Joe Adler is the former Washington Bureau Chief of American Banker.
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A Federal Deposit Insurance Corp. plan to restrict securitizations is drawing intense opposition from bankers, who claim it would damage the secondary market. In a December proposal, the agency said it was considering imposing conditions to protect securitized assets from FDIC seizure after a bank failure, including a "skin in the game" requirement, a minimum hold period for underlying loans and limits on the number of tranches.
February 26 -
WASHINGTON — The worst of the financial crisis has passed for most institutions, but new Federal Deposit Insurance Corp. data shows aftershocks are still being felt.
February 23 -
The number of troubled institutions jumped 27% during the fourth quarter, to 702, the Federal Deposit Insurance Corp. said Tuesday.
February 23 -
As Congress continues to work on a resolution regime for systemically important institutions, a parallel debate is emerging over whether such cleanups should be global efforts.
February 22 -
Promontory Interfinancial Network, already known for providing coverage through its certificate of deposit network, is set to announce today that it plans a May launch for a product to protect a customer's liquid funds.
February 22 - Illinois
WASHINGTON — Four failures late Friday cost the government an additional $1 billion.Among the closings, which brought the year's total to 20, was that of $3.6 billion-asset La Jolla Bank in La Jolla, Calif. The Federal Deposit Insurance Corp. sold La Jolla's operations to OneWest Bank in Pasadena in the second recent deal for the buyers of the failed IndyMac Bank.
February 21 -
WASHINGTON — Four failures late Friday cost the government an additional $1 billion.Among the closings, which brought the year's total to 20, was that of $3.6 billion-asset La Jolla Bank in La Jolla, Calif. The Federal Deposit Insurance Corp. sold La Jolla's operations to OneWest Bank in Pasadena in the second recent deal for the buyers of the failed IndyMac Bank.
February 19 -
As he provides lawmakers with continuing education about the Federal Deposit Insurance Corp., he finds it is hard at times not to be an advocate for an agency that has much to gain — or lose — during the financial reform debate.
February 16 -
The FDIC suffered a rare court defeat Tuesday as a federal judge sided with a bank that had challenged an enforcement order, saying the agency misused its authority.
February 16 -
WASHINGTON — The Federal Deposit Insurance Corp. issued a sharp rebuke Friday of an Internet video alleging the agency has let the new owners of failed IndyMac Bank unduly profit from the deal.
February 15 -
WASHINGTON -- The Federal Deposit Insurance Corp. issued a sharp rebuke Friday of an Internet video alleging the agency has let the new owners of failed IndyMac Bank unduly profit from the deal.
February 12 -
A Miami home builder said late Wednesday that it had bought a piece of $3 billion in failed-bank loans in another deal featuring Federal Deposit Insurance Corp. financing.
February 11 -
A securitization trade group Wednesday applauded recent remarks by Comptroller of the Currency John Dugan calling into question "skin-in-the-game" risk-retention proposals.
February 10 -
Former Citi CEO John Reed's Nixon-to-China moment; two CU trade groups, two flavors of disappointment on Obama's small biz plan; anti-money-laundering guru moves on ...
February 5 -
The FDIC said Community Development Bank would take over operations of 1st American State Bank, which late Friday became the third institution closed in Minnesota this year.
February 5 -
The FDIC said Community Development Bank would take over operations of 1st American State Bank, which late Friday became the third institution closed in Minnesota this year.
February 5 -
Though President Obama began a concerted push this week to encourage bankers to boost lending to small businesses, some are wondering if the government will come to regret trying to force the issue.
February 4 -
WASHINGTON — Though lawmakers said Tuesday they support the goal of President Obama's $30 billion program to spur small-business lending, many sharply criticized the proposal, arguing it either would not work or could be done more directly.
February 2 -
The Obama administration proposed Monday to raise the required level of reserves at the FDIC to more than $80 billion — a move that would require banks to pony up a huge amount of money.
February 1 -
WASHINGTON — The Obama administration on Monday called for a higher level of funding from the industry to help the Federal Deposit Insurance Corp. deal with failures.
February 1
