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Regulator to Help IndyMac Mortgage Borrowers
By Karey Wutkowski WASHINGTON (Reuters) - Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac IDMC may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators. The Federal Deposit Insurance Corp, which seized...
Delinquencies For 2007 Mortgages Outpacing 2006: Report
NEW YORK (Reuters) - Delinquencies of prime mortgages originated in 2007 are outpacing those made in 2006, suggesting the U.S. housing and financial crisis may be deeper than initial estimates, the Wall Street Journal said on Thursday. Citing an analysis prepared for the...
Small Florida Bank is 8th U.S. Failure This Year
WASHINGTON (Reuters) - Bank regulators closed a small Florida-based bank on Friday, the eighth U.S. bank to fail this year under pressure from a weak economy and a credit crisis precipitated by falling home prices. The Federal Deposit Insurance Corp said First Priority...
U.S. Regulators Seize Two More Banks
By John Poirier WASHINGTON (Reuters UK) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch. Two weeks after the...
U.S. Regulators Seize Two More Banks, Engineer Sale
By John Poirier WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch. Two weeks...
CapitalSource Receives FDIC Approvals
CHEVY CHASE, Md., June 17 /PRNewswire-FirstCall/ -- CapitalSource Inc. today announced that its applications for (1) Federal deposit insurance for CapitalSource Bank, (2) the purchase of certain assets and assumption of certain liabilities from Fremont Investment & Loan ("FIL"), and (3) the establishment of 22 of FIL's branches...
FDIC Celebrates 75 Years as Pillar of American Banking System
Reminds Americans That No Depositor Has Ever Lost a Penny of Insured Funds
First Bank of Delaware FDIC Administrative Action
WILMINGTON, Del., June 11 /PRNewswire-FirstCall/ -- First Bank of Delaware (BULLETIN BOARD: FBOD) has received a notice from the Federal Deposit Insurance Corporation, or "FDIC," commencing an administrative action relating certain consumer loan and credit card programs which have been offered by the Bank for years. We...
CompuCredit Comments on Anticipated FTC and FDIC Allegations
ATLANTA -- CompuCredit Corporation (NASDAQ: CCRT) issued the following statement in anticipation of actions by the U.S. Federal Trade Commission FTC and the Federal Deposit Insurance Corporation FDIC related to the Company's past credit card marketing practices.
CompuCredit Comments on FTC and FDIC Allegations
ATLANTA, June 10 /PRNewswire-FirstCall/ -- CompuCredit Corporation issued the following statement in response to actions by the U.S. Federal Trade Commission FTC and the Federal Deposit Insurance Corporation FDIC related to the Company's past credit card marketing practices.
FDIC Banking Profile Finds Bad News Everywhere
Not that anyone expected otherwise, but the recently issued Quarterly Banking Profile from the FDIC is a banker's dozen of bummers (that's 11 rather than 12 -- interest taken out beforehand). The worst news for the first quarter of 2008 is that bank profits are down 46 percent to $19.3...
FDIC initiative coming to Rochester
The Alliance for Economic Inclusion AEI, an initiative from The Federal Deposit Insurance Corp. FDIC recently started a pilot program in Rochester to improve the economic well-being of low- and moderate-income individuals and families.
EMCOR Group, Inc. Business Receives FDIC Headquarters Facilities Management Contract
NORWALK, Conn. -- EMCOR Group, Inc. (NYSE: EME), a Fortune 500[R] leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its EMCOR Government Services unit has been awarded a consolidated facilities management contract for the Federal Deposit Insurance Corporation's FDIC...
Media Advisory: Representatives From the SEC, FDIC and XBRL US to Discuss XBRL in Series of Informational Webinars
The use of XBRL software is rapidly accelerating driven in large part by the adoption of XBRL as a reporting standard by leading regulatory agencies. The US FDIC and many European Union Central Banks, under Basel II, have adopted XBRL as their required standard for reporting banks -- and...
Operation HOPE Joins FDIC Chair to Launch New Young Adult Financial Literacy Curriculum as Money Smart Program Surpasses Milestone
Financial literacy and empowerment leader, Operation HOPE HOPE today joined with Federal Deposit Insurance Corporation FDIC to announce their historic partnership to empower young adults through the delivery of FDIC's new Money Smart for Young Adults curriculum. HOPE serves as FDIC's lead partner. The organization joined FDIC officials and...
FDIC reports banks $105B earnings lowest in 16 years
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation FDIC reported net income of $105.5 billion in 2007, a decline of $39.8 billion (27.4 percent) from the record $145.2 billion that the industry earned in 2006.
Test the Limits of FDIC Coverage.(Federal Deposit Insurance Corp)
RETIREES WITH a sizable nest egg should pay attention to the limits of bank assets that are covered by FDIC insurance. The good news is you likely can cover more than you think you can. RETIREES WITH a sizable nest egg should pay attention...
In Connection to an Audit for the Period 2006 Related to BSA Violations That Had Initially Occurred in 2005, Doral Financial and the FDIC Jointly Entered into a C&D Order with Its Principal Subsidiary Doral Bank, Puerto Rico
Findings initially occurred in the period prior to the Company's change in management, recapitalization and replacement of the Board of Directors
FDIC Revises IT Questionnaire
BANK EXAMINATIONS
Doral Financial Announces That the FDIC Lifted the Cease and Desist Order with Doral Bank Puerto Rico
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that the Federal Deposit Insurance Corporation FDIC terminated the Order to Cease and Desist with its principal banking subsidiary, Doral Bank Puerto Rico. The order, dated March 16, 2006, related to financial safety...
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FDIC Company Info
NAICS Code
Public Finance Activities: 921130
