Joe Adler

As the distressed-asset market begins to stabilize, the Federal Deposit Insurance Corp. is shaking up the way it handles failed banks and their assets.

As the distressed-asset market begins to stabilize, the Federal Deposit Insurance Corp. is shaking up the way it handles failed banks and their assets.

Former staffer for Barney Frank draws his ire after taking a job with derivatives company; GOP Rep attacks Dodd, then apologizes; OTS loses a director; and more.

A special Federal Deposit Insurance Corp. committee will meet Thursday to discuss transaction savings products for low- and moderate-income customers.

President Obama signed legislation Tuesday that takes private lenders out of the business of making federal student loans.

Federal Deposit Insurance Corp. Chairman Sheila Bair on Monday reiterated support for charging large banks a fee to help fund future takeovers of systemically important institutions.

Congress put its final seal late Thursday on ending bank subsidies for student loans. After Senate passage earlier in the day, the House revoted to approve the budget reconciliation bill by a vote of 220-207.

The Federal Deposit Insurance Corp. confirmed Friday that it is no longer providing more than its standard 80% loss coverage to buyers of failed banks.

Economist regrets disparaging remark of chief Tarp watchdog, Elizabeth Warren; U.S. Chamber of Commerce under fire over anti-financial reform ads; and more.

WASHINGTON — Four more banks failed Friday night totaling $1.2 billion in assets and costing the Federal Deposit Insurance Corp. an estimated $320 million.

WASHINGTON — Four more banks failed Friday night totaling $1.2 billion in assets and costing the Federal Deposit Insurance Corp. an estimated $320 million.

The Senate approved sweeping student-loan reforms Thursday, including the elimination of subsidies for banks to make federal loans.

The Federal Deposit Insurance Corp. heard feedback Monday from private-equity players on the agency's controversial standards for failed-bank investments.

As Congress moves to enact a bill this week that would kill government subsidies for private student lenders, companies that relied on Uncle Sam must dramatically reposition themselves to stay competitive, observers said Monday.

Regulators closed seven banks Friday, including the largest bank subsidiary of bankrupt Advanta Corp. Resolving the banks, which held a combined $3.3 billion in assets, will cost the Federal Deposit Insurance Corp. $1.3 billion. The year's failure tally now stands at 37, or more than double the number at this point last year.

Regulators closed seven banks Friday, including the largest bank subsidiary of bankrupt Advanta Corp. Resolving the banks, which held a combined $3.3 billion in assets, will cost the Federal Deposit Insurance Corp. $1.3 billion. The year's failure tally now stands at 37, or more than double the number at this point last year.

Sen. Boehner admonished for "cheap shot"; Sen. Shelby's strategy to win back the Senate for the GOP? Divide up Texas; Bair falls short with the grammar-school set; and more.

Federal Deposit Insurance Corp. Chairman Sheila Bair opened the door Thursday to extending blanket deposit insurance coverage on business accounts, but disagreed with another regulator's push to count more loan-loss reserves as capital.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair said the agency is considering a further extension of its unlimited coverage for noninterest bearing checking accounts, which is currently due to expire June 30.

The federal bank agencies released final guidelines Wednesday urging better management of liquidity risk.