Joe Adler

The government announced a massive indictment Wednesday against the former head of Taylor, Bean & Whitaker, alleging a widespread fraud of nearly $2 billion that, officials said, helped trigger the biggest bank failure of 2009.

WASHINGTON — Lawmakers unexpectedly added an overhaul of the deposit insurance system to the final regulatory reform legislation on Tuesday, adding sweeping provisions that were not part of either the House or Senate revamp bills.

A fight is brewing over which agency should replace the soon-to-be-eliminated Office of Thrift Supervision on the board of the Federal Deposit Insurance Corp. While the House regulatory reform bill would give that seat to the Federal Reserve Board, the Senate's version would assign it to the proposed consumer protection bureau.

A fight is brewing over which agency should replace the soon-to-be-eliminated Office of Thrift Supervision on the board of the Federal Deposit Insurance Corp. While the House regulatory reform bill would give that seat to the Federal Reserve Board, the Senate's version would assign it to the proposed consumer protection bureau.

WASHINGTON — Industry groups continued their full-court press Wednesday to keep an interchange provision out of the final regulatory reform bill, but whether they could succeed was an open question.

Legislation to retroactively extend deposit insurance coverage of $250,000 per account at all banks that failed in 2008 is gaining ground, and could even be folded into the financial reform bill.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair called on policymakers to review decades of housing policy that pushed homeownership to "unsustainable" levels while providing far fewer resources for rental housing.

Sen. Richard Durbin's interchange amendment specifies that the Federal Reserve Board would draw up regulations limiting debit fees, but many observers agree the new consumer protection regulator — not the Fed — could end up with the ultimate authority over the rules.

Five more banks failed Friday — including the subsidiaries of Bank of Florida Corp. — costing the government an additional $317 million.

Five more banks failed Friday – including the subsidiaries of Bank of Florida Corp. – costing the government an additional $317 million.

State regulators Friday closed the three institutions owned by $1.5 billion-asset Bank of Florida Corp. in Naples.

WASHINGTON — Even if lawmakers sign off as expected on a final regulatory reform bill before the July 4 recess, the battle over the legislation will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

WASHINGTON — Even if lawmakers sign off as expected on a final regulatory reform bill before the July 4 recess, the battle over the legislation will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

The Federal Deposit Insurance Corp. and a Chinese regulator agreed to conduct better coordination in their resolution functions following the November failure of a bank with operations in China.

WASHINGTON — Though some lawmakers had hoped to address a permanent increase in the deposit insurance limit in the regulatory reform bill, it now appears likely that the issue will once again be kicked down the road.

The Federal Deposit Insurance Corp. announced a $233 million bond sale Monday to help lessen failure costs.

Dodd, Frank promise to reconcile reg reform in the open; protesters cross a line when 15-year-old son of B of A exec becomes target; yet another positive sign from QBP.

The FDIC said Coulee Bank in La Crosse, Wisc., will acquire the operations of the $61 million-asset, state-chartered Pinehurst Bank in St. Paul, Minn.

The FDIC said Coulee Bank in La Crosse, Wisc., will acquire the operations of the $61 million-asset, state-chartered Pinehurst Bank in St. Paul, Minn.

WASHINGTON — After a string of quarters marked by bad loans and tepid earnings, the Federal Deposit Insurance Corp. shared some genuinely upbeat news Thursday, suggesting the industry is headed toward recovery.