Search for: "Depositors Insurance Company"
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23 May 2023, 9:05 pm
Depositors lost everything every time a bank failed. [read post]
14 Jul 2008, 7:23 pm
The Office of Thrift Supervision took action because it did not think the bank could meet its depositors demands. [read post]
12 Mar 2013, 10:24 pm
This is evident in the number of the companies that offer D&O insurance. [read post]
6 Oct 2008, 12:14 pm
On Oct. 6, bizjournals noted:And on Friday, Sept. 26, a "silent run" began on Wachovia's deposits, as borrowers drew down on lines of credit and depositors removed funds from their accounts, the suit states.The company's ability to borrow from other banks was also compromised as the price of credit-default swaps â€â [read post]
2 May 2008, 9:18 am
Popular servicers include Litton Loan Servicing, Select Portfolio Servicing, and America's Servicing Company. [read post]
20 Jul 2012, 1:21 pm
Depositors of the failed bank will automatically become depositors of Hinsdale Bank & Trust Company. [read post]
1 Oct 2008, 6:25 am
The FDIC insurance program was instituted in the 1933 to protect depositors who lost money when their banks went under. [read post]
13 Mar 2023, 2:23 pm
Priority of Payments and Timing First, insured depositors are paid; next, uninsured depositors are paid. [read post]
2 Aug 2008, 6:22 pm
Regulators at the time said IndyMac ended March with about $32 billion of assets, and about $19 billion of deposits, most of which were insured. [read post]
15 Jul 2008, 10:09 am
The Office of Thrift Supervision said it transferred IndyMac's operations to the Federal Deposit Insurance Corporation because it no longer had confidence that IndyMac could meet its depositors' demands.According to federal regulators, IndyMac Bank is the second largest financial institution to close in U.S. history, second only to that of Continental Illinois National Bank, which held nearly $40 billion in assets when it failed in 1984.IndyMac Bancorp Inc.,… [read post]
19 Mar 2023, 9:05 pm
This year’s Nobel prize-winning economists proposed two solutions to a “panic” run: deposit insurance and a lender-of-last-resort. [read post]
14 Oct 2011, 3:17 pm
Depositors of Piedmont Community Bank will automatically become depositors of State Bank and Trust Company. [read post]
9 Jan 2013, 12:00 am
By statute, the Federal Deposit Insurance Company can require insured financial institutions to maintain fidelity bonds to insure against such losses, and the FDIC has chosen to mandate that requirement. [read post]
14 Mar 2023, 6:01 pm
A subsidiary entity or portfolio company is a separate depositor with its own deposit insurance limit, notwithstanding common ownership. [read post]
19 Nov 2008, 1:51 pm
The danger is that in the eyes of inexperienced insurance regulators, the lines between the consumers of financial services will also be blurred, and if insurance companies are not regulated in a way that safeguards their customers, not "just" their shareholders, employees and pensioners, insurance regulation will not be effective insurance regulation. [read post]
17 Mar 2023, 9:54 am
The simple fact is that there's no automatic claim for the FDIC against a bank holding company when the FDIC takes over the failed bank as a receiver and pays out on the deposit insurance because the holding company is not a guarantor of the bank. [read post]
21 Dec 2012, 3:04 am
Thus, as explained by the Norwegian government website, "the deposit of the seeds will not affect any property or other rights pertaining to the material; the deposited seeds will remain in sealed envelopes, unless otherwise agreed with the Depositor; and the Svalbard Global Seed Vault will take no action to further transfer the material except back to the original Depositor or the Depositor’s successor in title, or in accordance with the Depositor’s… [read post]
5 Jan 2009, 6:39 am
The IRA X plan document provides, among other things, that the IRA Depositor may designate a representative under the custodial agreement through whom Company P is authorized to accept investment instructions for the depositor's account; that the IRA Depositor may direct Company P to invest the IRA assets into any lawful investment that is acceptable to Company P; and that the IRA Depositor is responsible for determining the… [read post]
19 Oct 2011, 9:50 am
So to review, one company takes a bad risk that it would have to pay for, and transfers it to another company that the taxpayers will have to pay for. [read post]
13 Mar 2023, 6:43 am
Without access to their cash, those companies would have difficulty meeting payroll. [read post]
