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...
Martin Gruenberg, the head of the Federal Deposit Insurance Corporation, said he plans to serve his entire five-year term.
U.S. banks' net income increased 12.9 percent compared to the third quarter of last year as the number of struggling lenders fell.
The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the banking industry more than eight years after the financial crisis struck. The FDIC reported that U.S. banks earned $45.6 billion in the third quarter, up from $40.4 billion a year earlier. The FDIC said net interest income increased by $10 billion, or 9.2 percent, from a year...
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...
WASHINGTON, Oct 4- Leading U.S. banks on Tuesday submitted updated "living wills" to regulators who must decide whether Wall Street firms can be unwound without taxpayer help or should be broken up. Eight of the largest banks handed in paperwork on how they would be dissolved in a crisis to the Federal Reserve and Federal Deposit Insurance Corp before those...
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.
Sheila Bair, Washington College president and former FDIC Chair, joins Rick Santelli to discuss America's student loan crisis and the potential solutions.
WASHINGTON, Aug 30- U.S. banks saw their net income increase $584 million, or 1.4 percent, compared to the second quarter of last year in a sign of strength for the sector, according to the Federal Deposit Insurance Corporation. "Income and revenue both increased from a year ago," FDIC Chairman Martin Gruenberg said in a statement. In a separate announcement, the FDIC...
NEW YORK, Aug 22- Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down. U.S. banks have trimmed the number of branches by 6 percent since it peaked in 2009, according to Federal Deposit Insurance Corp data. The number of FDIC- insured banks has...
The largest banks are reportedly increasing the amount of overdraft fees they collect from their customers.
In an exclusive interview for CNBC Pro subscribers, former FDIC Chair Sheila Bair dishes on the election, big banks and Bernie Sanders.
Bank holding companies with consolidated assets of $50 billion or more are required to submit living wills to regulators.
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.
Stephen Sheinbaum, BizFi founder, discusses alternative lending for small business loans.
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.
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.
More than seven years after the global financial collapse, banks have paid more than $150 billion in fines and other penalties.
How do you improve the culture of Wall Street? Personally punish the industry's bad apples, according to two longtime observers.
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.