Search for: "Depositors Insurance Company"
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1 Jul 2007, 8:10 pm
Bair has turned out to be a consumer advocate who dodged a nasty fight with Barney Frank, community bankers, real estate brokers and consumer advocates who opposed Wal-Mart's application to acquire a Utah industrial loan company by imposing, then extending, a moratorium on all such applications by non-financial companies. [read post]
25 Aug 2008, 1:11 am
On the following day, the FDIC signed a Purchase and Assumption Agreement (P&A Agreement) with State Bank and Trust Company (State Bank) that caused the insured deposits of Oakwood to be transferred to State Bank. [read post]
1 Aug 2010, 7:00 am
The coverage applies per depositor, per insured institution. [read post]
27 May 2015, 9:30 pm
The Alliance also calls for curtailing the regulatory authority of the Federal Deposit Insurance Corporation, but retaining its deposit-insurance function. [read post]
29 Nov 2020, 9:03 pm
Most payments firms do not hold deposits because they cannot obtain deposit insurance from the Federal Deposit Insurance Corporation and they want to avoid designation as a bank holding company. [read post]
2 Sep 2008, 8:03 pm
Both companies are hovering near insolvency. [read post]
15 Dec 2022, 7:02 am
For one thing, the customers' deposits are FDIC-insured, so the loss is spread broadly through a very slight marginal increase in the premium that banks must pay (which in turn will show up as a tiny decrease in the rate of interest that banks can pay depositors). [read post]
4 Nov 2009, 7:20 am
Temecula, too, had been seized by the FDIC and its deposit accounts were sold to a new company, First-Citizens Bank & Trust Company of Raleigh, N.C. [read post]
8 Oct 2008, 1:51 pm
Andrew Gray, the Director of the Office of Public Affairs at the FDIC recently reminded us to "remember, no depositor has ever lost a penny of insured deposits, and never will. [read post]
16 Mar 2010, 7:03 am
In the end, the Swiss bank relented and revealed the identities of thousands of their American depositors. [read post]
15 Jul 2010, 11:42 am
By doing this, it also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance. [read post]
7 Sep 2023, 9:01 pm
The LTD Proposal would encompass approximately 18 larger and midsized depository institution holding companies and their subsidiary insured depository institutions (ranging from traditional regional banking organizations to credit card and other niche organizations), one US intermediate holding company (“IHC”) of a foreign banking organization, and seven or eight other US banking organizations. [read post]
30 Oct 2022, 1:31 pm
They might be dealing with a company with a monopoly or exclusive rights that can extract fees because there is no competing option. [read post]
14 Feb 2012, 11:28 am
MetLife says it is concerned companies looking to issue debt will find it more expensive and that investors that buy debt—like MetLife—will lead to an “almost instantaneous decline” in the value of the insurer’s investments. [read post]
9 Jan 2008, 4:15 am
The prior U.S. deposit insurance and bank-closure policies protected the capital of depositors and other bank creditors from risk in the event of failure of financial institutions. [read post]
27 Mar 2024, 9:01 pm
” While the idea of treating the acquisition of a line of business as the equivalent of the acquisition of shares in a company is nothing new (see, e.g., 12 C.F.R. [read post]
19 Oct 2012, 3:16 pm
Worthy, Washington Supreme Court (10/18/12) Banking, Consumer Law, Insurance Law The issue before the Supreme Court in this case was whether particular officers and employees of a bank owed a quasi-fiduciary duty to particular bank depositors. [read post]
6 May 2022, 7:30 am
Indian company law also has its origins in the English Companies Acts and is today governed by the Indian Companies Act 2013. [read post]
15 Mar 2010, 6:03 pm
The Park Avenue Bank was federally-insured and regulated by the FDIC. [read post]
8 Dec 2011, 9:30 am
It is important that you notify the insurance companies of the death and the probate estate though to insure insurance is effective. 5. [read post]
