Search for: "Federal Deposit Insurance Corporation (FDIC)" Results 441 - 460 of 924
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4 Apr 2014, 3:27 am by Kevin LaCroix
  Though bank directors and officers are often covered by D&O liability insurance, for the past several years the Federal Deposit Insurance Corporation (FDIC) has taken an increasingly strong position that a financial institution’s insurance policies may not indemnify D&O for civil money penalties. [read post]
3 Apr 2014, 4:22 pm by Sabrina I. Pacifici
The statutory language provides only general outlines of prohibited activities and exceptions, while empowering the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the SEC, and CFTC (together, the federal financial regulators or the Agencies) to issue coordinated rulemakings to fill in the details and… [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]
13 Mar 2014, 11:51 pm by RegBlog
The Board of Governors for the Federal Reserve System (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued final guidance on Dodd-Frank stress tests for medium-sized firms. [read post]
10 Mar 2014, 9:01 pm by Anita Ramasastry
There Is No Deposit Insurance for Bitcoins There is no Federal Deposit Insurance Corporation (FDIC) or other national bailout system to back Mt. [read post]
5 Mar 2014, 8:52 am by Allison Tussey
” “The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General (OIG) is pleased to join our law enforcement colleagues in announcing these guilty pleas today,” A. [read post]
5 Mar 2014, 6:00 am by John Gould, Cornerstone Research,
Federal Deposit Insurance Corporation (FDIC) litigation activity associated with failed financial institutions increased significantly in 2013, according to Characteristics of FDIC Lawsuits against Directors and Officers of Failed Financial Institutions—February 2014, a new report by Cornerstone Research. [read post]
4 Feb 2014, 8:07 am by Adam Levitin
 The government also implicitly bears the risk for much of the rest of the housing market (Fannie/Freddie), and for the banking system as a whole (FDIC insurance). [read post]
17 Jan 2014, 8:11 am by Allison Tussey
Moran, Special Agent in Charge of the Federal Deposit Insurance Corporation’s Office of Inspector General. [read post]
On December 10, 2013, the Federal Deposit Insurance Corporation (the “FDIC”) proposed for public comment a notice (the “Notice”) describing its “Single Point of Entry” (“SPOE”) strategy for resolving systemically important financial institutions (“SIFIs”) in default or in danger of default under the orderly liquidation authority granted by Title II of the Dodd-Frank Wall Street Reform and… [read post]
13 Jan 2014, 7:46 am by Allison Tussey
Gibson, Jr., Acting Inspector General, Federal Deposit Insurance Corporation, Office of Inspector General (FDIC-OIG), announced the charges. [read post]
10 Jan 2014, 4:47 pm by Sabrina I. Pacifici
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Friday made available the public portions of resolution plans for 116 institutions that submitted plans for the first time in December 2013, the latest group to file resolution plans with the agencies. [read post]
6 Jan 2014, 11:20 pm by Kevin LaCroix
That is, the losses are paid out under the portion or the D&O insurance policy that provide insurance for nonindemnifiable loss. [read post]
6 Jan 2014, 12:41 pm by Editorial Board
Morgan Chase Bank filed a complaint in the United States District Court for the District of Columbia against the Federal Deposit Insurance Corporation (FDIC) seeking $1 billion in indemnification for settlements made by J.P. [read post]
27 Dec 2013, 5:51 am by David Snyder
The Federal Deposit Insurance Corporation has reported that bank profits are down, in part, due to litigation costs. [read post]
27 Dec 2013, 5:31 am by Jason C. Gavejian
While the Guidance is intended to help financial institutions understand and successfully manage the risk associate with the use of social media, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the CFPB will all use it as a supervisory guidance for the institutions they supervise… [read post]
23 Dec 2013, 10:49 am by Michael Epshteyn
Participants include the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB). [read post]
19 Dec 2013, 12:30 am by Mark Astarita
After its $13 billion November over shoddy mortgage bond sales, the government left open the bank's ability to sue the Federal Deposit Insurance Corporation regarding some of the liabilities it took on when buying Washington Mutual out of receivership in 2008.Now the bank is doing just that. [read post]
27 Nov 2013, 7:58 am by Adam Gana
The Glass-Steagall Act created the Federal Depository Insurance Corporation (FDIC) and separated the commercial and investment banking in order to regulate the market and protect investors. [read post]
26 Nov 2013, 7:20 am by Allison Tussey
Gibson, Acting Inspector General of the Federal Deposit Insurance Corporation, made the announcement. [read post]