed Chairman Ben Bernanke said that since just about every other regulatory body is looking at banks’ shoddy foreclosure practices, the Read More
Regulators are holding off on assuming the power to unwind struggling financial institutions that pose significant systemic risk, Reuters reports.
The Federal Deposit Insurance Corporation said it needs more time to figure out how it’s going to implement new rules governing the orderly dismantling of “too-big-to-fail” firms, partly because some members of the Read More
U.S. commercial banks swung to impressive profits in the second quarter of 2010, up to $21.6 billion from a loss of $4.4 billion a year ago, largely because banks have reduced the amount of money they set aside to deal with losses from bad loans, the Federal Deposit Insurance Corp. announced today. The banking sector Read More
Did Mike have a hand in this?
From American Banker (subscription required):
“Diana L. Taylor, the White House’s initial pick to head the Federal Deposit Insurance Corp., is no longer expected to be nominated for the post, several sources said Friday….Whether she withdrew or the White House pulled the nomination was unclear Friday. Read More
This year, like every other year, my husband and I observe the ides of April by going to the bank where I deposit whatever the accountant has allowed to my Keogh plan in F.D.I.C. certificates of deposit. The operative term here is “F.D.I.C.” My husband, a Depression baby for whom municipal bonds represent wild speculation Read More