Joe Adler

Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. announced on Oct. 18 that Craig Jarvill has become the director of the agency's Division of Finance.

Even though his nomination to head the Consumer Financial Protection Bureau sits in limbo, some of the work Richard Cordray did as Ohio's attorney general is coming to resolution. Yet the outcome is probably not to his liking.

Former Kansas City Fed president will likely let his disapproval about Dodd-Frank policies be known, but his views on bank examinations and TBTF seem in line with FDIC thinking.

Thomas Hoenig, outspoken during his time at the Kansas City Federal Reserve Bank, would become the FDIC's No. 2 during implementation of a new resolution system.

State attorneys general said issues around the bureau's leadership structure should not stop White House nominee from getting director's job.

Republicans are pushing for the Consumer Financial Protection Bureau to be run by a board of Senate-confirmed appointees instead of a single director, but some question if it would have much impact.

The Securities and Exchange Commission unanimously issued a proposal Wednesday for implementing the so-called Volcker Rule.

Despite the drop in failure predictions, officials warn that the condition of the economy remains uncertain and give no signs of premium reductions.

Two failures late Friday - one in Minnesota and one in Missouri = cost the Deposit Insurance Fund nearly $190 million.

As agencies face the daunting task of finalizing their much-criticized rule, there is growing speculation that regulators will need to re-propose their proposal.

Early reviews of the draft plan implementing the proprietary trading ban and hedge fund investment limits have industry representatives concerned it is too long and complicated.

According to a Sept. 30 internal regulatory memo, regulators plan to broadly define proprietary trading, provide limited exceptions to allow banks to invest in hedge and private-equity funds, and require institutions to install new internal controls.

The FDIC, one of five agencies implementing the proprietary-trading ban, will meet publicly Tuesday to discuss new regulation.

Kevin MacMillan has moved from the government-relations shop at Bank of America Corp. to that of U.S. Bancorp.

We already know of one presidential candidate, Rep. Ron Paul, R-Texas, who is a steadfast critic of the Federal Reserve System. But did you know that another used to be a central banker himself?

A New York art installation claims to offer exactly that to visitors of a Manhattan diner in the form of the bathroom used by JPMorgan Chase's top brass.

WASHINGTON — First International Bank in Plano, Texas, became the year's 74th failed institution late Friday.

Bankers have reacted well to acting FDIC chief Gruenberg's first speech since taking helm of the agency, but say actions will speak louder than words.

Acting chairman stresses that the agency's own planning is just as important as plans submitted by companies.