Joe Adler

Financial firms that share syndicated loans worth $20 million or more have seen their losses ease from such commitments, according to an annual government review released Tuesday.

The FDIC unexpectedly delayed the release of an interim rule to create a resolution system for the largest, most-connected banks and nonbanks.

Two failures on opposite coasts Friday evening brought the year's toll to 127. Florida regulators closed the $148 million-asset Haven Trust Bank in Ponte Vedra Beach. Later, the $289 million-asset North County Bank in Arlington, Wash., was shuttered.

The FDIC is set to begin a Herculean task: creating a resolution procedure for large, systemically important firms that improves on the bankruptcy process.

The FDIC is set to begin a Herculean task: creating a resolution procedure for large, systemically important firms that improves on the bankruptcy process.

WASHINGTON — Florida suffered yet another failure Friday as regulators closed $148 million-asset Haven Trust Bank in Ponte Vedra Beach.

The Federal Deposit Insurance Corp. will officially begin implementing its new resolution authority for systemically important firms on Monday. The FDIC's board will consider an interim rule "implementing certain orderly liquidation authority provisions" of the Dodd-Frank law, the agency said. The board is also expected to consider rules on restrictions for securitized assets and implementing deposit insurance coverage provisions for transaction accounts.

Banker-hate takes its toll on would-be gubernatorial candidate and former JPMorgan Chase exec Rick Lazio; role of Tim Geithner cast in financial crisis flick; and more.

The FDIC is soliciting the banking industry's help in devising a new resolution system — even as companies try to get an idea of what the new system will look like.

The FDIC is soliciting the banking industry's help in devising a new resolution system -- even as companies try to get an idea of what the new system will look like.

The lone failure over the last three weeks may have offered a respite from the usual series of collapses on Friday nights, but most observers caution against predictions that bank closures may be slowing.

The Federal Deposit Insurance Corp. issued guidance Wednesday cautioning banks supervised by the agency about sensitive customer data stored on photocopiers and other office products.

Federal Deposit Insurance Corp. Chairman Sheila Bair said Wednesday that the Basel Committee on Banking Supervision's new capital plan should have been tougher.

A senior regulator said banks must better align capital buffers with commercial real estate concentrations, and he recommended a smaller role for auditors in setting loan-loss reserves.

It was another light Friday for the Federal Deposit Insurance Corp. Following two weeks with no bank failures, the FDIC was called in to resolve just one collapse Friday evening, that of the $188 million-asset Horizon Bank in Bradenton, Fla. The failure, the 119th this year and the 23rd in Florida, was estimated to cost the FDIC nearly $59 million.

It was another light Friday for the Federal Deposit Insurance Corp. Following two weeks with no bank failures, the FDIC was called in to resolve just one collapse Friday evening, that of the $188 million-asset Horizon Bank in Bradenton, Fla. The failure, the 119th this year and the 23rd in Florida, was estimated to cost the FDIC nearly $59 million.

Federal Deposit Insurance Corp. Chairman Sheila Bair said policymakers should do even more to bolster mortgage underwriting.

The Federal Deposit Insurance Corp. will hold six phone seminars starting Sept. 23 for bank officers and employees about deposit insurance coverage.

WASHINGTON — Despite another encouraging quarter for banks, highlighted by relatively high profits and lower loan-loss reserves, Federal Deposit Insurance Corp. officials said uncertainty about the broader economy is keeping lending depressed.

Banks and thrifts had their best performance in almost three years during the second quarter, earning $21.6 billion, a 16% jump from a quarter earlier, the Federal Deposit Insurance Corp. said Tuesday.