Search for: "Federal Deposit Insurance Corporation, The"
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18 Mar 2011, 7:31 am
FDIC Sues 3 Top WaMu Execs, Alleges “Negligence in Allowing Risky Mortgage Lending” The Federal Deposit Insurance Corporation or FDIC for short, filed a civil lawsuit against three former WaMu execs, ex-CEO Kerry Killinger, ex-COO Stephen Rotella and David Schneider, who headed up the bank’s home loans division. [read post]
18 Mar 2011, 3:21 am
" The SEC Staff consulted with the Federal Reserve, the Office of the Comptroller of the Currency, the Farm Credit Administration, the Federal Housing Finance Agency, the Federal Deposit Insurance Corporation and the CFTC. [read post]
18 Mar 2011, 12:20 am
The Federal Deposit Insurance Corporation sued the former chief executive of Washington Mutual and two of his top lieutenants, accusing them of reckless lending before the 2008 collapse of what was the nation's largest savings bank. [read post]
16 Mar 2011, 9:00 am
For some time, banking regulators have interpreted the enforcement ban against the FTC to mean that banking regulators themselves should enforce Section 5 under Section 8 of the Federal Deposit Insurance (FDI) Act (12 U.S.C. [read post]
15 Mar 2011, 3:52 pm
News release: "The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a Notice of Proposed Rulemaking... [read post]
15 Mar 2011, 11:05 am
The board of Federal Deposit Insurance Corporation voted unanimously to approve a set of proposed rules intended to create an orderly process to unwind large financial institutions and recoup pay from senior executives. [read post]
14 Mar 2011, 8:45 am
The OLA is roughly modeled on the existing receivership process for banks, where the Federal Deposit Insurance Corporation will act as receiver. [read post]
10 Mar 2011, 8:00 am
Here is an excerpt: Last week, the Federal Deposit Insurance Corporation issued a notice of proposed rulemaking for a joint rule to implement the Dodd-Frank Act requirement that the federal financial regulators prohibit, at any financial institution with consolidated assets of at least $1 billion, incentive pay that they determine encourages inappropriate risks. [read post]
9 Mar 2011, 5:00 am
This was before the days of the FDIC and insured deposits. [read post]
9 Mar 2011, 5:00 am
This was before the days of the FDIC and insured deposits. [read post]
7 Mar 2011, 5:00 am
(d)(6) Qualified custodian means: (i) A bank as defined in section 202(a)(2) of the Advisers Act or a savings association as defined in section 3(b)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b)(1)) that has deposits insured by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. 1811); (ii) A broker-dealer registered under section… [read post]
7 Mar 2011, 5:00 am
(d)(6) Qualified custodian means: (i) A bank as defined in section 202(a)(2) of the Advisers Act or a savings association as defined in section 3(b)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b)(1)) that has deposits insured by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. 1811); (ii) A broker-dealer registered under section… [read post]
3 Mar 2011, 11:29 am
Many private equity firms viewed acquisitions of assets and liabilities of failed banks from the Federal Deposit Insurance Corporation (FDIC) as an attractive way to enter the banking business. [read post]
25 Feb 2011, 12:10 pm
Bernanke, Federal Reserve Board of Governor, Sarah Bloom Baskin, and Federal Deposit Insurance Corporation Chairman, Sheila Bair, voiced concerns that could slow implementation of the rule. [read post]
24 Feb 2011, 7:41 am
Co., 21 No. 17 Westlaw Journal Insurance Coverage 9, Westlaw Journal Insurance Coverage February 4, 2011An insurance carrier might have acted in bad faith when its agent calculated contributory negligence into a claim evaluation for a policyholder who was struck by a pickup truck, a Pennsylvania federal judge has ruled. [read post]
24 Feb 2011, 7:23 am
Federal Deposit Insurance Corporation, (Action No. 10-420)). [read post]
23 Feb 2011, 7:35 am
But the Federal Deposit Insurance Corporation says that its list of "problem banks" has grown to 884, or just over one in nine lenders. [read post]
22 Feb 2011, 5:45 am
To achieve this goal, the federal government would create a guaranteeing body, much like the Federal Deposit Insurance Corporation (FDIC), that would guarantees for securities backed by mortgages that meet certain, stringent, underwriting standards. [read post]
22 Feb 2011, 4:27 am
As an example, she would set depositions of witnesses, not put it in my calendar, and when I was out of the office, angry witnesses would call wondering why I wasted their time. [read post]
14 Feb 2011, 8:43 am
Did you know that the Federal Deposit Insurance Corporation (FDIC) regards RALs ‘unsafe and unsound’? [read post]
