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Add the Wall Street Journal editorial board - of all people-- to the growing ranks of those calling for a restoration of barriers between commercial and investment banking. Full Article at Huffington Post
Southwest Bank has opted into the extension of the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program to extend deposit insurance beyond the typical $250,000 limit. Full Article at Dallas Business Journal
WASHINGTON - NOVEMBER 18: (L-R) Federal Deposit Insurance Corporation Chairman Sheila Bair, Small Business Administrator Karen Mills, Treasury Secretary Timothy Geithner, Senate Small Business and Entrepreneurship Chair Mary Landrieu (D-LA) and House C... View Photo »
It's a significant opportunity because they are able to acquire assets that have been backed-stopped by the FDIC (Federal Deposit Insurance Corporation), that means the losses are covered by the FDIC
East West Bancorp, Inc. Full Article at People's Daily Online
'We won't have a real market-based financial system until it is safe to let a financial firm fail," Federal Reserve Chairman Ben Bernanke said last week. Full Article at Wall Street Journal
NEW YORK: The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap. Full Article at Channel News Asia
WASHINGTON - NOVEMBER 18: Treasury Secretary Timothy Geithner (R) talks with Small Business Administrator Karen Mills during a small business forum with Federal Deposit Insurance Corporation Chair Sheila Bair at the Treasury Department November 18, 200... View Photo »
is one of three Minnesota banks that received cease-and-desist orders from the Federal Deposit Insurance Corporation last month telling them to modify lending practices and raise capital.
The Federal Deposit Insurance Corporation and the Florida Office of Financial Regulation have closed Fort Myers-based Commerce Bank of Southwest Florida. It's the 124th U.S. bank failure of 2009 and the 12th in the state of Florida this year. Full Article at Consumer Affairs
Another Southwest Florida bank was cashed out Friday. Regulators shut down Commerce Bank of Southwest Florida in Fort Myers, appointing the Federal Deposit Insurance Corporation as receiver. Full Article at Naples Daily News
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WASHINGTON - NOVEMBER 18: (L-R) Federal Deposit Insurance Corporation Chairman Sheila Bair, Small Business Administrator Karen Mills, Treasury Secretary Timothy Geithner, Senate Small Business and Entrepreneurship Chair Mary Landrieu (D-LA) and House Committee on Small Business Chair N...
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timothy Geithner (R) talks with Small Business Administrator Karen Mills during a small business forum with Federal Deposit Insurance Corporation Chair Sheila Bair at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: Federal Deposit Insurance Corporation Chairman Sheila Bair participates in a small business forum at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timothy Geithner (3rd L) delivers opening remarks with (L-R) Federal Deposit Insurance Corporation Chairman Sheila Bair, Small Business Administrator Karen Mills and Senate Small Business and Entrepreneurship Chair Mary Landrieu (D-LA) durin...
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timothy Geithner (R) listens to opening remarks by Federal Deposit Insurance Corporation Chairman Sheila Bair (L) and Small Business Administrator Karen Mills during a small business forum at the Treasury Department November 18, 2009 in Wash...
View Photo »FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington.
View Photo »A person uses an ATM machine at a branch of California National Bank of Los Angeles, one day after the Federal Deposit Insurance Corporation closed CalNational and eight smaller related banks, in Los Angeles Saturday, Oct. 31, 2009.
View Photo »An unidentified person enters a branch of California National Bank of Los Angeles, one day after the Federal Deposit Insurance Corporation closed CalNational and eight smaller related banks, in Los Angeles Saturday, Oct. 31, 2009.
View Photo »A person reads a notice on an ATM machine at a California National Bank of Los Angeles, one day after the Federal Deposit Insurance Corporation closed CalNational and eight smaller related banks, in Los Angeles Saturday, Oct. 31, 2009.
View Photo »Customers leave a branch of California National Bank of Los Angeles, one day after the Federal Deposit Insurance Corporation closed CalNational and eight smaller related banks, in Los Angeles Saturday, Oct. 31, 2009.
View Photo »A notice is posted on an ATM at a branch of California National Bank of Los Angeles, one day after the Federal Deposit Insurance Corporation closed CalNational and eight smaller related banks, in Los Angeles Saturday, Oct. 31, 2009.
View Photo »A notice hangs on the door as bank employees and people from the Federal Deposit Insurance Corp are seen inside a branch of California National Bank of Los Angeles, one day after the Federal Deposit Insurance Corporation closed CalNational and eight smaller related banks, in Los Angeles...
View Photo »WASHINGTON - OCTOBER 29: Sheila Bair (2R), Chairman of the Federal Deposit Insurance Corporation and John C. Dugan (R), Comptroller of the Office of the Comptroller of the Currency, leave with others after the second panel during a hearing of the House Financial Services Committee on C...
View Photo »WASHINGTON - OCTOBER 29: Edward L. Yingling, President and Chief Executive Officer of the American Bankers Association, listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: Richard Trumka, President of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: T. Timothy Ryan, President and Chief Executive Officer of the Securities Industry and Financial Markets Association, listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: Sheila Bair (C), Chairman of the Federal Deposit Insurance Corporation and John C. Dugan (R), Comptroller of the Office of the Comptroller of the Currency, leave with others after the second panel during a hearing of the House Financial Services Committee on Ca...
View Photo »WASHINGTON - OCTOBER 29: John C. Dugan, Comptroller of the Office of the Comptroller of the Currency, speaks with reporters after a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: Richard Trumka, President of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: Sheila Bair, Chairman, Federal Deposit Insurance Corporation, listens to an aid during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: (L to R) Sheila Bair, Chairman of the Federal Deposit Insurance Corporation, John C. Dugan, Comptroller of the Office of the Comptroller of the Currency, Daniel K. Tarullo, Federal Reserve Governor, John E. Bowman, Acting Director, Office of Thrift Supervision,...
View Photo »WASHINGTON - OCTOBER 29: Daniel K. Tarullo, Federal Reserve Governor, speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner arrives for a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner (R) speaks with a congressman before a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timothy Geithner (R) talks with Small Business Administrator Karen Mills during a small business forum with Federal Deposit Insurance Corporation Chair Sheila Bair at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »It's a significant opportunity because they are able to acquire assets that have been backed-stopped by the FDIC (Federal Deposit Insurance Corporation), that means the losses are covered by the FDIC
is one of three Minnesota banks that received cease-and-desist orders from the Federal Deposit Insurance Corporation last month telling them to modify lending practices and raise capital.
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