Search for: "Federal Deposit Insurance Corporation as Receiver for Mutual Bank"
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20 Mar 2009, 4:38 am
As a matter of fact, it seems that the Federal Deposit Insurance Corporation has become the receiver of Washington Mutual. [read post]
14 Mar 2023, 6:01 pm
Article prepared by and republished courtesy of our colleagues Jeffrey Hare, Margo Tank, Christopher Steelman, David Whitaker, and Adam Dubin; originally published here: https://www.dlapiper.com/en-us/insights/publications/2023/03/takeaways-from-the-silicon-valley-bank-and-signature-bank-receiverships On Friday, March 10, 2023, Silicon Valley Bank (SVB) was closed by its chartering regulator, the California Department of Financial Protection and… [read post]
17 Jun 2009, 4:08 am
In each case the Federal Deposit Insurance Corporation (the "FDIC") came in and took over those banks as they have many others. [read post]
9 Sep 2011, 11:54 am
Federal Deposit Insurance Corporation, D. [read post]
28 Oct 2011, 1:59 am
The FDIC’s complaint alleges that Mutual Bank’s failure has cost the FDIC’s deposit insurance fund an estimated $775 million in losses. [read post]
20 Apr 2010, 3:35 am
The Office of Thrift Supervision repeatedly identified poor underwriting practices and other problems with risky loan products offered by Washington Mutual Bank over a five-year period before the bank’s demise, but failed to take corrective action and even engaged in a “turf battle” when the Federal Deposit Insurance Corporation attempted to assert its backup enforcement… Read this entire… [read post]
31 Aug 2009, 12:30 pm
On August 26, 2009, the Federal Deposit Insurance Corporation (“FDIC”) issued its Final Statement of Policy on Qualifications for Failed Bank Acquisitions (“Final Rules”). [read post]
24 Mar 2017, 6:57 am
Deposit Insurance Review The Government proposes to introduce legislative amendments to modernize and enhance the Canada deposit insurance framework. [read post]
8 Apr 2011, 6:37 am
The FDIC, acting as the bank’s receiver, is seeking to recover from WaMu’s D&O insurance program. [read post]
12 Mar 2023, 6:42 am
The FDIC as receiver transferred to the DINB all of SVB’s insured deposits. [read post]
19 Mar 2023, 9:05 pm
Deposit insurance in the multi-millions of dollars raises obvious moral hazard problems, meaning it would create irresistible temptation for a bank to take outsize risks. [read post]
1 Apr 2015, 6:11 am
He therefore gave the jury these instructions:`[f]or the defendant to be found guilty of bank fraud, the government must prove each of the following elements beyond a reasonable doubt:First, the defendant knowingly executed a scheme to defraud a financial institution as to a material matter;Second, the defendant did so with the intent to defraud the financial institution; andThird, the financial institution was insured by the Federal Deposit… [read post]
14 Jan 2014, 3:14 pm
The interim final rule was approved by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Commodity Futures Trading Commission, and the Securities and Exchange Commission, the same agencies that issued final rules to implement section 619. [read post]
9 Apr 2012, 1:09 am
In its litigation release, the SEC expressly acknowledges “the assistance of the Federal Deposit Insurance Corporation in this matter,” which suggests that at a minimum that two agencies were cooperating in this matter and also suggests the possibility that the FDIC may even have referred the matter to the SEC. [read post]
15 Mar 2021, 8:08 am
Several agencies may issue cease and desist orders to correct BSA noncompliance, including the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC), as indicated by a BSA Enforcement Policy published on the NCUA website. [read post]
13 Jan 2012, 8:34 am
The defendant purchased the mortgage from the Federal Deposit Insurance Corporation (the “FDIC”). [read post]
11 Apr 2012, 1:13 am
{15] Federal banking regulators are required to investigate insured depository institution failures and bring lawsuits to recover damages. [read post]
14 Jan 2025, 9:01 pm
Policy Responses The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) abolished the FSLIC, transferred the deposit insurance responsibilities for thrifts to the FDIC, and created the Resolution Trust Corporation to manage the assets received from the failed thrifts.6 In the Federal Deposit Insurance Corporation Improvement Act of 1991, or FDICIA, Congress reined in the use of forbearance by the… [read post]
24 Nov 2014, 3:03 pm
FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver for Peoples First Community Bank Panama City, Florida, a.k.a. [read post]
3 Nov 2011, 9:08 am
Stevens, K&L Gates LLP Introduction Since the recession of 1980-81, each round of failures of federally-insured depository institutions has brought with it a tidal wave of post-failure investigations and civil actions by the Federal Deposit Insurance Corporation (“FDIC”), criminal investigations and prosecutions by the Department of Justice, and administrative enforcement proceedings by the federal banking… [read post]
