GO
Loading...

FDIC

More

  • US regulators close small bank in Georgia Friday, 18 Jul 2014 | 5:44 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Eastside Commercial Bank, based in Conyers, Georgia. The FDIC says Macon, Georgia- based State Bank and Trust Company will also buy $42.6 million of Eastside Commercial Bank's loans. The failure of Eastside Commercial Bank is expected to cost the deposit insurance fund $33.9 million.

  • The lawsuit, filed against the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, comes days after U.S. prosecutors opened criminal and civil probes into at least 15 banks and payment processors as part of a wide-ranging consumer fraud investigation.

  • Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp, made the comments after Bank of America announced earlier this week that it would have to re-do its test results after discovering a calculation error that led it to overstate its capital levels by about $4 billion.

  • U.S. FDIC adopts tougher bank leverage rules Tuesday, 8 Apr 2014 | 2:51 PM ET

    WASHINGTON, April 8- The U.S. Federal Deposit Insurance Corp voted on Tuesday to adopt tougher leverage requirements for the biggest U.S. banks. The rules set a leverage ratio of 6 percent for big banks and 5 percent for their holding companies. The new requirements would take effect in 2018, regulators said.

  • WASHINGTON, April 8- Financial regulators will vote shortly to finalize rules requiring the biggest U.S. banks to meet a 6 percent leverage ratio, the regulators said in documents released on Tuesday. The rules closely follow a proposal issued by the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency last year.

  • March 3- A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S. Citigroup, the third-largest U.S. bank by assets, also said Banamex USA had received a subpoena from the U.S. Federal Deposit Insurance Corp, a civil agency.

  • March 3- A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S. The company also said Banamex USA had received a subpoena from the U.S. Federal Deposit Insurance Corp..

  • "I think we've gotten the details worked out and now it's just getting the schedule and... getting everyone lined up," Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig told reporters at a conference.

  • 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.

  • 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

    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

    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

    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.

  • FDIC Tightens Screws on Banks     Tuesday, 9 Jul 2013 | 7:17 AM ET

    Dick Bove, Rafferty Capital analyst, explains why the new banking regulation is a "turf war" between the Fed, which believes in the Basel III approach to capital, and the FDIC.

  • The FDIC on Tuesday will propose a leverage rule requiring big banks to have common equity equal to at least 5 percent of their assets, sources tell CNBC.

  • The FDIC's stricter leverage rules will be announced on Tuesday, reports CNBC's Kate Kelly. The FDIC is expected to raise the key leverage ratio for banks to 5 percent from 3 percent.