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More than one-quarter of New York state commercial banks were unprofitable during the third quarter of 2009, according to data released this week by the Federal Deposit Insurance Corp. Full Article at Albany Business Journal
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is opting out of a federal program meant to temporarily guarantee funds held in certain noninterest-bearing transaction accounts. Full Article at Business First of Buffalo
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Senate Banking Committee Chairman Christopher Dodd (D., Conn.) seeks to create a new agency to supervise all federally chartered financial institutions, taking powers away from the Fed and the Federal Deposit Insurance Corp., among other agencies. Mr. Dodd's proposal aims to narrow the central bank's pu...
SOURCE: Remembrance in Spacetime -
U.S. Bank said Wednesday it’s seeking buyers for three Texas banks it recently bought from Federal Deposit Insurance Corp. as part of a larger transaction. Full Article at Business Journal of Milwaukee
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Federal regulators say banks with Nevada charters continued to struggle in the third quarter. Full Article at San Francisco Chronicle
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FDIC: Number of problem banks up 32 percent: The number of institutions on the Federal Deposit Insurance Corp.’s “problem list” increased 32 percent during the third quarter to 552 banks, the highest level in 16 years as troubled loans continued to... Full Article at MinnPost.com
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Any 'healthy bank' receiving TARP funds should not feel like it will get special treatment from the FDIC [Federal Deposit Insurance Corp.] because taxpayers are preferred stockholders. I would not be surprised if many more TARP recipient banks were pushed into receivership by the FDIC in the coming mont...
SOURCE: The Street -
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This year’s wave of bank failures has pushed the federal deposit insurance fund into the red, the Federal Deposit Insurance Corp. says. The agency reports a deficit of $8.2 billion at the end of the third quarter. Full Article at Charlotte Business Journal
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The negative balance was expected. The Federal Deposit Insurance Corp. said in October the fund was in jeopardy. Full Article at TechWeb
About Federal Deposit Insurance Corp.
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