Search for: "Federal Deposit Insurance Corporation as Receiver for First Capital Bank" Results 41 - 60 of 148
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18 Oct 2008, 12:34 am
Next, the Hoover administration (a lot of New Deal institutions were Hoover inventions) attempted to bolster bank capital through direct government loans through a government agency called the Reconstruction Finance Corporation. [read post]
15 Jul 2022, 9:07 am by Holly Brezee
  Moving a step beyond the consumer transaction, the business finds itself in a precarious position – an all-cash business where the cash cannot be deposited into a normal business bank account (remember, the business cannot have normal federally-insured bank accounts). [read post]
22 Jan 2010, 6:00 am by Lucas A. Ferrara, Esq.
First, the capital doled out was in the form of "investments", not corporate welfare or entitlement payments which the taxpayer never intended to get back. [read post]
22 Jan 2010, 11:15 am by Hunton & Williams LLP
Accordingly, the offer must be well structured to convince the Federal Reserve that use of corporate resources to buy back the TRUPS is consistent with the Federal Reserve’s Source-of-Strength Policy Statement. [read post]
15 Aug 2010, 2:47 pm by Richard Posner
Cautious or fearful consumers save in safe forms, such as insured bank deposits, Treasury bills, or cash. [read post]
14 Jun 2010, 7:33 pm by Kevin Funnell
” “When an open financial institution acquires or assumes the liability for a failing institution’s deposits, the FDIC as insurer reimburses it for the amount of insured deposits,” says the federal agency’s handbook on bank closures. [read post]
29 Apr 2009, 12:29 pm
For further information on the PPIP, please visit: **** Public-Private Investment Program Updated: April 6, 2009 To address the challenge of legacy assets, Treasury - in conjunction with the Federal Deposit Insurance Corporation and the Federal Reserve - has announced the Public-Private Investment Program as part of its efforts to repair balance sheets throughout our financial system and ensure that credit is available to the households and businesses,… [read post]
2 Sep 2008, 8:03 pm
In mid-July, the Federal Deposit Insurance Corporation (FDIC) issued a final policy statement on how it would treat covered bonds in the event of a bank’s failure,[1] and at the end of July, the Treasury issued a long statement on best practices for covered bonds.[2] In a covered bond transaction, mortgages remain on the books of the bank or other depository institution but serve as collateral for bonds issued to finance the acquisition… [read post]
8 Oct 2008, 2:16 pm
It could be housed in the Treasury Department, much like the Federal Financing Bank, or possibly as a division of the Federal Financing Bank. [read post]
29 Jul 2022, 3:30 am by Albena Petrakov, Esq.
In addition, broker-dealers must belong to the Securities Investor Protection Corporation (SIPC), which provides an insurance scheme whereby customers of failed broker-dealers may receive up to $500,000 from the SIPC fund. [read post]
First, both Peterson and Cohen concerned federally chartered banks subject to the OCC regulation, and, arguably, the July 2020 regulation issued by the Federal Deposit Insurance Corporation (FDIC) as a twin to the OCC regulation, covered state-chartered FDIC-insured banks. [read post]
28 Jul 2022, 8:23 am by Albena Petrakov, Esq.
In addition, broker-dealers must belong to the Securities Investor Protection Corporation (SIPC), which provides an insurance scheme whereby customers of failed broker-dealers may receive up to $500,000 from the SIPC fund. [read post]
On September 13, 2016, the OCC announced a notice of proposed rulemaking to implement the basic legal framework for receiverships for any national bank that is not insured by the Federal Deposit Insurance Corporation (FDIC) (uninsured banks) and for which the FDIC is not required to be appointed as receiver, such as an uninsured trust bank. [read post]
10 Mar 2011, 8:00 am by Kara OBrien
  Here is an excerpt: Last week, the Federal Deposit Insurance Corporation issued a notice of proposed rulemaking for a joint rule to implement the Dodd-Frank Act requirement that the federal financial regulators prohibit, at any financial institution with consolidated assets of at least $1 billion, incentive pay that they determine encourages inappropriate risks. [read post]
12 Jul 2013, 6:00 pm
Final orders from the Commodity Futures Trading Commission, federal banking agencies, the National Credit Union Administration, or state regulators of securities, insurance, banking, savings associations, or credit unions that: bar the issuer from associating with a regulated entity, engaging in the business of securities, insurance or banking, or engaging in savings association or credit union activities, or are based on fraudulent,… [read post]
13 Jul 2021, 5:30 am by Sherron Watkins
He explained the situation this way: first, Enron had Directors and Officers insurance which covers legal fees when a Director or an Officer has been accused of some sort of wrongdoing. [read post]
6 Sep 2017, 7:39 am by Pavitra Bacon
  Currently, Dodd-Frank requires each bank holding company deemed “too big to fail” by virtue of total consolidated assets of $50 billion or more to, among other things, prepare and provide to the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve a resolution plan, or “living will,” for its rapid and orderly resolution under the U.S. bankruptcy code. [read post]
30 Aug 2009, 3:45 pm
• The Federal Deposit Insurance Corporation reports that the number of troubled banks has grown to 416. [read post]
9 Dec 2022, 7:04 am by Joanna Herzik
One check went out, but they spoke before the second one was sent, and insurance covered most of the first check. [read post]