Search for: "FDIC-Receiver"
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16 Sep 2014, 4:46 am
In its many failed bank lawsuits, the FDIC takes great pains to try to distinguish between its role and activities as a regulator and its role and activity as receiver. [read post]
15 Feb 2022, 10:12 am
What This Could Mean For You It is no secret that bank merger review and approval has come to a grinding halt over the last couple years, with many merger applications taking much longer to receive the required regulatory blessing. [read post]
20 Jun 2010, 7:35 pm
It's not often that the so-called "Superpowers" of the FDIC as receiver of a failed bank are curbed. [read post]
26 Sep 2012, 1:42 am
Insured exclusion does not apply to a claim by the FDIC as receiver of a failed bank against the former officials of the bank. [read post]
2 Apr 2015, 4:17 am
The recent settlement relates to the lawsuit that the FDIC had filed as receiver for the failed Puerto Rican Bank, Westernbank. [read post]
15 Jun 2009, 7:38 pm
One of the interesting (to me) sidelights of the story is the fact that Bryan Cave acts as independent counsel to the FDIC in suits against officers of failed banks and at the same time has clients that have received claims letters from the FDIC. [read post]
21 Sep 2011, 2:00 am
I recently received this memo from our friends at Davis Polk detailing the key themes in both rulemakings, as well as key differences between the resolution plan rules as previously proposed and the rules as approved by the FDIC. [read post]
14 Jun 2010, 7:33 pm
Nevertheless, many members of the public are "outraged" at the very thought these acquirers are receiving a "windfall" of "big money" from the public coffers. [read post]
17 Mar 2010, 10:00 am
(In 2010, one Kentucky bank with a trust department has received a cease and desist order.) [read post]
24 Jun 2013, 1:45 am
Another FDIC Failed Bank Lawsuit: On June 18, 2013, the FDIC as receiver for the failed Southern Community Bank of Fayetteville, Georgia filed a lawsuit in the Northern District of Georgia against nine of the bank’s former directors and officers. [read post]
24 Jun 2013, 1:45 am
Another FDIC Failed Bank Lawsuit: On June 18, 2013, the FDIC as receiver for the failed Southern Community Bank of Fayetteville, Georgia filed a lawsuit in the Northern District of Georgia against nine of the bank’s former directors and officers. [read post]
9 Dec 2019, 6:49 am
Comments must be received on or before January 28, 2020. [read post]
12 Mar 2018, 3:13 pm
Stanton of the United States District Court for the Southern District of New York granted in part and denied in part a motion by RMBS issuers and underwriters to dismiss five new claims asserted in a second amended complaint filed by the Federal Deposit Insurance Corporation (“FDIC“) as receiver for Colonial Bank. [read post]
22 Nov 2011, 4:44 pm
The board members’ companies received loans with preferential rates and terms, according to documents filed with the lawsuit. [read post]
28 Aug 2009, 12:37 pm
In this video, John Kanas criticizes the rules, arguing that they disadvantage private equity buyers relative to other owners, including other private owners, and will result in the FDIC receiving lower prices for purchased assets. [read post]
17 Jun 2009, 4:08 am
Then they call in the FDIC to act as receiver or conservator for the insolvent bank. [read post]
7 Jul 2009, 2:31 pm
Further, the supplementary information explains that while the structuring issues which present concerns to the FDIC are generally attributable to private equity ownership investments, the FDIC will apply the same standard of review to any prospective proposed acquisition from the FDIC as receiver of a failed bank to ensure parity and to avoid regulatory arbitrage. [read post]
31 Aug 2009, 12:30 pm
Investment Requirements The FDIC will apply the following requirements to Investors: Capital Commitment — Investors generally would be required to initially capitalize the acquiror from the FDIC as receiver of the failed bank at a minimum Tier 1 common equity to average assets ratio of 10 percent and maintain that capital ratio for a period of three years from the time of acquisition. [read post]
26 Aug 2009, 3:56 am
The bond is on the American Institute of Architects Form A312 - 1984 Performance Bond.After taking over as receiver for the failed bank (nearly 3 years after the prime contractor last provided any work on the project), the FDIC also sues the surety because the curtain wall gaps breach an express warranty in the prime contract.Like the prime contractor, the surety asks the judge to dismiss the FDIC's lawsuit because the FDIC filed it too late. [read post]
16 Sep 2011, 5:17 pm
One month later, on the very afternoon that Silverton was closed and the FDIC was appointed as receiver, Chubb’s underwriting officer forwarded the Regulatory Exclusion, which he claimed had been omitted from the policy in error. [read post]
