Joe Adler

WASHINGTON — The Capital Purchase Program was more than $6 billion in the black as of the end of January, but there are continued concerns over some institutions still not repaying CPP funds, according to a report issued Thursday by the Government Accountability Office.

With at least one success, defendants are attempting to use state "business-judgment" rules to their advantage.

The gap between the U.S. and other countries on financial reform appears to be widening, with one leading analyst describing the gulf over tackling "too big to fail" as a "Grand Canyon."

WASHINGTON — The failure of Global Commerce Bank in Doraville, Ga., late Friday was estimated to cost the Federal Deposit Insurance Corp. nearly $18 million.

While community banks call on Congress to give the Transaction Account Guarantee more time, an array of - albeit costlier - alternatives for retaining customers and liquidity does exist.

A decision by a Georgia judge this week raised new obstacles in the Federal Deposit Insurance Corp.'s claims against former managers of the failed Integrity Bank.

The Federal Deposit Insurance Corp. Thursday will announce the claims process for thrift shareholders who last year won a breach-of-contract case stemming from the savings-and-loan crisis.

Past reports on industry health showed limited, if any, loan growth, but that changed in the most recent Quarterly Banking Profile.

WASHINGTON — The Federal Deposit Insurance Corp. will report the industry's full 2011 earnings Tuesday in the agency's regular quarterly update.

The agency's research on the sector includes some larger institutions that still fit the community bank mold, while discounting smaller banks with a narrow focus.

Executives hail new effort at dialogue and hold out hope for 'tiered regulation,' but the extent of actual reforms remains to be seen.

Fed Chairman Ben Bernanke and FDIC Chairman Marty Gruenberg said regulators are seeking to keep community banks vibrant.

Deloitte & Touche LLP has named former Federal Reserve Board official Deborah Bailey to run the firm’s banking and securities regulatory practice, and added two former regulators at the Federal Deposit Insurance Corp. to its team.

The administration's proposal predicts the fund will return to the red through 2015. But its estimates are inconsistent with FDIC projections, which industry officials like Jim Chessen said were more reliable.

After 100 years of having a federal charter, Frost says new reform law has increased the value of state regulation.

WASHINGTON — President Barack Obama praised the "landmark" $25 billion settlement between federal and state authorities and the top five mortgage servicers, saying it would "begin to turn the page on an era of recklessness that has left so much damage in its wake."

State and federal authorities held a press conference to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.

President Obama's nomination of a Republican to the board of the Federal Deposit Insurance Corp. is fueling optimism that there may yet be a way for the Senate to confirm several pending financial nominees.

The American Bankers Association promoted five staff members of its executive staff.

WASHINGTON — The White House late Friday named former Treasury Department official Jeremiah Norton to the remaining seat on the Federal Deposit Insurance Corp. board of directors.