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Latest Federal Deposit Insurance Corporation News

  • What the problem bank list isn't telling us 28 Aug 2008 17:00 GMT
    ... NEW YORK (CNNMoney.com) -- The government's latest assessment of the nation's financial system ... off as long as possible. Exactly how bank regulators determine which institution is worthy for ... regulators - which in addition to the FDIC include the Office of the Comptroller of ...

  • Abington Bancorp, Inc. Announces Quarterly Dividend 28 Aug 2008 16:37 GMT
    ... JENKINTOWN, PA -- (MARKET WIRE) -- 08/28/08 -- Abington Bancorp, Inc. (the "Company") (NASDAQ: ... Inc. is the holding company for Abington Bank. Abington Bank is a Pennsylvania-chartered, FDIC-insured savings bank which was originally organized in ...

  • Winchester man named banking commissioner 28 Aug 2008 16:35 GMT
    ... FRANKFORT — A longtime official in the Federal Deposit Insurance Corporation (FDIC), Charles A. Vice, of Winchester, has been ... Institutions. Vice, 40, has been an FDIC bank examiner for 18 years, serving the Lexington ...

  • German Chancellor is world's most powerful woman  28 Aug 2008 16:34 GMT
    ... year. Runner-up in the rankings was the little known Sheila Bair, head of the Federal Deposit Insurance Corporation (FDIC), the US agency that "maintains the stability and public confidence in the nation’s financial system ...

  • Strategic Capital Bank censured over 'unsafe' practices 28 Aug 2008 16:31 GMT
    ... CHAMPAIGN – Federal and state regulators have ordered Champaign-based Strategic Capital Bank to stop engaging in what they call ... houses by offering attractive interest rates. "The FDIC was not happy with the extent to ...

  • State regulators say banks not troubled 28 Aug 2008 16:29 GMT
    ... Aug 28, 2008 (The Times-Tribune - McClatchy-Tribune Information Services via COMTEX) -- While the ... spook depositors into a "run on the bank," withdrawing their money and making matters worse ... once high-flying peers. Bank officials expect the FDIC to increase the premiums it charges banks ...

  • Fastest rise for US GDP in last one year 28 Aug 2008 15:54 GMT
    ... By Jon Nadler Hurricane Gustav-driven fears propelled crude oil to near $120 ... heavy pressure amid the collapse of investment bank Bear Stearns, Reuters reported, citing the Nikkei ... alluded to a 30% increase in the FDIC's watch-list - there are now 117 banks ...

  • Indra Nooyi, Sonia Gandhi and Mayawati among world''s 100 most powerful women 28 Aug 2008 15:32 GMT
    ... Blair, the Chairman of the U. S.-based Federal Deposit Insurance Corporation. The first 25 of ... Kelly Chief executive and managing director, Westpac Bank Australia 12 Patricia A. Woertz Chairman, chief executive, ...

  • The Bank of New York Mellon Appointed Depositary Bank by Parana Banco S.A. 28 Aug 2008 14:28 GMT
    ... NEW YORK, Aug. 28 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE: ), the ... offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose ...

  • The Potential Funding Shortfall at the FDIC 28 Aug 2008 14:22 GMT
    ... In the earlier post we discussed the health of the institutions insured by the FDIC, now let's discuss the health of the ... see it through an expected wave of bank failures. Ms. Bair said the borrowing could ...

  • The FDIC's Quarterly Banking Profile, Q2 2008 28 Aug 2008 14:22 GMT
    ... Let's review some of the data points from the FDIC's latest quarterly banking profile for Q2 of ... than the spin you get from the bank's themselves, however it's still an aggregate measure ...

  • The Risk Of A Run On The Banking System 28 Aug 2008 13:35 GMT
    ... “The risk of a full scale run on U.S. banks … is all too real,” ... reserves of $53 billion (U.S.) to compensate bank customers for lost deposits in the event ... no more than $50 billion in the FDIC kitty, remarks Narayanan. According to FDIC estimates, ...

  • FDIC's 'troubled banks' list grows 28 Aug 2008 13:23 GMT
    ... -insured banks tumbled by more than 86 percent in the second quarter, while its ... a $31.8 billion decline, according to the FDIC. Also, the bank regulator's "problem list" grew to 117 banks ...

  • Problem banks multiply 28 Aug 2008 13:16 GMT
    ... NEW YORK (CNNMoney.com) -- The number of troubled banks on the government's watch ... number of firms on its so-called problem bank list grew to 117 during the second ... the problem list in the first quarter. FDIC Chairman Sheila Bair expressed little surprise at ...

  • FDIC boosts funding 28 Aug 2008 13:16 GMT
    ... NEW YORK (CNNMoney.com) -- The recent failure of IndyMac has sent the FDIC's insurance fund balance to its lowest levels ... months earlier, according to the FDIC's quarterly bank report, released Tuesday. The drop is due ...


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