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2 Dec 2011, 3:19 am by Kevin LaCroix
Gary Klausner has denied the motion of the FDIC as receiver of the failed IndyMac Bank to intervene in a declaratory judgment action involving IndyMac’s D&O insurance. [read post]
29 Nov 2011, 7:57 am by Cathy Beyda
  The employee can then use the card to receive cash from an ATM or a bank teller, make purchases both in-person and online, and pay bills. [read post]
22 Nov 2011, 4:44 pm by Jennings Strouss & Salmon
The board members’ companies received loans with preferential rates and terms, according to documents filed with the lawsuit. [read post]
21 Nov 2011, 7:07 pm by Jennings Strouss & Salmon
Barr said the FDIC has filed only 17 lawsuits against operators of failed banks. [read post]
18 Nov 2011, 6:00 pm by Jennings Strouss & Salmon
Central Progressive Bank, Lacombe, Louisiana, was closed today by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
17 Nov 2011, 6:00 pm by Jennings Strouss & Salmon
Polk County Bank, Johnston, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
16 Nov 2011, 12:43 pm by Shahram Miri
Yes, income received from acting as a trustee is considered taxable income. [read post]
10 Nov 2011, 7:17 am by Jennings Strouss & Salmon
Community Bank of Rockmart, Rockmart, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
9 Nov 2011, 12:50 am by Kevin LaCroix
The insurer’s argument is that as the bank’s receiver, the FDIC is asserting the bank’s own claims and is seeking to recover the bank’s losses. [read post]
8 Nov 2011, 1:55 am
On November 3, 2011, Sheila Bair, former Chairwoman of the Federal Deposit Insurance Corporation (“FDIC”), in a speech to attendees of the national fall meeting of the National Association of Insurance Commissioners, focused on systemic risk posed by credit-default swaps on the United States financial system. [read post]
3 Nov 2011, 7:29 pm by Jennings Strouss & Salmon
., Omaha, Nebraska, was closed today by the Nebraska Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
3 Nov 2011, 9:08 am by admin
Part II covers the FDIC’s allegations in the 15 lawsuits it has filed as of Oct. 5, 2011 against former D’s and/or O’s of banks that have failed since January 2008, and what those allegations tell us about how the FDIC is approaching the foregoing issues and others, including the ability of D’s & O’s to plead affirmative defenses (comparative negligence, contributory negligence, failure to mitigate damages, waiver, estoppel, assumption of the risk,… [read post]
28 Oct 2011, 10:42 am by blacklobellolaw
The FDIC is often appointed as receiver for failed banks including state charted banks. [read post]
28 Oct 2011, 1:59 am by Kevin LaCroix
The law firm is alleged to have received over $3 million in fees between January 2007 and April 2009. [read post]
24 Oct 2011, 12:40 pm by Jennings Strouss & Salmon
Old Harbor Bank, Clearwater, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
14 Oct 2011, 3:23 pm by Jennings, Strouss & Salmon
., Asheville, North Carolina, was closed today by the North Carolina Office of Commissioner of Banks, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
14 Oct 2011, 3:17 pm by Jennings, Strouss & Salmon
Piedmont Community Bank, Gray, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
14 Oct 2011, 2:58 pm by Jennings, Strouss & Salmon
Country Bank, Aledo,Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]