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27 Aug 2009, 4:21 pm
News release: "Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate net loss... [read post]
29 May 2008, 3:49 pm
Quarterly Banking Profile: "Provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. [read post]
26 Aug 2008, 10:33 pm
News release: "Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $5.0... [read post]
22 Oct 2009, 1:51 pm
I also promised to tell you about who else, besides the FDIC, may use D'Oench, Duhme and its companions against borrowers and guarantors.The answer: the FDIC's assignees - the people who buy loans from the FDIC out of a failed bank's receivership estate.Assets The FDIC TransfersAfter getting appointed as receiver for a failed bank, the FDIC usually transfers the bank's assets. [read post]
4 Feb 2019, 12:18 pm by John L. Culhane, Jr.
The FDIC and the Federal Reserve Board of Governors issued a joint advisory to make financial institutions aware of a 2018 amendment to the Fair Credit Reporting Act that provides that a financial institution may, but is not required, to offer a loan rehabilitation program (Section 602 Program) to private education loan borrowers whose credit reports contain a reported default on a private education loan. [read post]
21 Mar 2010, 7:44 pm by Kevin Funnell
Nationwide, FDIC-insured institutions paid the FDIC $47 billion at the end of 2009. [read post]
27 Sep 2010, 11:50 am by Glenn Reynolds
TRANSPARENCY: FDIC Denies Maintaining List of Banks with ‘Prominent Connections. [read post]
20 Jan 2011, 11:27 am
., (FDIC) has accused the banking and mortgage-lending industries of studied incompetence, saying that the nation's biggest mortgage-servicing companies helped turn the housing bust into a full-blown foreclosure crisis, "The biggest adversary has been inertia in the servicing and foreclosure practices applied to problem loans," Sheila Bair head of the FDIC said. [read post]
8 Sep 2009, 6:23 am
The FDIC retained the ability to preclude ownership structures that the FDIC determines to be "complex and functionally opaque. [read post]
12 Sep 2019, 11:40 am by Jeremy T. Rosenblum
” With this brief, the OCC and FDIC have done a great service to the proper development of the law on an issue of critical importance to the national banking system. [read post]
3 Nov 2016, 4:17 pm by Kevin LaCroix
The FDIC moved for summary judgment in the coverage litigation and the individual defendants jointed in the FDIC’s motion. [read post]
6 Dec 2009, 7:22 pm by Kevin Funnell
Unfortunately, if the FDIC doesn't end up ultimately recovering more than it would have without this increase in loss coverage, then the rest of the FDIC-inured commercial banking sector will take it on the chin. [read post]
23 Sep 2008, 10:32 am
For detailed FDIC insurance coverage calculation, go online to www.fdic.gov/edie or call toll free 877-275-3342. [read post]
15 Jul 2013, 11:18 pm by Kevin LaCroix
By way of contrast, the FDIC filed 26 lawsuits against failed bank directors and officers during all of 2012. [read post]
30 Aug 2013, 1:23 am by Kevin LaCroix
The FDIC’s Quarterly Banking Profile can be found here. [read post]