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FDIC

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  • US bank earnings up 6.9 percent in Q1 Wednesday, 27 May 2015 | 10:35 AM ET

    The data issued Wednesday by the Federal Deposit Insurance Corp. showed "gradual but steady improvement" for the banking industry, FDIC Chairman Martin Gruenberg said at a news conference. The FDIC reported that U.S. banks earned $39.8 billion in the first quarter, up from $37.2 billion a year earlier. The number of banks on the FDIC's confidential "problem list"...

  • 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...

  • WASHINGTON, March 2- Regulators shouldn't weaken a rule that limits banks' borrowing, a senior U.S. bank supervisor said on Monday, indicating a possible split with the derivatives watchdog over the issue. Tom Hoenig, second-in-command at the Federal Deposit Insurance Corp, said he disagreed with the head of the Commodity Futures Trading Commission who has...

  • WASHINGTON, Feb 27- The U.S. Federal Deposit Insurance Corporation said on Friday Puerto Rico-based bank Doral Financial Corp was closed, and its business taken over by Banco Popular de Puerto Rico.

  • NEW YORK, Feb 27- Shares of San-Juan, Puerto Rico- based lender Doral Financial Corp plunged 46.3 percent and were then halted on Friday, following a U.S. Federal Deposit Insurance Corp recall of a press release announcing that the bank was closed. The FDIC said the press release, announcing that it had been appointed as receiver to the bank, had been sent in error.

  • 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

    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.

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

    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.

  • FDIC to Raise Key Leverage Ratio to 5 Percent   Monday, 8 Jul 2013 | 1:17 PM ET
    FDIC to Raise Key Leverage Rules

    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.