Boehner: Reform Would Not Have Prevented Trade Losses
U.S. House of Representatives Speaker John Boehner has struck a sharp contrast between the GOP perspective on Wall Street reform and that of President Obama.
Even fully implemented financial reform would not have ...
Obama: Other Banks Can’t Handle JPMorgan-Type Losses
President Obama used JPMorgan Chase’s multi-billion-dollar trading loss to illustrate the need to proceed with “living wills” to wind down failing institutions that could harm the economy.
Obama urged Congress ...
Banks See 10th Straight Quarter of Profit Increases: FDIC
In the fourth quarter 2011, federally insured banks saw their 10th consecutive quarter with a year-over-year increase in profits, according to the Federal Deposit Insurance Corporation.
The banking industry is now ...
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 ...
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