WASHINGTON (Reuters) -- The Federal Deposit Insurance Corp. said Tuesday it is phasing out a program to guarantee certain bank debt and approved surcharges to replenish the agency's deposit insurance fund until the program ends. It also voted to extend the ...Read More
Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults. The Federal Deposit Insurance Corp. took over the small bank in Fort ...Read More
Regulators shut Fort Myers bank Florida banking regulators have shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults. The Federal Deposit Insurance Corp. took over the ...Read More
Banking regulators seized Commerce Bank of Southwest Florida and sold the tiny Fort Myers bank to Central Bank, of Stillwater, Minn., marking the 124th U.S. bank to fail during 2009 and the 12th in Florida. The sole branch of Commerce Bank ...Read More
WASHINGTON -- Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults. The Federal Deposit Insurance Corp. took over the small bank ...Read More
WASHINGTON (Reuters) - The tally of U.S. bank failures reached 124 so far this year as regulators seized a small Florida bank on Friday. The Federal Deposit Insurance Corp said Commerce Bank of Southwest Florida, based in Fort Myers, Florida, was ...Read More
BRUSSELS, Nov 20 (Reuters) - The European Commission approved on Friday a revised Irish government guarantee scheme for financial institutions that extends the maturity of instruments covered by the plan to five years from two years. 'The new guarantee excludes subordinated ...Read More
NEW YORK (Reuters) - Breaking up the biggest U.S. banks is not a practical solution to addressing the "too big to fail" problem, Merrill Lynch's former chief executive, John Thain, said on Tuesday.
Thain said he favors creating a federal fund ...Read More
Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades. The Federal Deposit Insurance Corp. took ...Read More
NEW YORK (AP) - Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades. The Federal ...Read More
NEW YORK—Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades. The Federal Deposit Insurance Corp. ...Read More
Regulators on Friday shut down two Florida banks, boosting to 122 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades. The Federal Deposit Insurance Corp. took over Orion Bank, based in ...Read More
* Bair says bank capital injections stoked public outrage * Says wishes had deterred Treasury from investments * Says government stakes still causing troubles (Adds comments by Bair, other details) WASHINGTON, Nov 13 (Reuters) - Leading U.S. bank regulatorSheila Bair ...Read More
NEW YORK (CNNMoney.com) -- Two Florida banks failed Friday night, bring the 2009 national tally to 122 when regulators closed Century Bank in Sarasota, Fla. and Orion Bank in Naples, Fla. Customers of both failed bank are protected, however. The Federal ...Read More
WASHINGTON (Reuters) - Leading U.S. bank regulator Sheila Bair said on Friday that the government's capital injections into the largest banks was "probably not a good thing."
Bair, the chairman of the Federal Deposit Insurance Corp, said the billions of dollars ...Read More
Nov. 13 (Bloomberg) -- Federal Deposit Insurance Corp.Chairman Sheila Bair said using the Troubled Asset ReliefProgram to inject capital into struggling banks was “not a goodidea” and helped erode confidence in the regulatory system.
“I just see all the problems it’s ...Read More
FDIC approves early payments 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 federal regulators. The Federal Deposit Insurance Corp. board voted to mandate the ...Read More
