×

Government Agencies FDIC

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • BEIJING, March 27- Industrial and Commercial Bank of China Ltd has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation, as an independent non-executive director. In November, Agricultural Bank of China Ltd agreed to pay a $215 million fine as part of a consent order published by New York's Department of Financial Services for...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. Hoenig's proposal would "require large, complex,...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...

  • The company said it believed the raid by officials from agencies including the Internal Revenue Service's criminal investigation division, the Department of Commerce and the Federal Deposit Insurance Corp was connected with an IRS probe related to a Swiss parts unit, Caterpillar SARL. Caterpillar has been fighting an IRS demand that it pay $2 billion in...

  • Net income rose 4.9 percent to $171 billion in 2016, an all-time high, according to Federal Deposit Insurance Corp figures, which are not inflation-adjusted. Net income at U.S. banks increased by $3.1 billion, or 7.7 percent, in the fourth quarter of 2016 compared with a year ago, while the number of struggling lenders fell, the FDIC said in its quarterly report.

  • Jan 9- The U.S. Federal Deposit Insurance Corporation sued Bank of America Corp over $542 million in deposit insurance which it says the second-largest U.S. bank "refuses to pay," according to a complaint filed Monday in a U.S. district court.

  • WASHINGTON, Jan 9- The U.S. Supreme Court on Monday declined to hear a bid by banks to avoid a Federal Deposit Insurance Corp lawsuit over the 2009 collapse of Alabama's Colonial BancGroup Inc.. The justices left in place a May 2016 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that found that the FDIC did not wait too long to sue Credit Suisse Group AG,...

  • FBI investigating 2010 FDIC hack: Reuters

    According to Reuters, the FBI is probing a FDIC hack that began in 2010; breach is believed to have been sponsored by China's military. CNBC's Eamon Javers reports.

  • WASHINGTON, Dec 23- The FBI is investigating how hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010 in a breach senior FDIC officials believe was sponsored by China's military, people with knowledge of the matter said. Reuters was not able to review those records, and could not determine how long the...

  • EXCLUSIVE- FBI HAS ONGOING INVESTIGATION INTO MULTI-YEAR HACK OF FEDERAL DEPOSIT INSURANCE CORPORATION; HACK STARTED IN 2010- SOURCES.

  • Wells Fargo was one of five banks to fail an initial assessment in April. On Tuesday, regulators determined that Wells Fargo's living wills fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance Corporation said in a statement. Wells Fargo may submit an amended living will by March 31 and regulators may lift...

  • WASHINGTON, Nov 29- U.S. banks' net income increased 12.9 percent, up $5.2 billion, in the third quarter as the number of struggling lenders fell, the Federal Deposit Insurance Corp said on Tuesday. The FDIC said the share of unprofitable banks, 4.6 percent, was the lowest since the third quarter of 1997.. The Federal Reserve has kept interest rates low since the 2008...

  • WASHINGTON, Nov 9- Global banking regulators would make a grave mistake if they eased capital rules for the world's largest lenders, a senior U.S. banking official said on Wednesday. Tom Hoenig, the vice chairman of the Federal Deposit Insurance Corporation, said higher capital levels may be needed to protect banks from a repeat of turmoil like that seen during...

  • Wells Fargo Bank in San Francisco.

    Wells Fargo has not done enough to address the problems brought to light in its $190 million settlement over secret accounts, Sheila Bair tells CNBC.

  • Santelli: Sheila Bair on America's student loan crisis

    Sheila Bair, Washington College president and former FDIC Chair, joins Rick Santelli to discuss America's student loan crisis and the potential solutions.

  • 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.