Reform reading: Senator asks Fed for details of loans to rich investors, tax haven funds

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "deposit insurance fund":

"… llapseThe collapse of Michigan’s CF Bancorp, which will cost the federal deposit insurance fund $535.7 million, is due to the bank’s purchase of collateralized mortgage …"

"… red by the Dodd-Frank law to analyze each bank failure costing the federal deposit insurance fund more than $200 million, and reports typically lay most of the blame on agg …"

"… of September, the highest number since 1993. The deficit in the agency’s deposit insurance fund improved to a negative $8 billion, an improvement from negative $15.2 bill …"

Recent bank closings reflect old trends

By Jeremy Borden

The abandoned cranes and empty Caterpillars say it all: U.S. commercial real estate development is crawling or at a standstill. The paralyz

Excerpts from this story referencing "deposit insurance fund":

"… commercial real estate. The failed bank is estimated to cost the FDIC’s deposit insurance fund $58.9 million.ShoreBank in Chicago, was shut on August 20. Urban Partnersh …"

"… ive loans to low-income communities and philanthropic causes. The FDIC’s deposit insurance fund is expected to take $367.7 million hit.Crescent Bank and Trust Co. in Jasp …"

"… onstruction and commercial real estate. The FDIC estimates the cost to the deposit insurance fund will be $242.4 million.1st American State Bank of Minnesota of Hancock, Mi …"

"… loans and leases all led to the bank’s demise. The cost to the FDIC’s deposit insurance fund was estimated at $3.1 million.San Joaquin Bank in Bakersfield, Calif., clo …"

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 "deposit insurance fund":

"… han the SEC. As the federal receiver for failed banks, the agency uses its deposit insurance fund to backstop the cost of bank failures. And that fund is in the hole to the …"

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Most contract awards posted on Pentagon Website omit key information

By Julie Vorman

Most of the contract awards announced each day on the Pentagon’s public website are missing some of the information required about dollar am

Excerpts from this story referencing "deposit insurance fund":

"… sets sold from failed banks, a process that affects losses to the FDIC’s deposit insurance fund. (GAO)* SEC was lenient last year in punishing Bank of America for conceal …"

Subprime loans may have sunk BankUnited FSB

By Laura Cheek

On May 21, BankUnited FSB became the 34th federally insured institution to be taken over by regulators this year. The takeover will put anot

Excerpts from this story referencing "deposit insurance fund":

"… lators this year. The takeover will put another major dent in the FDIC’s deposit insurance fund, with estimated costs running a cool $4.9 billion. The BankUnited takeover …"

How one bank failure illustrates lapses by regulators

By Keith Epstein

Overseers of Florida Bank noted risky lending, but failed to act

Excerpts from this story referencing "deposit insurance fund":

"… en the bank finally collapsed last year it cost the federal government’s deposit insurance fund $100 million. That is a tiny fraction of the fallout from big bank failure …"