Enter multiple symbols separated by commas

Government Agencies FDIC


  • US regulators close small Georgia bank Friday, 2 Oct 2015 | 8:27 PM ET

    The Bank of Georgia, based in Peachtree City, Georgia, was closed Friday, the Federal Deposit Insurance Corp. said. Fidelity Bank, a subsidiary of Fidelity Southern Corp., agreed to buy $255.3 million of the failed bank's assets and will gain seven locations. As of June 30, The Bank of Georgia had about $294.2 million in total assets and $280.7 million in total...

  • 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...

  • May 6- Sheila Bair, an outspoken critic of Wall Street during her time as chairman of the Federal Deposit Insurance Corp, has been named president of a liberal arts college near Baltimore. Appointed to lead the FDIC by President George W. Bush in 2006, Bair was one of the first officials to warn about a subprime mortgage crisis but clashed often with those who were...

  • U.S. regulator wants better deposit data from big banks Tuesday, 21 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 21- The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex. It said the FDIC "has often found inconsistent and missing data" in the current records, which the banks need to provide because of an...

  • '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.

  • Bank lending is on the rise. The little guy on Main Street is not feeling it, though, so many entrepreneurs are turning to alternative funding sources.

  • FDIC earnings report Thursday, 29 Aug 2013 | 10:12 AM ET
    FDIC earnings report

    CNBC's Hampton Pearson has the latest numbers on bank earnings.

  • Sen. Warren: No risky trading with insured deposits Friday, 12 Jul 2013 | 10:07 AM ET
    Sen. Elizabeth Warren

    The big banks should not be allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.

  • Regulators Push for Tighter Rule in Bank Borrowing Tuesday, 9 Jul 2013 | 10:32 AM ET

    The FDIC, OCC and the Fed jointly proposed new rules on bank borrowing that could hamper lending. The new rules will make the biggest banks fund 5 percent of their assets.