Federal Deposit Insurance Corporation
Feb 05, 2013 17:51 EST
The US Treasury Department said Tuesday it was selling its last holding in Citigroup, one of the banks rescued by the government amid the 2008 financial crisis.
Dec 10, 2012 07:33 EST
British and US banking regulators proposed on Monday a joint strategy to ensure that the bankruptcy of big banks won't spark a chain reaction of contagion throughout markets.
Oct 09, 2012 16:20 EDT
The US Federal Reserve announced new rounds of stress-tests for big American banks on Tuesday, part of efforts to end the excessive risk-taking that led Wall Street to near-collapse in 2008.
Oct 01, 2012 13:07 EDT
Credit card giant American Express was fined $27.5 million by US regulators and ordered to refund $85 million to consumers Monday for deceiving and overcharging card users.
Feb 28, 2012 10:25 EST
WASHINGTON (Reuters) - The U.S. banking industry continues to recover from the economic downturn and the 2007-2009 financial crisis, with profits rising over the past year, but the improvement can only continue if lending picks up, the Federal Deposit Insurance Corp said.
Feb 23, 2012 14:01 EST
WASHINGTON (Reuters) - Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.
Feb 22, 2012 00:30 EST
WASHINGTON (Reuters) - The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking account overdraft fees charged by banks, saying the charges can "inflict serious economic harm" on consumers.
Feb 17, 2012 12:19 EST
(Reuters) - Washington Mutual Inc <WAMUQ.PK> received long-sought court approval to exit bankruptcy and repay $7 billion to creditors, ending more than three years of court battles between hedge funds investors, shareholders and JPMorgan Chase & Co <JPM.N>.
Feb 08, 2012 13:35 EST
(Reuters) - Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability.
Jan 25, 2012 20:05 EST
WASHINGTON (Reuters) - Wanted: Skilled executives willing to take over large, failing U.S. financial firms at a moment's notice.
Jan 17, 2012 10:02 EST
WASHINGTON (Reuters) - Bank regulators on Tuesday are set to approve a plan for how banks with more than$10 billion in assets should conduct stress tests annually to determine whether they can withstand a financial shock.
Jan 17, 2012 08:11 EST
(Reuters) - The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.
Jan 13, 2012 15:34 EST
(Reuters) - Washington Mutual Inc <WAMUQ.PK> said on Friday it has won court approval to send its latest reorganization plan to creditors for a vote, and hopes to end its nearly 3-1/2-year-old bankruptcy by the end of February.
Jan 12, 2012 13:26 EST
WASHINGTON (Reuters) - While Wall Street giants fight to get regulators to loosen the broad trading restrictions of the Volcker rule, a bank that sits in the heart of California's high-tech corridor has mounted its own aggressive and more focused lobbying effort.
Dec 22, 2011 14:27 EST
WASHINGTON (Reuters) - Republicans in the House of Representatives are pressuring regulators to delay implementation of the controversial Volcker rule, which bans banks from trading with their own funds.
Dec 17, 2011 17:03 EST
WASHINGTON (Reuters) - Senate on Saturday postponed until next year decisions on whether to approve President Barack Obama's choices to lead agencies that oversee the implementation of the Dodd-Frank Wall Street reform law.
Dec 13, 2011 15:11 EST
(Reuters) - Three former executives of Washington Mutual Inc agreed to a $64 million settlement to resolve a government lawsuit over their role in the biggest bank failure in U.S. history.
Dec 13, 2011 12:01 EST
(Reuters) - Three former executives of Washington Mutual Inc have agreed to a payment of about $75 million to settle a lawsuit brought by the Federal Deposit Insurance Corp over their role in the biggest bank failure in U.S. history, two sources familiar with the talks said on Tuesday.
Dec 13, 2011 08:29 EST
(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings.
Dec 13, 2011 08:23 EST
WaMu settles dispute, eyes bankruptcy exit
Facts from the Wikipedia page:
|Federal Deposit Insurance Corporation|
|Formed||June 16, 1933|
|Jurisdiction||Federal government of the United States|
|Employees||5,381 (2009, Q1)|
|Agency executives||Sheila C. Bair, Chairman|
Martin J. Gruenberg, Vice Chairman