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FDIC

  • 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.

  • WASHINGTON, Oct 21- The U.S. Federal Deposit Insurance Corp unveiled a final rule on Tuesday that requires banks to retain at least 5 percent of the risk on their books when they bundle loans, securitize them and sell them to investors. The rule, expected to be adopted by the FDIC later on Tuesday, aims to prevent a repeat of the 2007-2009 financial crisis, when banks'...

  • WASHINGTON, Oct 15- The U.S. The Fed said it will meet on Oct. 22 to adopt the final version of the credit risk retention rule, a requirement of the 2010 Dodd-Frank law to reform Wall Street. The rule must also be adopted by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Department of...

  • Simon Johnson, economist and professor at Massachusetts Institute of Technology told a panel held on Sunday by the International Monetary Fund. "Where are the documents mandated by Congress that are supposed to show how we will handle the failure of a large global complex interconnected bank? In August the Federal Reserve and Federal Deposit Insurance Corp....

  • FDIC sues 16 big banks  Friday, 14 Mar 2014 | 2:33 PM ET

    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  Tuesday, 10 Dec 2013 | 1:10 PM ET

    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.

  • Banks are lending—but no love for the little guy Thursday, 5 Sep 2013 | 2:40 PM ET

    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.

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

    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.