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Government Agencies FDIC

  • 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...

  • Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation, said the plan goes too far. IndyMac, a mortgage lender based in California, went under in 2008 and was the most expensive bank failure in FDIC history with a $12 billion cost to the agency. The FDIC stands behind bank customers by insuring their deposits.

  • WASHINGTON, Nov 21- U.S. bank profits rose 5.2 percent in the second quarter of 2017 from the same period in 2016, reaching $47.9 billion, the Federal Deposit Insurance Corp said on Tuesday. The average return on assets was 1.12 percent and more than two-thirds of all banks reported higher quarterly earnings than a year earlier, the U.S. banking regulator said.

  • WASHINGTON, Nov 14- The outgoing head of a key U.S. banking regulator is airing concern that banks and industry-sympathetic regulators may go too far in efforts to ease rules established after the 2007-2009 financial crisis. Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, made a broad defense of the post-crisis regulatory landscape on...

  • NEW YORK, Oct 19- Stash, a New York- based startup that lets individuals make micro-investments through a mobile app, will launch free bank accounts aimed at low-income U.S. consumers. The accounts will be insured by the U.S. Federal Deposit Insurance Corp, will have no minimum balance requirements and will be connected to a debit card, Stash said.

  • WASHINGTON, Oct 17- U.S. financial regulators moved on Tuesday to make it easier for real estate deals to get done in areas of the country ravaged by recent hurricanes, in a bid to boost recovery efforts. Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, and the Office of the Comptroller of the Currency.

  • 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.

  • Santelli: Sheila Bair on America's student loan crisis

    Sheila Bair, Washington College president and former FDIC Chair, joins Rick Santelli to discuss America's student loan crisis and the potential solutions.

  • Customers wait in line for an ATM outside of a Wells Fargo & Co. bank branch in Los Angeles, California.

    The largest banks are reportedly increasing the amount of overdraft fees they collect from their customers.