Federal Deposit Insurance Corporation News
Treasury Pick Exchanges Barbs With Senator at Hearing
Sen. Sherrod Brown, D-Ohio, grilled Steve Mnuchin on his role at IndyMac, a failed bank that was seized by the U.S. government.
Steven Mnuchin Defends His Role at IndyMac
Steven Mnuchin, President-elect Donald Trump's choice for treasury secretary, began his Senate confirmation hearing by defending his role in the thousands of foreclosures by the Independent National Mortgage Corp., also called IndyMac.
Steve Mnuchin's Controversial History With the Foreclosure Crisis
Critics are gearing up for a confirmation fight today over Steven Mnuchin -- Donald Trump ’s pick for treasury secretary -- who previously ran a bank that has faced criticism over its foreclosure record. Mnuchin, a Goldman Sachs veteran and former Hollywood producer, and a group of investors bought
HSBC Banker Arrested at JFK in Foreign Exchange Probe
The global head of HSBC 's foreign exchange cash trading in London was arrested at New York's John F. Kennedy International Airport on Tuesday night and has been charged with conspiracy to commit wire fraud. Mark Johnson, 50, a senior manager at HSBC who is a citizen of the U.K. and a resident of
Wall Street Bonuses Subject to Tighter Regulation Under New Proposed Rule
Senior Wall Street executives might have to wait longer for their full bonuses, according to a proposed rule announced by financial regulators today. After years of delay, six U.S. financial regulatory authorities are still working on a proposed rule regulating incentive pay, which some believe
Costly Bank Fees Add Up When Using ATMs
Banks are looking for ways to generate income, find out how to avoid expensive ATM fees.
Top 5 Possible Places You Could Keep Your Emergency Fund
We have all heard and (hopefully) heeded the advice to keep between three and six months’ worth of expenses aside as an emergency fund. Even if you feel like you have a handle on budgeting for your day-to-day expenses, what happens when the unpredictable hits with the potential to set your finances
Congress Looking to Make a Deal
Okay. It is Thursday December 11 the markets in New York open Saturday never this morning. One point one trillion dollars as an old. Spending contained in the house budget bill. Released by house figure John Boehner and House Appropriations Committee and passed by the house. It is an effort to
Woman’s Bank Account Slowly Drained By Mystery Charge
Dear ABC News Fixer: My 88-year-old mom and I have an issue with Citibank. Bottom line -- they were charging my mom $20 a month for the last couple years and we were not aware of it until this past April. The local branch manager gave me the name of a woman to call, and I left at least 10 messages
Total Bank Revenue Surges in 3rd Quarter, Hits $171.3 Billion
Okay. It's Wednesday November 26 the markets in new Yorker open and a big number this morning is 171. Point three billion that. Out of revenue US banks collected last year four point 8% increase. They eat their best quarter since the recession this according to the FDIC which tackling its data