SEATTLE-- HomeStreet Inc. said Wednesday that it has been freed from the last of its regulatory sanctions. Late last year, the Federal Deposit Insurance Corp. and the Washington Department of Financial Institutions lifted a so-called memorandum of understanding against the company's HomeStreet Bank.
WASHINGTON, Dec 14- Former IndyMac Chief Executive Michael Perry agreed on Friday to settle a lawsuit filed by the Federal Deposit Insurance Corp that stemmed from the collapse of the bank during the financial crisis, the FDIC said. The FDIC had alleged Perry "negligently" allowed the production of a pool of more than $10 billion in "risky" residential loans.
Under the rules proposed by the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, the biggest banks would have to hold the most capital.