Government Agencies FDIC

  • Congressman Jeb Hensarling (R-TX).

    If Rep. Maxine Waters becomes chair of the House Financial Services Committee she may not be able to undo Republicans' deregulation efforts, but she could still hurt the nation's economic growth, says GOP Rep. Jeb Hensarling.

  • The Federal Reserve Board said banks with a total of at least $250 bln in assets would be required to change its method of calculating advanced approaches to total risk-weighted assets under the proposed capital rule, issued in conjunction with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

  • Holding a basil plant with bare hands

    People can find a more profitable place to store their savings, if they consider online banks. 

  • NEW YORK, Sept 20- Sheila Bair, former chair of the Federal Deposit Insurance Corporation, on Thursday warned that the economic recovery since the 2008 financial crisis has been largely driven by ballooning consumer and corporate debt, fueled by low interest rates. "It has been a very uneven recovery," Bair told Yahoo Finance's second annual "All Markets Summit" in...

  • WASHINGTON, Sept 18- Three U.S. banking regulators on Tuesday announced a 60- day open comment period on rules that define the acquisition and development of high volatility commercial real estate, according to a joint statement. The Federal Reserve, with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, intends to...

  • WASHINGTON, Sept 4- U.S. regulators said on Tuesday they will giving the public an extra 30 days to comment on a proposed rewrite of the "Volcker Rule" banning proprietary trading by banks. The five regulators charged with enforcing the rule will now accept comments until Oct. 17. The Federal Reserve, Federal Deposit Insurance Corporation, Securities and Exchange...

  • WASHINGTON, Aug 30- The Federal Reserve said on Thursday that it was giving Deutsche Bank AG and four other financial institutions an additional year to submit "living wills" detailing how they could be safely dissolved in a crisis. The Fed, along with the Federal Deposit Insurance Corp, said Deutsche, Barclays PLC, Credit Suisse Group AG and UBS AG would now be...

  • WASHINGTON, Aug 30- The Federal Reserve said on Thursday that it was giving Deutsche Bank AG and four other financial institutions an additional year to submit "living wills" detailing how they could be safely dissolved in a crisis. The Fed, along with the Federal Deposit Insurance Corporation, said Deutsche, Barclays PLC, Credit Suisse Group AG and UBS AG would now...

  • WASHINGTON, Aug 23- The U.S. banking sector reported a record $60.2 billion in profits in the second quarter of 2018, up 25.1 percent compared to the same time one year ago. The Federal Deposit Insurance Corporation reported Thursday that a little more than half of those gains were attributed to a lower effective tax rate. Banks had previously reported a record...

  • NEW YORK, Aug 7- Former U.S. Securities and Exchange Commission chairman Arthur Levitt and former Federal Deposit Insurance Corp chair Sheila Bair have joined the board of advisors of cryptocurrency trading platform Omniex, the company said on Tuesday. Levitt, who became the SEC's longest-serving chairman after holding the role from 1993 to 2001, is...

  • July 2- A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global financial crisis. District Judge Barbara Rothstein found it more likely than not that PwC's negligence was the proximate cause of FDIC...

  • July 2- A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global financial crisis. District Judge Barbara Rothstein found it more likely than not that PwC's negligence was the proximate cause of FDIC...

  • July 2- A federal judge on Monday said PricewaterhouseCoopers LLP must pay the Federal Deposit Insurance Corp $625.3 million in damages for failing to uncover a fraud scheme between its client Colonial Bank and the mortgage lender Taylor, Bean& Whitaker. The FDIC, which was Colonial's receiver, said Colonial reported owning significant stakes in mortgages,...

  • July 2- A federal judge on Monday said PricewaterhouseCoopers LLP should pay the Federal Deposit Insurance Corp $625.3 million in damages for failing to uncover a fraud scheme between its client Colonial Bank and the mortgage lender Taylor, Bean& Whitaker. District Judge Barbara Rothstein ruled after a non-jury trial on damages held in March.

  • FRANKFURT, May 31- The United States Federal Reserve last year designated Deutsche Bank AG's U.S. operations to be in "troubled condition," The Wall Street Journal reported, citing people familiar with the matter. The Fed downgrade caused the U.S. Federal Deposit Insurance Corporation to put Deutsche Bank Trust Company Americas, on its list of "Problem Banks," it...

  • WASHINGTON, May 22- U.S. banks reported $56 billion in profits in the first quarter, up 27.5 percent from a year earlier, as institutions began to take advantage of a lower effective tax rate, the Federal Deposit Insurance Corporation reported Tuesday. Net interest income was up 8.5 percent to $131.3 billion. FDIC Chairman Martin Gruenberg said the new report...

  • WASHINGTON, May 22- U.S. banks reported $56 billion in profits in the first quarter of 2018, up 27.5 percent from one year ago as institutions began to take advantage of a lower effective tax rate, the Federal Deposit Insurance Corporation reported Tuesday. Over 70 percent of U.S. banks reported growth in their year-over-year earnings, as the industry enjoyed...

  • Sheila Bair: Our fiscal situation is not a good one

    Sheila Bair, former FDIC chair, discusses what she sees as potential pitfalls of reforming Dodd-Frank legislation and explains why deregulation of banks could be the seeds of the next financial crisis.

  • Sheila Bair, former Chair of the FDIC.

    Bitcoin is 'something regulators need to deal with but not ban,' says former FDIC Chair Sheila Bair.

  • Skyscrapers new york city, office buildings, corporate, corporate america

    Banks are making what could turn out to be an expensive bet that interest rates will stay low for several more years.