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Government Agencies FDIC

  • 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...

  • WASHINGTON, April 27- The vice chairman of U.S. banking regulator the Federal Deposit Insurance Corporation will step down on Monday, ending his full six-year term, the FDIC said in a statement on Friday. The FDIC, which oversees state-chartered banks, is one of three U.S. banking regulators responsible for implementing and enforcing rules that were introduced...

  • WASHINGTON, April 2- U.S. bank regulators on Monday agreed to relax commercial real estate lending rules and allow more deals to go ahead without an independent appraisal of the property's value. The new standards were agreed to by the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

  • 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.

  • WASHINGTON, Feb 27- U.S. bank profits were down 40.9 percent in the fourth quarter of 2017 from a year earlier, due primarily to one-time accounting changes from the new tax law which is expected to boost profits in the long run, the Federal Deposit Insurance Corp said on Tuesday. Absent the changes spurred by the tax law, bank profits were estimated to drop just 2.3...

  • WASHINGTON, Feb 27- U.S. bank profits were down 40.9 percent in the fourth quarter of 2017 from one year earlier, due primarily to one-time accounting changes from the new tax law, the Federal Deposit Insurance Corp said on Tuesday. Absent the changes spurred by the tax law, bank profits were estimated to drop just 2.3 percent to $42.2 billion in the fourth quarter,...

  • Feb 20- A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank. The Federal Deposit Insurance Corp, which brought the suit in its capacity as receiver for Doral Bank, alleged that the rate rigging...

  • On Monday, Reuters reported that Mick Mulvaney, head of the Consumer Financial Protection Bureau, has dialed back the investigation begun by his predecessor, Richard Cordray. The CFPB also recently rebuffed bank regulators at the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency when they offered to help...

  • On Monday, Reuters reported that Mick Mulvaney, head of the Consumer Financial Protection Bureau, has dialed back the investigation begun by his predecessor, Richard Cordray. The CFPB also recently rebuffed bank regulators at the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency when they offered to help with...

  • WASHINGTON, Jan 29- U.S. banking regulators said Monday that "living wills" submitted by 19 foreign banks are largely satisfactory, and are likely to ease expectations for future submissions from those firms. The Federal Reserve and Federal Deposit Insurance Corporation provided comments to 19 banks regarding their 2015 resolution plans, which were found to...

  • Sheila Bair, former Chair of the FDIC.

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

  • WASHINGTON, Dec 19- U.S. banking regulators said Tuesday that "living wills" submitted by eight large U.S. banks are satisfactory, but half of those plans have "shortcomings" that should be addressed in the future. The Federal Reserve and Federal Deposit Insurance Corporation found shortcomings in plans from Bank of America, Goldman Sachs, Morgan Stanley and Wells...

  • WASHINGTON, Dec 19- U.S. banking regulators said Tuesday that' living wills' submitted by eight large U.S. banks are satisfactory, but half of those plans have "shortcomings" that should be addressed in the future. The Federal Reserve and Federal Deposit Insurance Corporation found shortcomings in plans from Bank of America, Goldman Sachs, Morgan Stanley and Wells...

  • WASHINGTON, Dec 19- U.S. banking regulators said Tuesday that' living wills' submitted by eight large U.S. banks are satisfactory, but half of those plans have "shortcomings" that should be addressed. The Federal Reserve and Federal Deposit Insurance Corporation found shortcomings in plans from Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo, which...

  • 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.

  • 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.

  • FBI investigating 2010 FDIC hack: Reuters

    According to Reuters, the FBI is probing a FDIC hack that began in 2010; breach is believed to have been sponsored by China's military. CNBC's Eamon Javers reports.

  • Wells Fargo Bank in San Francisco.

    Wells Fargo has not done enough to address the problems brought to light in its $190 million settlement over secret accounts, Sheila Bair tells CNBC.