FDIC slow to pursue failed bank directors, recover tax dollars

By Ben Hallman

With the FDIC struggling to manage huge losses to its insurance fund, critics say the agency should do more to hold executives of failed ban

Excerpts from this story referencing "Associated Press":

"… e spirit of the law as well," Murphy said in a statement, according to the Associated Press. Murphy could not be reached by the Center for comment. The failure of FD …"

Pentagon improves security clearance process but focus on quality still needed, report says

By Laurel Adams

After falling behind timelines to complete security clearances for years, the Pentagon has finally caught up, but concerns with the quality

Excerpts from this story referencing "FDIC":

"… gages back on their books. (Congressional Oversight Panel)* A long-awaited FDIC report on the Broadway Bank in Chicago attributes the bank’s failure to …"

"… e report to be completed prior to Election Day. Giannoulias was defeated. (FDIC)HEALTH CARE* The inspector general for the Department of Health and Human …"

Need financial advice? Feds have 50 different financial literacy programs

By Laurel Adams

GAO counts more than 50 financial literacy programs across 20 agency, creating confusion and duplication

Excerpts from this story referencing "FDIC":

"… rategies is almost non-existent, GAO said. Some federal programs, like the FDIC’s Money Smart, include an evaluation component as part of the program, b …"

Advertisement

Investigative Reporting Workshop launches BankTracker

By Josh Israel

Want to know what kind of financial shape your local bank is in? The answer may well be in BankTracker, a project that has just been launche

Excerpts from this story referencing "FDIC":

"… 100 billion in 2007. That total declined to $16 billion last year, and the FDIC reported that banks, as a group, lost money in the fourth quarter of 2008, …"

Work underway on Dodd-Frank exec pay rules

By Jeremy Borden

New federal rules are on track to oversee bank executives’ pay packages and discourage them from taking unnecessary risks for short-term pay

Excerpts from this story referencing "FDIC":

"… y Chairman Barney Frank, D-Mass, called in representatives of the Fed, the FDIC, and the SEC to testify today about their progress.(They testified about t …"

"… . Strangely, fewer journalists were as interested in financial reform.)The FDIC is focusing on requiring big banks to defer a portion of a senior exec’s …"

"… or her activities that form the basis of the award,” said Marc Steckel, FDIC’s associate director of insurance and research.Frank and some other lawm …"

WaMu bank executives aware of rampant fraud

By David Heath

WaMu bank executives aware of rampant fraud but failed to act

Excerpts from this story referencing "FDIC":

"… . But WaMu had $188 billion in assets and regulators risked wiping out the FDIC’s $45 billion insurance pool it they hadn’t stepped in, a committee ai …"

Advertisement

WaMu examiner sheds new light on bankruptcy, criticizes FDIC for lack of cooperation

Joshua Hochberg's report on the fall of Washington Mutual discloses no Lehman-like allegations of accounting chicanery, nor does it establis

Excerpts from this story referencing "FDIC":

"… from the Office of Thrift Supervision, WaMu’s primary regulator, and the FDIC told the board of directors that WaMu’s prospects were dim. Loan losses …"

"… have merged with JPMorgan in March, when it had the opportunity to do so. FDIC chairman Sheila Bair later expressed surprise to Killenger that Paulson wo …"

"… xpressed satisfaction with WaMu’s financial condition, the examiner said.FDIC urges WaMu to find buyer in SeptemberIn early September, the WaMu board of …"

"… s replaced Killenger with Alan Fishman. A few days later, Fishman met with FDIC’s Bair, who gave him some chilling news. Bair said that there was an unr …"

FDIC sits on potential 50 lawsuits as it tries to reach settlements

In the more than two years since Lehman Brothers went bust, the Federal Deposit Insurance Corp. has shuttered more than 250 banks, but has s

Excerpts from this story referencing "FDIC":

"… led banks in 2010 to 129. As Financial Reform Watch recently reported, the FDIC considers another 829 banks “troubled.”And yet, despite extensive evid …"

"… unqualified borrowers, and that these same loans later sank the banks, the FDIC so far has sued executives from just one financial institution: IndyMac.Wh …"

"… back on filing them while settlement talks with the executives proceed.The FDIC’s tactics here are par for the course for Washington regulators. The Sec …"

"… ard by the lawsuit—the Wall Street giant didn’t know it was coming.The FDIC doesn’t appear to have gotten the get-tough memo.To be fair, the agency …"

FDIC wants bank execs to wait three years for entire bonus

By Julie Vorman

If the Federal Deposit Insurance Corp’s new executive pay proposal is adopted, top U.S. bankers will have to wait at least three years to co

Excerpts from this story referencing "FDIC":

"… sation plans that encourage too much risky behavior by top executives. The FDIC’s plan would require banks with $50 billion or more in assets to defer p …"

"… mediately recognize and assess risks for the organization as a whole," the FDIC said. "Furthermore, in enacting the Dodd-Frank Act,Congress recognized tha …"

"… ral Register, which will start the 45-day clock for public comments on the FDIC plan.Watch for lots of banks to weigh in with e-mails and lobbying to defe …"

Bank lobbyists plead to delay derivatives, FDIC fee rules

By Julie Vorman

A fundamental principle of Lobbying 101 is that when a regulatory issue isn’t going your way, ask for more time. So it’s not surprising to s

Excerpts from this story referencing "FDIC":

"… for comments on the agency’s plan to link the fees that banks pay to the FDIC to insure customer deposits to total bank assets, replacing the current pr …"

"… rly fee for its deposit insurance beginning on June 30, 2011, based on the FDIC proposal.“Because of the complexities of the proposed large bank risk ba …"

"… to review and comment on this proposal,” the ABA said in a letter to the FDIC.ABA lobbyists have also joined forces with the Financial Services Roundtab …"

Pages