SubscribeElsewhere on The Exxchange: Bailout | US Treasury | Federal Reserve | Henry Paulson |
Top News
Counterfeit checks discovered
PANAMA CITY — Counterfeit cashier’s checks bearing the Federal Deposit Insurance Corporation (FDIC) name are in circula-tion, according to a news release from Bay Bank & Trust Company. The bad checks bear the bank’s routing number, 063205208,...
Fri, Jan 29 | from newsherald.com
Premier American Bank, N.A. Announced Agreement with the FDIC to Acquire Florida Community Bank
MIAMI----Premier American Bank, National Association, a national bank headquartered in Miami, Florida , announced that it has entered into an agreement with the Federal Deposit Insurance Corporation to purchase certain assets and to assume certain deposits of Florida Community B...
Fri, Jan 29 | from Yahoo! Finance
Bair Offers Guarded Praise for Trading Curb Limits
Sheila Bair , the head of the Federal Deposit Insurance Corporation , said on Friday that proposed proprietary trading limits are “very positive,” but said they would not have necessarily reined in risk-taking at the institutions that required massive bailouts.
Fri, Jan 29 | from New York Times
Giannoulias Bank Under Fire From Regulators
Special to Chicagoist from Mike Fourcher Photo via It's the time for last minute election game changers, and the latest news about U.S. Senate candidate Alexi Giannoulias' family bank may make a big difference in Illinois' U.S. Senate Democratic primary. Crain's Chicago Business reported...
Wed, Jan 27 | from Chicagoist
Financial Times FT.com
The US Federal Deposit Insurance Corporation is working on plans to package billions of dollars of assets from failed banks into securities, a move that will help restart the still dysfunctional markets for mortgage-backed bonds.
Sun, Jan 24 | from Financial Times
(AFX UK Focus) 2010-01-22 15:00 BoE, U.S. FDIC to work closely on banks in distress
LONDON, Jan 22 (Reuters) - The Bank of England said on Friday it had signed an agreement with the U.S. Federal Deposit Insurance Corporation to work more closely when resolving distressed banks with operations in the U.S. and the UK. "It makes good sense to develop close relationships with oth...
Fri, Jan 22 | from iii.co.uk
How Will the New Bank Fee Affect Consumers? (Consumer Action)
How much will these institutions have to pay? The fee will equal 15 basis points, or 0.15 percentage points, of a bank’s covered liabilities. But any assets held in FDIC-insured deposit accounts will not be included in that calculation. That will ensure the government is not double-dippin...
Wed, Jan 13 | from Smartmoney.com
Sensible Rules to Regulate Risk?
Sheila C. Bair looks to be leading the regulatory race to the top, Breakingviews says. The agency she oversees, the Federal Deposit Insurance Corporation , recently unveiled a handful of clever ideas to contain risky bank behavior and protect the nation’s deposit insurance fund.
Fri, Jan 8 | from New York Times
Mid-Iowa banks pay up
Bank failures across the country are having an effect on Mid-Iowa lenders, due to a recent order by the Federal Deposit Insurance Corporation.
Tue, Jan 5 | from The Ames Tribune
Second-Rate Credit Rating for the US?
The FDIC expects bank closures to cost the Deposit Insurance Fund $100 billion through 2013, but by June 2013 the fund must return to 1.15% of insured ... Exclusive: Citi, US disagree over capital for TARP exitReuters Quiet as it's kept, the bank bail-out workedAtlanta Journal Constitution
Tue, Dec 8 | from FOXBusiness
Opinion: Capital Sources
The Federal Deposit Insurance Corp.'s increase of deposit coverage to $250000 through 2013 has also made cds more attractive, he said. “As we've been knee-deep in this credit cycle in the US,, you have seen 300-plus banks now on the FDIC watch list,” ...
Wed, Jun 17 | from Miami Daily Business Review
Opinion: Piper Jaffray offers clients $50m or more in FDIC insurance
The Certificate of Deposit Account Registry Service (CDARS), a national deposit placement service, operates over a network of 3000 member banks. This programme achieves higher FDIC coverage by deploying large deposits into multiple federally insured ... A Captive FDIC Forbes
Tue, Apr 14 | from Banking Business Review
Shopping for a bank: Customers should review options and fees ...
Most banks are FDIC-insured, but check it. Perrotta says consumers should never deposit more than the FDIC-insured amount - $250000 per depositor, per bank - into one bank. Credit unions are insured by the federally-backed National Credit Union ... Video: Banks vs. credit unions NBC13.com
Mon, Apr 13 | from Bellingham Herald
Opinion: 'Bad bank' talk aids stocks
FDIC Chairman Sheila Bair is pushing to run the operation, which would buy the toxic assets clogging banks' balance sheets, one of the people said. ... Video: Jan 28: Stocks Jump on Plan for Bad Banks AssociatedPress Obama's 'bad bank' plan fuels global sharemarket rally National Business R...
Thu, Jan 29 | from Cincinnati.com
Opinion: Fed Funds Rate Drop Update: Locking In Higher Bank Yields Now
Shorter Term (1-2 Year) Certificates of Deposit FNBO Direct is offering a 9-month CD at 3.75% APY, a 1-Year CD at 4.0% APY, and a 2-Year CD at 4.26% APY. These are all very competitive for their respective lengths. The FNBO Direct liquid savings account (my review) also holds steady at 3.25% APY.
Sun, Dec 21 | from My Money
Podcast: President Bush Visits Ada, Michigan, Discusses Economy - October 15, 2008
President Bush on Wednesday said, "So I want to thank you all for giving me a chance to hear from you. We've got some community bankers here that have been affected by the plan we put in place. And their bank lending is now secured by the FDIC. And I bring a sense of optimism and realism. I'm realisti...
Tue, Oct 14 | from Whitehouse.gov
