Search for: "FEDERAL DEPOSIT AND INSURANCE CORPORATION"
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2 Aug 2010, 4:12 am
” The Attorney General’s statement alleges that insurers reportedly earn upwards of 4.8% on the funds held in retained asset accounts, but pay surviving family members as little as 0.5% interest, "less than half the rate available at some Federal Deposit Insurance Corporation (the “FDIC”) insured banks. [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]
30 Jul 2010, 1:31 pm
The team also felt, on balance, that the Fed should retain some responsibility for the consolidated supervision of non-systemic BHCs, even as broad back-up supervisory authorities spanning all insured banks and thrifts wouldsuffice for the FDIC’s resolution planning and deposit insurance responsibilities. [read post]
29 Jul 2010, 6:35 am
"You can hold the money in the account for safekeeping for as long as you like," the letter said.In small print, in a disclaimer Lohman said she didn't notice, Prudential disclosed that what it called its Alliance Account was not guaranteed by the Federal Deposit Insurance Corp.Lohman, 52, left the money untouched for six months after her son's August 2008 death. [read post]
27 Jul 2010, 12:24 pm
The Federal Deposit Insurance Corporation has been turning out the lights on banks around the country, and usually on Friday nights. [read post]
27 Jul 2010, 6:00 am
Lidstone, Jr., Burns Figa & Will, PC _____________________________________________________________________________ 1 Title I, Subtitle A. 2 Title II; Title IX, Subtitle B, Section 929H; among others.3 Title III, entitled “Transfer of Powers to the Comptroller of the Currency, the [Federal Deposit Insurance]Corporation, and the Board of Governors. [read post]
23 Jul 2010, 3:36 pm
Here's the text of the press release from the Federal Deposit Insurance Corporation: Note: for the rules that apply trust owned bank accounts (and other types of ownership, click here. [read post]
23 Jul 2010, 2:03 pm
All the consumer financial protection functions of the Federal Reserve Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, Department of Housing and Urban Development and a few other government entities are transferred to the BCFP. [read post]
23 Jul 2010, 10:06 am
I, title VI, § 603(1), Oct. 21, 1998, 112 Stat. 2681–866;](6) under subsection (a) of this section, of the exercise by a commodity broker, forward contract merchant, stockbroker, financial institution, financial participant, or securities clearing agency of any contractual right (as defined in section 555 or 556) under any security agreement or arrangement or other credit enhancement forming a part of or related to any commodity contract, forward contract or securities contract, or of any… [read post]
20 Jul 2010, 6:18 am
On June 21, 2010, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation jointly issued comprehensive final guidance designed to ensure that incentive compensation policies do not undermine the safety and soundness of banking organizations by encouraging employees to take imprudent risks. [read post]
20 Jul 2010, 3:01 am
The Federal Deposit Insurance Corporation was… Read this entire article for free, activate your free 15 day trial access to Banking Report now. [read post]
19 Jul 2010, 3:26 am
North American Financial Holdings, run by the former chief of Bank of America's investment banking unit, bought three failed United States lenders, as the number of banks taken over by the Federal Deposit Insurance Corporation this year hit 96, Bloomberg News reported. [read post]
18 Jul 2010, 5:15 am
According to the FDIC website:"The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships". [read post]
16 Jul 2010, 3:03 pm
The Dodd-Frank Act includes reforms and other provisions in the following areas: regulatory structure (including creation of a new Financial Services Oversight Council), regulation of systemically significant financial institutions, bank capital requirements, proprietary trading by certain banking entities, sponsorships of and investments in hedge funds and private equity funds by certain banking entities, resolution of failing financial institutions, fees paid to the… [read post]
15 Jul 2010, 11:37 am
Treasury from $1 billion to $2.5 billion to support the work of the Securities Investor Protection Corporation and raises SIPC’s maximum cash advance amount to $250,000 in order to bring the program in line with the protection provided by the Federal Deposit Insurance Corporation. [read post]
13 Jul 2010, 7:30 am
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]
13 Jul 2010, 1:52 am
Federal bank regulators have agreed to give the Federal Deposit Insurance Corporation unlimited authority to investigate banks, clarifying the agency's power, which was in question during the financial crisis. [read post]
9 Jul 2010, 7:39 am
Key agencies such as the Treasury Department, the Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency, Securities and Exchange Commission (SEC) as well as the 12 Federal Reserve regional banks will get their own Office of Minority and Women Inclusion. [read post]
7 Jul 2010, 8:31 am
Since the start of 2008, 228 banks insured by the Federal Deposit Insurance Corporation ("FDIC") have failed. [read post]
1 Jul 2010, 5:20 pm
Federal Election Commission. [read post]
