The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly ...
Nation's banking woes offer fertile expansion ground for Louisiana-based Iberiabank Corp. A Louisiana banking company sees the worst rash of bank failures in ...
NEW YORK (Reuters) - U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns. Any charges are much more likely to hurt regional and community banks, than the largest U.S. ...
US banks prepaying about $45 billion in premiums to replenish insurance fund in new FDIC plan U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted Thursday by ...
FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington. U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the ...
WASHINGTON (Reuters) - A Senate proposal to create a federal super cop to police banks faces formidable opposition from the industry, current regulators and a senior House lawmaker who recently blasted the idea. Christopher Dodd, chairman of the Senate Banking Committee, unveiled ...
FDIC's Bair says big banks aren't lending enough, using 'carry trade' to make money The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another ...
Watchdog finds FDIC didn't finish background checks for contractors working on failed banks The Federal Deposit Insurance Corp. has sometimes failed to complete background checks for contractors hired to help with its mounting workload of failed banks, the agency watchdog has found. ...
WASHINGTON/NEW YORK (Reuters) - A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, a top U.S. bank regulator said on Tuesday. Sheila Bair, chairman of the Federal ...
California bank with Chinese ties is 120th to fail The Federal Deposit Insurance Corporation says five more U.S. banks failed last week, including United Commercial Bank, a San Francisco-based institution with assets totaling more than $11 billion. The 2009 toll has now ...
WASHINGTON (Reuters) - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year. The Federal Deposit Insurance Corp said Gateway Bank of ...
WASHINGTON (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the ...
