Joe Adler

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.

Industry earnings soared to $18 billion in the first quarter, partly due to lower loan-loss provisions and, to a lesser extent, an increase in net interest income that resulted from an accounting rule change, the Federal Deposit Insurance Corp. said Thursday.

The administration's plan to spur small-business lending hit a big snag Tuesday as House Financial Services Committee Chairman Barney Frank acknowledged the program has no funding source.

Just days after the surprise passage of an amendment to regulate interchange, bankers are bracing for the possible addition of an even stronger measure that would hold them to the interest rate limit in the cardholder's state.

Despite aggressive efforts to stay alive, Midwest Bank and Trust was closed late Friday by Illinois regulators. The failure of the Chicago-area bank came on a night when the FDIC ...

Despite aggressive efforts to stay alive, Midwest Bank and Trust Co. was closed late Friday by Illinois regulators. The failure of the $3.2 billion-asset, Chicago-area bank came on a night when the Federal Deposit Insurance Corp. also found buyers for three other institutions, bringing the year's failure total to 72.