Government Agencies FDIC

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  • 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 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...

  • 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.

  • WASHINGTON, Dec 18- The top U.S. banking regulators issued a forceful warning about commercial real estate lending on Friday, saying they will keep close watch on the segment next year as a recent swell in looser loan standards threatens banks' financial health. The statement from the Federal Reserve's Board of Governors, Federal Deposit Insurance Corporation...

  • 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.

  • In the coming weeks, banking regulators including the Federal Reserve, the Federal Deposit Insurance Corp, and the Office of the Comptroller of the Currency are due to release the results of their regular look at banks' loan books known as the "shared national credit" review. Lenders have been guarding themselves from the declining creditworthiness of the...

  • "We are asking for very substantial changes on the part of these firms," Yellen said in response to questions from a U.S. House of Representatives panel about why the Fed's assessment of earlier wind-up plans submitted by big banks in 2013 was not as publicly critical as that of another bank regulator, the Federal Deposit Insurance Corp. The FDIC said in August 2014...

  • 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.