Joe Adler

The Federal Deposit Insurance Corp. was set to consider a broad-ranging proposal Tuesday morning on resolution procedures for systemically important nonbanks.

Regulators shuttered The First National Bank of Davis, a $90 million-asset institution in Oklahoma, and the $190 million-asset Legacy Bank in Milwaukee. The two closures brought the year's toll to 25.

A watchdog's report said the Federal Deposit Insurance Corp.'s handling of the failed ShoreBank in its final days did not indicate any undue favoritism for the politically connected Chicago bank.

Regulators shuttered The First National Bank of Davis, a $90 million-asset institution in Oklahoma, and the $190 million-asset Legacy Bank in Milwaukee. The two closures brought the year's toll to 25.

Bill Isaac takes a walk down memory lane to a simpler, angrier time; The Onion suggests some creative ways banks will recoup lost revenue (Felix-the-Cat-opt-out charge, anyone?)

The Office of Thrift Supervision argued that the court challenge to its January closure of United Western Bank is invalid because, it claims, the plaintiffs lacked authority to bring the suit.

Federal Deposit Insurance Corp. Chairman Sheila Bair said escalating farmland prices is the kind of market event regulators need to keep an eye on to prevent the next crisis.

The Federal Deposit Insurance Corp. board will propose another rule Tuesday on how it will run its new resolution authority, but not consider requirements on lenders retaining pieces of securitized loans.

While most lending sectors are still struggling to recover from the financial crisis, regulators are turning a nervous eye to one area that is thriving: agricultural lending.

World's Foremost Bank, a unit of retailer Cabela's Inc., will pay fines of more than $10 million to settle allegations of unfair and deceptive practices, the FDIC said Tuesday.

The Federal Deposit Insurance Corp. will host a March 18 roundtable with industry executives on issues related to brokered deposits.

Much like other oversight reports released in the aftermath of the financial crisis, the Federal Deposit Insurance Corp.'s inspector general said the agency could have been tougher with the $2 billion-asset ShoreBank before its August failure.

On the eve of a House Financial Services Committee vote to shut down President Obama's foreclosure prevention programs, Republicans challenged the administration to justify them.

Federal Reserve Board Chairman Ben Bernanke expressed interest Tuesday in tweaking a new cap on liabilities to bring more parity between foreign and domestic-owned companies.

A House subcommittee hearing is scheduled for Wednesday that will focus on how the Dodd-Frank Act is affecting community banks and small business.

A top Fed official said Monday that better stress tests could prevent managers from over-relying on the kind of "financial myths" that helped drive the 2008 crisis.

WASHINGTON — Regulators seized the $124 million-asset Valley Community Bank in St. Charles, Ill., late Friday in the 23rd bank failure of the year.

Rep. Maxine Waters says $20B would be too small a penalty for erring mortgage servicers; Barney Frank praises a GOP colleague in the fight to contain the financial crisis; and more.

WASHINGTON — Regulators seized the $124 million-asset Valley Community Bank in St. Charles, Ill., late Friday in the 23rd bank failure of the year.

House Republicans are taking aim at four of the administration's foreclosure-prevention programs, arguing that they have failed to help many homeowners and are a waste of time and money.