Reuters (Free subscription) | 24/11/2009
WASHINGTON (Reuters) - The U.S. government insurance fund used to safeguard bank deposits dropped to a balance of negative $8.2 billion in the third quarter, the first time since 1992 that it had a negative balance, the Federal Deposit Insurance Corp said on Tuesday.
kansascity.com (Free subscription) | 24/11/2009
The apparent end of the recession and stabilizing financial markets have not cured the banking industry, the Federal Deposit Insurance Corp. said Tuesday.
Examiner (Free subscription) | 24/11/2009
Banks earned $2.8 billion in the third quarter, but loan balances plummeted and the fund that insures their deposits was $8.2 billion in the red.
USA Today (Free subscription) | 24/11/2009
The apparent end of the recession and stabilizing financial markets have not cured the banking industry, the Federal Deposit ...
kansascity.com (Free subscription) | yesterday
Among 124 federally insured banks and savings banks operating in the Kansas City area, 44 lost money so far this year, according to reports from the Federal Deposit Insurance Corp.
Salt Lake Tribune (Free subscription) | 11 hours ago
The Federal Deposit Insurance Corp. has ordered a pair of Utah banks to improve their financial strength or face civil fines. SunFirst Bank of St. George is under a cease-and-desist order to raise its Tier 1 capital to at least 11 percent of total assets within 120 days.
The Kansas City Business Journal (Free subscription) | 30/11/2009
The Federal Deposit Insurance Corp. revealed Friday that Hillcrest Bank consented to a cease-and-desist order.
The Philadelphia Business Journal (Free subscription) | 30/11/2009
Firstrust Bank was fined $10,000 by the Federal Deposit Insurance Corp. for regulatory violations, according to information released by the FDIC Friday.
DealBreaker (Free subscription) | yesterday
... both J.P. Morgan Chase & Co., which bought the doomed financial institution from the Federal Deposit Insurance Corp., and the Seattle thrift's holding company, Washington Mutual Inc. SEC Watchdog Eyes Insider Trading Probe (NYT) Inspector General David Kotz's office said it is looking at a complaint that SEC staff had access to specific evidence that insider trading had...
The Philadelphia Business Journal (Free subscription) | 30/11/2009
Coatesville Savings Bank, which last week announced a new management team, has entered into a consent agreement with the Federal Deposit Insurance Corp. after being confronted with alleged violations of banking regulations.
The Kansas City Business Journal (Free subscription) | 30/11/2009
The Federal Deposit Insurance Corp. announced Friday that it put Union Bank under a cease-and-desist order.
DealBreaker (Free subscription) | 30/11/2009
Two regional bank CEOs say they can't find a failed bank they want to buy. The Wall Street Journal runs a story that makes it seem like the Federal Deposit Insurance Corp. is going to be stuck with "a growing pile of terminally ill U.S. banks." Well, that's not exactly true: One of the banks did find a failed bank it wanted to buy, but another bank made a better offer....
Chicago Tribune (Free subscription) | yesterday
Peotone Bank & Trust of Peotone, American Heartland Bank of Sugar Grove also must make improvements The Federal Deposit Insurance Corp. ordered Lincoln Park Savings Bank of Chicago to raise capital, stop making loans to struggling borrowers and overhaul its loan committee to include at least three independent directors.
What Really happened (Free subscription) | 30/11/2009
U.S. banks are earning money again, but they're writing fewer business loans, threatening a fragile economic recovery. The Federal Deposit Insurance Corp. reported Tuesday that U.S. bank loans fell by $210.4 billion or 2.8% during the third quarter – the biggest drop since the FDIC started keeping records in 1984. Banks booked $2.8 billion in third-quarter profits, reversing...
Daily Advance - Business (Free subscription) | 30/11/2009
Here's what Iberiabank is trying to take advantage of: many small banks in Florida are in trouble and U.S. megabanks, with more than a few recent problems of their own, have cut back their loan exposure in the state. Thus, the field has been opened for mid-size banking companies with capital. The Federal Deposit Insurance Corp. is taking most of the risk and cleaning out much of...
