Federal Deposit Insurance Corporation
Latest Federal Deposit Insurance Corporation News
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FDIC Closes Banks in North Carolina, Georgia
Parkway Bank, based in Lenoir, N.C., which had about $108.6 million in assets and $103.7 million in deposits. The FDIC arranged for other banks to assume the deposits and buy essentially all of the failed banks' assets. The failures of Douglas
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Correction: Bank Closures Story
corrected version of the story is below: FDIC closes 2 banks in Florida, 1 in Kentucky all of the failed lender's assets. The FDIC also shuttered Florida lenders Heritage savings and loan crisis two decades ago. The FDIC has said 2010 likely was the high-water
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FDIC Closes Kentucky Bank; 6th Failure of '13
Regulators close small lender in Kentucky, represents 6th bank failure of 2013
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Web Extra: Read an Excerpt of David Stockman's New Bookdeposit guarantees of the Federal Deposit Insurance Corporation ( FDIC ) which reassured mom and closures conducted by the FDIC in the years since the crisis normal rules which required the FDIC to close failed banks
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The Cyprus Crisis Explained (Like You're an Idiot)those investments, not take them? A: Yes. And that's exactly what has got people nervous around the world. Just like the FDIC in the U.S. insures investments the Cypriot government insured accounts there. That means they promise to make investors
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Cyprus Crisis Pulls Down U.S. Stocks
lower than 100,000 euros - which are supposed to be insured by the government - may also lose some of their money. Like the FDIC in the U.S., European governments are supposed to protect a portion of all bank deposits. Cypriot banks are expected to
News
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Some Seniors Resist Electronic Social Security Paymentsin one of the nation's 10 million households that are unbanked, according to figures from the Federal Deposit Insurance Corporation ( FDIC ). While waivers are automatically granted for anyone who was 90 years old or older on May 1
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Banks Still Raking In the Profits from Overdraft Fees
significantly lower protection for consumers. In fact, according to an FDIC report , overdraft fees are the leading cause of involuntary should be proportional to banks' actual costs, just as the FDIC requires of penalty fees on credit cards. Overdrafts by paper
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Duel In Denver: Debate Day Arrives (The Note)have been amplified by similarly harsh words in a new book from Sheila Bair, former chair of the Federal Deposit Insurance Corporation . Barofsky today told ABC News that the "administration's housing programs have been an abject
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President Obama Preps for Debate Amidst Nevada's Housing Woes and New Criticisms of Housing Programhave been amplified by similarly harsh words in a new book from Sheila Bair, former chair of the Federal Deposit Insurance Corporation Barofsky today told ABC News that the "administration's housing programs have been an abject failure
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Bank Overdraft Revenue Rises to $31.5 Billion
such as 2008's Truth in Savings, 2010's Reg E opt-in requirements, and the 2011 overdraft guidelines issued by the FDIC , consumers' use of overdrafts shows no indication of going away," said CEO of Moebs Services, Michael Moebs, in a statement
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Discover (DFS) Announces $200 Million Refund to CustomersDiscover Bank , the Federal Deposit Insurance Corporation ( FDIC ) and the Consumer Financial CFPB's Civil Penalty Fund. The FDIC said it became aware of concerns was under investigation by the FDIC . The investigation later merged
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Financial Situation for Unbanked Worsened, Report Says
are unbanked, said the Federal Deposit Insurance Corporation ( FDIC ) in its National Survey of households increased since the FDIC 's first survey in 2009 consumers. Flacke said the FDIC study highlights a basic fact
Videos
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Mortgage Crisis Jeopardizes FDIC BanksAmerican banks are in a tough spot these days a new report from the FDIC shows that profit to the 8500 banks that regulator are taking real estate is what's forcing the institutions into the red. FDIC speaker showed that nearly 3% of all the mortgage loans from
are in a tough spot these days a new report from the FDIC shows that profit to the 8500 banks that regulator -- are taking a financial hit. During the second quarter banking profits fell 86%. From the year prior. Many banks nearly one in five actually lost money between April and June. Bad loans mostly on residential real estate is what's forcing the institutions into the red. FDIC speaker showed that nearly 3% of all the mortgage loans from traditional banks are at least ninety days overdue. Banking experts say -
Treasury Secretary Nominee Jack Lew Haunted by Wall Street Pastthan 360. Points but a few years ago as the American economy was melting down Jack was an executive at group. Which former FDIC chair Sheila describes as the most toxic of all those troubled banks. the poster child and and at government Citigroup needed
melting down Jack -- was an executive at -- group. Which former FDIC chair Sheila -- describes as the most toxic of all those troubled banks. -- -- the poster child and and -- at -
Securing Your Bank Depositsworry about if their bank fails. Basic FDIC coverage protects the individual to 100000 depositor per each institution. However the FDIC protection does not include non deposit most of America's banks according to the FDIC are stable right now. However in the unlikely
commission should have little to worry about if their bank fails. Basic FDIC coverage protects the individual -- to 100000 dollars per depositor per each institution. However the FDIC protection does not include non deposit products. Such as stocks bonds and mutual funds even if they were schooled by an insured bank. Meaning if you had investments in Lehman Brothers or Merrill Lynch they were not protected. But keep in mind most of America's banks according to the FDIC are stable right now. However in the unlikely chance that you were affected by bank failure. The FDIC will try to provide access to your fun on the first business day following the closure. With the money minute on -- -
Credit Crunch Squeezes Main Streetthe credit crunch moving from Wall Street to main street the FDIC released a report which shows the nation's banks and savings past due. That's a 24%. Increase in just three months. The FDIC chairman says that while the credit crisis is likely over on
of the credit crunch moving from Wall Street to main street the FDIC released a report which shows the nation's banks and savings and loans are hurting. According to government figures insured banks have seenmore past due. That's a 24%. Increase in just three months. The FDIC chairman says that while the credit crisis is likely over on Wall Street. Banks are just now starting to feel the effects -
Will the Foreclosure Plan Work?payments each month the package will open up more loans. In the future Stabilize the housing market out there joining us now as FDIC chairman one of the architects of this new plan to rescue homeowners. She lived there were so glad to have you with us this
future -- Stabilize the housing market out there joining us now as FDIC chairman one of the architects of this new plan to rescue homeowners. She lived -- there were so glad to have you -
Keeping Your Bank Deposits SafeInsurance Corp. Or the National Credit Union Administration. Then you need to look at how much money having each account the FDIC insures up to 100000. Dollars per bank. One individual could be insured for up to 100000 dollars for single account. And another
you need to look at how much money having each account the FDIC insures up to 100000. Dollars per bank. One individual could be insured for up to 100000 dollars for single account. And another -
U.S. Banks Continue to StruggleAnd a number of US banks in danger of failing is rising rapidly the FDIC 's list of troubled banks is now a 117. The highest in five years. Indymac is the largest of nine banks to fail so far this year experts predict 100 could close by year's end.
number of US banks in danger of failing is rising rapidly the FDIC's list of troubled banks is now a 117. The highest in five years. Indymac is the largest of nine banks to fail
