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Government Agencies FDIC

  • WASHINGTON, Aug 2- Big banks say tight U.S. financial regulation forces them to sit on capital and not put money to work by making loans, but in truth they choose to distribute all of their earnings to investors instead of lending them, a long-time regulator said in a letter to two powerful senators released on Wednesday. Federal Deposit Insurance Corporation Vice...

  • WASHINGTON, Aug 2- Big banks say tight U.S. financial regulation forces them to sit on capital and not put money to work by making loans, but in truth they choose to distribute all of their earnings to investors instead of lending them, a long-time regulator said in a letter to two powerful senators released on Wednesday. Federal Deposit Insurance Corporation Vice...

  • WASHINGTON, July 12- James Clinger, picked by President Donald Trump in June to head the Federal Deposit Insurance Corporation, announced on Wednesday he was withdrawing his name from consideration. I did so after concluding that the family-related obligations that prompted me to leave government service earlier this year- which have grown more challenging...

  • The Federal Reserve and Federal Deposit Insurance Corporation posted the public portions of living wills submitted by banks including Bank of America Corp, JPMorgan Chase& Co and Goldman Sachs Group Inc. Introduced in the wake of the global financial crisis of 2007-2009, the plans outline how banks would go bankrupt without needing a taxpayer bailout.

  • NEW YORK, July 5- U.S. bank regulators on Wednesday posted plans submitted by eight of the nations largest banks for how they could be dissolved in a crisis and gave American International Group, Inc and Prudential Financial an extra year to submit their plans. The Federal Reserve and the Federal Deposit Insurance Corporation posted public portions of those...

  • June 12- Social Finance Inc, the online lender known as SoFi, said on Monday it applied for a new bank charter with the U.S. Federal Deposit Insurance Corp.. The company has applied for an industrial loan bank charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its address. SoFi Bank will operate as an online-only institution, with no...

  • Sheila Bair

    The stress tests banks now have to undergo don't necessarily have to be so complicated, former FDIC chair Sheila Bair told CNBC on Thursday.

  • Get rid of risk based capital for smaller banks: Former FDIC chair

    Sheila Bair, former FDIC chair, talks about stress tests and a Fed governor's comments today with CNBC's Steve Liesman.

  • A decline in loan demand could signal weakness in the economy but regulators will not know for sure until later in the year, said Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation. James Chessen of the American Bankers Association said industry had expected President Donald Trump might use the tax code to stoke investment but those...

  • The claim by the U.S. Federal Deposit Insurance Corp now totals more than $1.1 billion.

  • FEDERAL DEPOSIT INSURANCE CORP ADDS $583 MILLION TO CLAIM AGAINST BANK OF AMERICA CORP- FILING.

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • WASHINGTON, April 24- Wells Fargo& Co has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the U.S. central bank said on Monday. In December, the Fed and Federal Deposit Insurance Corporation notified Wells Fargo that the bank's plan fell short. U.S. taxpayers had to prop up banks that were deemed "too big to...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • BEIJING, March 27- Industrial and Commercial Bank of China Ltd has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation, as an independent non-executive director. In November, Agricultural Bank of China Ltd agreed to pay a $215 million fine as part of a consent order published by New York's Department of Financial Services for...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. Hoenig's proposal would "require large, complex,...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...