Government Agencies FDIC

  • NEW YORK, Aug 22- Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down. U.S. banks have trimmed the number of branches by 6 percent since it peaked in 2009, according to Federal Deposit Insurance Corp data. The number of FDIC- insured banks has...

  • Customers wait in line for an ATM outside of a Wells Fargo & Co. bank branch in Los Angeles, California.

    The largest banks are reportedly increasing the amount of overdraft fees they collect from their customers.

  • WASHINGTON, June 1- Souring loans to energy companies drove down the net income of U.S. banks for the first time in two years in the first quarter, with a 2 percent decrease from a year earlier to $39.1 billion, the head of the Federal Deposit Insurance Corporation said on Wednesday. "Low energy prices have led to a sharp increase in non-current loans to oil and gas...

  • WASHINGTON, June 1- Net income at U.S. banks declined 2.0 percent in the first quarter of 2016 from a year earlier, the first year-on-year drop since 2014, almost exclusively due to souring energy loans at large institutions, the head of the Federal Deposit Insurance Corporation said on Wednesday. "Low energy prices have led to a sharp increase in non-current...

  • WASHINGTON, April 15- The U.S. Federal Reserve and the Federal Deposit Insurance Corporation said on Friday they had reissued their letter from earlier in the week to Morgan Stanley about the bank's "living will," or plan for a bankruptcy that would not rely on federal aid, because of a technical error. "The feedback letter for Morgan Stanley has been re-issued due to...

  • Santelli Extra: Sheila Bair on Bernie Sanders

    In an exclusive interview for CNBC Pro subscribers, former FDIC Chair Sheila Bair dishes on the election, big banks and Bernie Sanders.

  • Reviewing documents

    Bank holding companies with consolidated assets of $50 billion or more are required to submit living wills to regulators.

  • Santelli Exchange: Banks' living wills

    CNBC's Rick Santelli discusses deficiencies in banks' living wills and corporate tax inversions with Sheila Bair, Former chair of the FDIC and Washington College President.

  • WASHINGTON, April 13- The Federal Reserve and Federal Deposit Insurance Corporation are investigating how the Wall Street Journal came to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations. A Fed spokesman, Eric Kollig, confirmed on Wednesday that...

  • WASHINGTON, April 13- The Federal Reserve and Federal Deposit Insurance Corporation are investigating how The Wall Street Journal came to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations. The FDIC's chairman on Tuesday night asked the agency's...

  • April 13- U.S. federal regulators said five out of the eight biggest U.S. banks do not have credible plans to operate without relying on taxpayer money in case of a bankruptcy and gave them until Oct. 1 to make amends or risk sanctions. The Federal Deposit Insurance Corporation and the Federal Reserve jointly failed the plans, commonly called "living wills", of Bank of...

  • The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from Bank of America, Bank of New York Mellon, J.P. "The FDIC and Federal Reserve are committed to carrying out the statutory mandate that systemically important financial institutions demonstrate a clear path to an orderly failure...

  • The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from Bank of America, Bank of New York Mellon, J.P. "The FDIC and Federal Reserve are committed to carrying out the statutory mandate that systemically important financial institutions demonstrate a clear path to an orderly failure...

  • WASHINGTON, April 12- U.S regulators are preparing to notify some of the country's largest banks, including JPMorgan Chase& Co, that they have submitted flawed "living wills," the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Federal Deposit Insurance Corporation and the Federal Reserve, the two regulators reviewing the...

  • Helping small businesses get loans

    Stephen Sheinbaum, BizFi founder, discusses alternative lending for small business loans.

  • The Federal Reserve Building in Washington D.C.

    A review by key banking regulators raises red flags about risks in the nation's lending system, noting that credit risk in the U.S. remains high.

  • Stacks of cash dollars

    As the system keeps getting bigger, so does the amount for which taxpayers, in an extreme case, would be exposed should things go haywire again.

  • Bank of America

    More than seven years after the global financial collapse, banks have paid more than $150 billion in fines and other penalties.

  • Greenwich Associates founder Charles Ellis is shown at an event in New York.

    How do you improve the culture of Wall Street? Personally punish the industry's bad apples, according to two longtime observers.

  • FDIC sues 16 big banks

    CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.