Joe Adler

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.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

The amendment by Sen. Richard Durbin, D-Ill., has been steadily attracting support but was attacked this week by a range of groups, including community bankers and credit unions, who argued it threatens their ability to issue debit cards.

While the Senate continues to debate the regulatory reform bill, the Federal Deposit Insurance Corp. moved forward Tuesday on two issues designed to prevent the next crisis.

WASHINGTON — The Federal Deposit Insurance Corp. will take another stab today at imposing checks on securitization. The agency is expected to issue another proposal that would restrict its safe harbor for securitized assets, five months after its first attempt, during which the Securities and Exchange Commission weighed in with a plan of its own.

WASHINGTON — The haywire politics of 2010 has upended prospects for industrial loan companies and the GOP's future leadership on the Senate Banking Committee.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. sought input Friday on ways to structure checking and savings products for low- and moderate-income customers.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

A crisis in crisis-metaphor-making; a conversation with the CUNA's incoming chief; an Onion scoop on CEO pay.

WASHINGTON — The Senate voted 98 to 0 on Thursday to approve an amendment championed by community bankers that would base deposit insurance premiums on assets instead of deposits.

Community bankers are close to winning a key change to the Senate regulatory reform bill that would require the government to base deposit insurance rates on assets instead of domestic deposits.

Regulators closed $3.5 billion-asset Frontier Bank in Everett, Wash., and three other smaller banks in the Midwest to bring the year’s failure total to 64.

WASHINGTON — Regulators closed $3.5 billion-asset Frontier Bank in Everett, Wash., and three other smaller banks in the Midwest to bring the year’s failure total to 64.

The collapse last week of three of Puerto Rico's 10 banks significantly consolidated the commonwealth's banking system and marked one of the most complicated days in the history of the Federal Deposit Insurance Corp.