Government Agencies FDIC

More

  • 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...

  • 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...

  • Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • NEW YORK, Feb 2- Morgan Stanley has agreed to pay $62.95 million to resolve claims over the sale of toxic mortgage-backed securities to three banks that later failed, the Federal Deposit Insurance Corp said on Tuesday. The settlement resolves lawsuits the U.S. regulator filed as receiver for the three failed banks against Morgan Stanley and other defendants...

  • 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.

  • A Cartier store in San Juan, Puerto Rico.

    Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.

  • Securities Industry and Financial Markets Association President and CEO Kenneth Bentsen Jr., MidWest One Bank President and CEO Charles Funk, MIT Sloan School of Management Professor of Entrepreneurship Simon Johnson and Treasury Strategies Director David Robertson testify before the House Financial Services Committee during a hearing about the Volker Rule.

    A provision prohibiting banks from keeping investments in CDOs backed by hybrid securities called trust preferreds ignited a controversy.