Sep 17, 2010 20:30 EDT
WASHINGTON (Reuters) - Bank regulators closed three small banks in Georgia, one in Wisconsin, one in Ohio and one in New Jersey, the U.S. Federal Deposit Insurance Corporation said on Friday.
Sep 12, 2010 15:48 EDT
Federal Reserve and other US banking regulators endorse new global capital standards for banks. The Federal Reserve and other major U.S. banking regulators are calling new global bank capital standards a "significant step forward in reducing the incidence and severity of future financial crises."
Sep 08, 2010 23:53 EDT
WASHINGTON (Reuters) - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
Sep 02, 2010 17:40 EDT
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.
Sep 02, 2010 13:50 EDT
Fed chairman says large banks must be shut down if they threaten the financial system. Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
Sep 01, 2010 19:31 EDT
Ex-Lehman CEO Fuld blames regulators for firm's collapse; regulators defend decision. The former chief of Lehman Brothers told a panel investigating the financial crisis that the Wall Street firm could have been rescued, but regulators refused to help ? even though they later bailed out other big banks.
Sep 01, 2010 15:46 EDT
WASHINGTON (Reuters) - Officials appeared to have made a policy decision not to bail out Lehman Brothers, the head of a panel investigating the financial crisis said on Wednesday, challenging the view of regulators that they had no legal authority to help.
Sep 01, 2010 08:09 EDT
WASHINGTON (Reuters) - U.S. regulators did not grant Lehman Brothers the same assistance as its competitors, knocking out the possibility of an orderly unwind of the firm and aggravating the global crisis, former Lehman Chief Executive Dick Fuld said on Wednesday.
Aug 31, 2010 15:14 EDT
Largest banks earn bulk of profits in Q2, while growing number of small banks fail, FDIC says. U.S. banks are making money again, although a split picture of the industry has emerged since the financial crisis.
Aug 31, 2010 14:46 EDT
WASHINGTON (Reuters) - The U.S. loan picture improved slightly during the second quarter, with the amount of loans 90 days or more past due declining for the first time in more than four years, bank regulators said on Tuesday.
Aug 31, 2010 13:28 EDT
The number of problem-ridden US banks rose to the highest levels in 17 years in the second quarter even as earnings in the sector as a whole showed improvement, regulators said Tuesday.
Aug 30, 2010 16:55 EDT
Bernanke to testify on 'too big to fail' banks at financial crisis inquiry panel this week. Federal Reserve Chairman Ben Bernanke will testify this week about his role in the bank bailouts that sent billions of taxpayer dollars to banks deemed "too big to fail."
Aug 30, 2010 16:43 EDT
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke and bank regulator Sheila Bair will testify this week before a panel exploring the causes of the financial crisis.
Aug 23, 2010 21:43 EDT
LONDON (Reuters) - Excessive bank leverage has had a disastrous effect on the economy, a top U.S. bank regulator said on Tuesday, defending a proposal by the Basel Committee to reshape the financial system and avoid another credit crisis.
Aug 12, 2010 16:26 EDT
WASHINGTON (Reuters) - Bank regulators on Thursday pledged an "open door" policy for carrying out financial reform, also saying they will inform the public of meetings between senior officials and private sector individuals.
Aug 10, 2010 16:32 EDT
Regulators take first step toward eliminating use of credit ratings in rules for banks. Federal regulators have taken a first step toward eliminating the use of credit ratings in rules for banks, under a mandate of the new financial overhaul law. The head of the Federal Deposit Insurance Corp. said Tuesday it won't be easy to come up with a replacement.
Jul 29, 2010 18:08 EDT
Top officials meet on new consumer protection agency; staff at 7 agencies may be transferred. High-level government officials met Thursday to discuss the new consumer protection agency established by the financial overhaul law, and employees at seven federal agencies are being told they may be transferred to work at it.
Jul 20, 2010 12:13 EDT
NEW YORK (Reuters) - Jason Ader, a former hot-shot casino industry analyst turned wealthy hedge fund manager, is rolling the dice, hoping to become a community banker in Las Vegas.
Jul 13, 2010 05:03 EDT
(Reuters) - Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they are struggling to cope with the BP oil spill, the Wall Street Journal said.
Jul 12, 2010 13:33 EDT
WASHINGTON (Reuters) - U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved on Monday.