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Government Agencies FDIC


  • WASHINGTON— U.S. banks' earnings rose 5.1 percent in the July-September quarter from a year earlier, largely because of a drop in legal expenses for the largest financial services companies. The Federal Deposit Insurance Corp. says that profits reached $40.4 billion, up from $38.4 billion in the third quarter of 2014.. The data illustrates the steady...

  • 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...

  • WASHINGTON, Oct 22- The U.S. Federal Deposit Insurance Corp on Thursday voted to adopt long-awaited rules requiring big U.S. banks to post more collateral when they trade in riskier derivatives.

  • U.S. regulators set to approve final swaps margin rules Thursday, 22 Oct 2015 | 10:00 AM ET

    WASHINGTON, Oct 22- U.S. banking regulators plan to adopt long-awaited rules on Thursday requiring big U.S. banks to post more collateral when they trade in riskier derivatives. The final rules from the Federal Reserve, Federal Deposit Insurance Corp and other agencies would require banks, asset managers, hedge funds and others to put up roughly 30 percent more...

  • DIARY-Top Economic Events to Oct 30 Friday, 16 Oct 2015 | 8:01 PM ET

    CHICAGO- The board of governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation hold a joint meeting on the Economic Growth and Paperwork Reduction Act of 1996 regulations- 1400 GMT. RICHMOND- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Early Childhood...

  • District Judge Gladys Kessler in Washington, D.C. said the Community Financial Services Association of America may press claims that the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency violated its members' due process rights. They said more than 80 lenders including Bank of America Corp, Capital One Financial...

  • Lawsuits stemming from the FDIC's role as receiver for Austin- based Guaranty Bank, which had bought more than $2.7 billion of the securities, were filed against Citigroup Inc, Bank of New York Mellon Corp and US Bancorp late Wednesday in Manhattan federal court. The FDIC, whose full name is Federal Deposit Insurance Corp, said the banks failed in their role as bond...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. The Federal Deposit Insurance Corp, which sued in its capacity as receiver for Guaranty Bank, said it suffered more...

  • The 5th U.S. Circuit Court of Appeals in New Orleans said the Federal Deposit Insurance Corporation could sue Deutsche Bank AG, Goldman Sachs Group Inc and Royal Bank of Scotland Group Plc for making false statements in selling $840 million in mortgage bonds to a failed Texas bank. The court ruled that a federal law passed in 1989 after the savings and loan crisis...

  • MADRID, July 30- Spanish bank Santander said on Thursday former U.S. banking regulator Sheila Bair had resigned from its board after being named rector of Washington College in Maryland. Bair, who ran the Federal Deposit Insurance Corporation from 2006 to 2011, was appointed to the board of the euro zone's biggest bank, which is making a big push in the United...

  • 7 years on from crisis, $150B in fines and penalties Thursday, 30 Apr 2015 | 2:32 PM ET
    Bank of America

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

  • 'SOB' bankers should be punished: Wall St watchers Friday, 20 Mar 2015 | 12:47 PM ET
    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 Friday, 14 Mar 2014 | 2:33 PM ET
    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.

  • Maybe Puerto Rico needed trip to bond junkyard Monday, 10 Mar 2014 | 7:00 AM ET
    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.

  • Volcker rule changes bring relief to small banks Thursday, 16 Jan 2014 | 11:44 AM ET
    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.

  • Volcker has exceptions to proprietary trading curbs Tuesday, 10 Dec 2013 | 1:10 PM ET
    Volcker has exceptions to proprietary trading curbs

    CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.

  • Volcker Rule: Simpler and stronger Tuesday, 10 Dec 2013 | 11:04 AM ET
    Volcker Rule: Simpler and stronger

    Discussing the Volcker Rule and the improvements made to make the legislation stronger, with CNBC's Rick Santelli and Sheila Bair, former chair of the FDIC.

  • Javers: Volcker Rule exemptions Tuesday, 10 Dec 2013 | 10:03 AM ET
    Javers: Volcker Rule exemptions

    CNBC's Eamon Javers details the five key exemptions under the Volcker Rule. Regulators from the FDIC and Federal Reserve are expected to vote to approve the legislation which would ban banks from proprietary trading.

  • Obama nominating Treasury official to run CFTC Tuesday, 12 Nov 2013 | 9:48 AM ET
    Timothy Massad

    The President is nominating top Treasury Department official Timothy Massad as head of CFTC, the agency that regulates the futures and options market.