The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.» Read More
NEW YORK-- Ally Financial Inc. said Tuesday that it agreed to back a settlement plan to resolve potential financial claims stemming from its bankrupt mortgage division, Residential Capital LLC. The only exception: securities claims by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp. in its role as receiver for certain failed banks.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
Some smaller regional lenders are seeing increasing commercial loan demand. Here are previews for the five largest U.S. regional banks by TheStreet.com.
JPMorgan Chase may be losing its pull in Washington while at least eight federal agencies investigate the nation's strongest bank, The New York Times reports.
Rick Santelli criticizes Robert Rubin's statement on CNBC that no one could have seen "the possibility of a serious crisis" coming before the credit markets collapsed. (3:26)
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.