FDIC Issues Rules on Stress Tests for $10B-Plus Banks
The Federal Deposit Insurance Corp. has issued its proposed rules for U.S. banks to self-administer “capital adequacy” stress tests in the case of future economic downturns or crises.
The tests will determine ...
FDIC: Bank Profits Surge, Less Put Aside for Credit Losses
U.S. banks earned a profit of $35.3 billion in the third quarter, an $11.5 billion increase from the $23.8 billion in net income reported a year ago, said the Federal Deposit Insurance Corp.
The FDIC-insured banks ...
FDIC Rule: Unlimited Insurance on Non-Interest Accounts
Beginning Dec. 31 of this year, federally-insured non-interest bearing transaction accounts will have unlimited deposit insurance coverage through Dec. 31, 2012, the Federal Deposit Insurance Corp. announced today.
The ...
Florida Bank is 119th U.S. Failure, But Closure Pace Slowing Down
Horizon Bank, of Bradenton, has become Florida’s 23rd bank failure this year – and the nation’s 119th – but September has, so far, seen the fewest closures of the year, according to data from the Federal ...
FDIC: ‘Problem’ List Grows – But Earnings Up, Charge-offs Down
Insured banking institutions reported earnings of $21.6 billion in the second quarter of 2010, up significantly from the year-ago loss of $4.4 billion and marks the highest quarterly earnings since third quarter ...
FDIC Vows ‘Open Door Policy’ on Reform Rule-Making
The Federal Deposit Insurance Corp., the insurer of Americans’ bank accounts, is promising an open door policy when it begins the arduous task of creating rules under the sweeping Wall Street reform law signed ...
Bank Failures Up 5 More to 108; Florida’s Tally at 20
Five more community banks from Florida, Georgia, Oregon and Washington have failed, siphoning nearly $335 million from the insurance fund of the Federal Deposit Insurance Corp. and pushing this year’s tally of ...
U.S. Bank Failures Pass 100 Faster Than Last Year
U.S. bank failures have passed the 100 mark, hitting a tally of 103 so far in 2010 with seven more closures – reaching that milestone more than two months faster than last year.
Regulators expect bank failures ...
Florida Bank Failures Up to 16; Total U.S. Closures Hit 96: FDIC
Five more U.S. banks have failed, bringing this year’s total to 96 – and Florida’s tally of closures jumped to 16, the hardest hit state, according to the Federal Deposit Insurance Corp.
The FDIC’s latest ...
FDIC Closes 4 Banks at a Cost of $160M – 90 Failures in 2010
Regulators closed down four banks – 1 each in Oklahoma and New York and 2 in Maryland – at a combined cost of nearly $160 million to the Federal Deposit Insurance Corp.’s insurance fund.
The four brings this ...
