Joe Adler

Battle between Federal Reserve Board and Bloomberg News to go public?; Colbert Report defends bankers; handling United Commercial failure a global affair; and more.

The capital investment in banks begun last year by government was a mistake and created a "horrible public outcry" directed at the industry, Sheila Bair said Friday.

Two failures in Florida, including the collapse of Naples-based Orion Bank, and another in California late Friday brought the year's total to 123.

Two failures in Florida, including the collapse of Naples-based Orion Bank, and another in California late Friday brought the year's total to 123. The Federal Deposit Insurance Corp. estimated the losses from the three failures would total nearly $1 billion.

Federal bank regulators Thursday said institutions have an extra two weeks to comment on proposed guidelines for limiting correspondent risk.

WASHINGTON — The Federal Deposit Insurance Corp. said Thursday that it would temporarily leave in place a hands-off policy toward securitized assets at a failed bank, but warned it is considering imposing additional conditions on securitizers that want to remain exempted.

The Federal Deposit Insurance Corp. finalized a rule Thursday requiring institutions on Dec. 30 to prepay the next three years worth of deposit insurance premiums.

WASHINGTON — The Federal Deposit Insurance Corp. is ready to clarify today how it will treat securitized assets at a failed bank — a move that would have significant implications for investors if the agency laid claim to such assets.

The seizure of its $13 billion-asset United Commercial Bank on Friday suggests that even institutions the Treasury Department had the most confidence in a year ago are not all going to be winners in this down cycle — or, for that matter, survivors.

Officials announced the elaborate closing of San Francisco-based United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's operations immediately.

Officials announced the elaborate closing of San Francisco-based United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's operations immediately.

Under legislation to create a regulatory regime for systemic firms, companies would have to submit regular wind-down plans to the government, giving regulators a road map of how they should be taken apart in a crisis without harming the financial system.

While lawmakers consider whether to require systemically important firms to draft their own advance resolution plans — dubbed "living wills" — the utility of such outlines is already a matter of fierce debate.

Despite the calls for regulatory toughness since the financial crisis, lawmakers are now warning regulators not to overreach as banks try to get credit flowing again.

The Federal Deposit Insurance Corp. gave details Tuesday on how to comply with interest-rate restrictions on deposits at some banks that take effect Jan 1.

The Federal Deposit Insurance Corp. dusted off rarely used authority to charge the banks for the resolution costs of the other seven insolvencies — ultimately causing the $4.7 billion-asset Park National in Oak Park, Ill., and the $118 million-asset Citizens National Bank in Teague, Texas, to fail as well.

Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19B in assets were closed by the government Friday night.

Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19 billion in assets were closed by the government Friday night.

The Daily Show's suggestion for venting consumer anger: the "Angry Mob Platinum Card"; Bair gives equal time to ABA protesters; MBA's $76 million building on the block ...

The Obama administration called for more congressional support Thursday of three key housing initiatives.