Joe Adler

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.

The House Energy and Commerce Committee amended a bill Thursday to create a consumer financial protection regulator, proposing a five-person commission to lead the new agency.

Although banks are not celebrating a proposed prepayment of their deposit insurance premiums, they are still embracing the plan over other alternatives.

Failures in 2009 shot past the 100-mark late Friday as regulators swooped into seven community banks in the Midwest and southeast.

House Financial Services Committee Chairman Barney Frank predicted Friday that a Senate drive to consolidate prudential bank supervisors into a single agency would fail.

Failures in 2009 shot past the 100-mark late Friday as regulators swooped into seven community banks in the Midwest and southeast.

The industry marked a stark milestone Friday — the 100th bank failure of 2009. It is the first time since 1992 that failures hit triple digits.

Protestors set for an ABA "Showdown in Chicago"; calls from the U.K. to chop up too-big institutions not finding purchase across the pond; Frank identifies an Acorn obsession.

After Congress wraps up debate on creating a federal agency to police consumer financial products, lawmakers will focus on what to do when systemically risky firms falter.

San Joaquin Bank in Bakersfield, Calif., became the industry's 99th failed institution of the year late Friday.

San Joaquin Bank in Bakersfield, Calif., became the industry's 99th failed institution of the year late Friday.