Search for: "Federal Deposit Insurance Corporation (FDIC)" Results 341 - 360 of 923
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14 Mar 2023, 6:01 pm by Trent Dykes
Depositors do not need to apply for FDIC insurance; coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution. [read post]
The Federal Deposit Insurance Corporation has issued a final rule adopting with virtually no change its proposed approach to depositor preference for deposits payable at foreign offices of US banks. [read post]
31 Jul 2017, 12:23 pm by Michael Sugarman
  On July 21, 2017, the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency and the Securities and Exchange Commission announced they would work together as they reviewed the impact of the Volcker Rule on specific types of foreign funds. [read post]
4 Oct 2016, 4:17 pm by Sabrina I. Pacifici
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday posted the public portions of the required “targeted submissions” for the eight systemically important, domestic banking institutions. [read post]
1 Aug 2010, 11:56 am
Although the economy has shown signs that it may be turning around, small banks are still not safe from having the Federal Deposit Insurance Corporation (FDIC) close the bank or from having a larger bank take them over. [read post]
9 May 2016, 4:45 pm by Sabrina I. Pacifici
That title provides the Federal Deposit Insurance Corporation (FDIC) with the authority and funding through the Orderly Liquidation Fund (OLF) to liquidate large, systemically important financial firms (including banks and nonbank firms) that become or are in danger of becoming insolvent, subject to certain conditions. [read post]
15 Mar 2023, 2:15 pm by Sherin and Lodgen
The Federal Deposit Insurance Company (FDIC) was then named as receiver of SVB. [read post]
12 Nov 2008, 11:06 pm
News release: "The Federal Deposit Insurance Corporation has issued an Interagency Statement on Meeting the Needs of Creditworthy Borrowers to... [read post]
21 Mar 2011, 3:44 pm by Sabrina
Financial Audit: Federal Deposit Insurance Corporation Funds' 2010 and 2009 Financial Statements, GAO-11-412, March 18, 2011 The Federal Government's Long-Term... [read post]
28 Dec 2009, 7:28 am by Anthony Lake
Georgia leads the nation in bank failures this decade, with 32 failed banks since 2002, 25 of those in 2009 alone, according to the Federal Deposit Insurance Corporation (FDIC). [read post]
4 Feb 2009, 3:27 pm
On January 12, 2009, in an effort to hold state nonmember banking institutions more accountable for their participation in the Troubled Assets Relief Program (TARP) Capital Purchase Program (CPP), the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-1-2009) recommending that its supervised institutions implement a process to monitor and document the use of their CPP funds. [read post]
28 Jul 2015, 5:02 pm by Sabrina I. Pacifici
News release: “The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday provided guidance to 119 firms that in December will be filing updated resolution plans. [read post]
3 Nov 2014, 2:30 am by Walter Olson
Throwing its Chicago regional director under the bus, the Federal Deposit Insurance Corporation (FDIC) has disavowed a February 2013 letter in which the director had told an Ohio bank, “It is our view that payday loans are costly, and offer limited utility for consumers, as compared to traditional loan products … Consequently, we have generally found that activities related to payday lending are unacceptable for an insured depository… [read post]
27 Mar 2014, 1:56 pm by Gene Killian
An interesting recent case out of Federal Court in Kansas dealt with the question of whether, when the FDIC brings a lawsuit, the “insured v. insured” exclusion negates specifically-purchased coverage for actions brought by regulatory agencies. [read post]
22 May 2023, 8:05 am by Amy Howe
The seven-page unsigned opinion came in a challenge by Harry Calcutt, the former head of Northwestern Bank, to an order by the Federal Deposit Insurance Corporation that would bar him from working in the banking industry for life. [read post]
While the Federal Deposit Insurance Corporation (FDIC) has enacted important measures, such as creating a Deposit Insurance National Bank of Santa Clara (DINB), the event presents a major initial risk to the economy, even with the entire fallout of the event yet to unfold. [read post]
25 Jan 2010, 1:37 pm by Mike Inman
Below is a summary published on the Federal Deposit Insurance Corporation (FDIC) website: Under the Protecting Tenants at Foreclosure Act: All tenants must receive a 90-day notice before being evicted as the result of a foreclosure. [read post]
13 Jul 2010, 7:30 am by admin
As a means of protecting the deposit insurance fund, the Federal Deposit Insurance Corporation has been granted expanded backup supervision authority over banks that it does not directly supervise under a memorandum of understanding with the other primary federal bank regulators approved by the FDIC board of directors July 12. [read post]
22 May 2009, 1:18 pm
The Federal Deposit Insurance Corporation voted on Friday to levy an emergency fee on the nation's banks in an effort to replenish the insurance fund amid the fastest pace of bank failures since 1994. [read post]
9 Apr 2009, 10:59 am
Responding to DealBook's column on the Federal Deposit Insurance Corporation, a partner at hedge-fund firm Vicis Capital raised some interesting questions about the F.D.I.C.'s accounting. [read post]