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May 25, 2012 at 06:42 | Source: Market Watch
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May 21 (Reuters) - The U.S. government has filed three lawsuits against a group of large banks over losses on soured mortgage debt purchased by two small Illinois banks that failed in 2009. Acting as receiver for Citizens National Bank and ...
May 21, 2012 at 23:18 | Source: Reuters
NEW YORK (TheStreet (Symbol : TST)) -- The Federal Deposit Insurance Corp.'s three lawsuits filed on Friday against a group of large banks could be the tip of the iceberg. The FDIC -- as receiver for two failed banks -- filed three lawsuits last Friday ...
May 22, 2012 at 18:52 | Source: Inside Fidelity
Community bankers nationwide are confident that a temporary extension of the TAG program is critical to help keep local deposits available in local banks to support small business lending, and job creation. Washington, DC (PRWEB) May 24, 2012 The ...
May 24, 2012 at 20:01 | Source: PRWeb
The U.S. government has launched a plan to deal with large failed companies that could touch off another Lehman-like disaster, hoping to prevent instability in the financial markets. The Federal Deposit Insurance Corporation’s (FDIC) acting ...
May 9, 2012 at 23:53 | Source: ABC News
WASHINGTON (MarketWatch) -- U.S. banks reported their highest quarterly profit since mid-2007 for the first quarter, while overall lending activity decreased for the first time in four quarters, a bank regulator said, a sign that while the ...
May 24, 2012 at 14:03 | Source: Marketwatch
Litigation issues related to mortgage securities seem far from over for the Wall Street big shots. Now, according to a Wall Street Journal report, the Federal Deposit Insurance Corp. (“FDIC”) is chasing a number of banks including Bank of ...
May 22, 2012 at 21:01 | Source: Yahoo Finance
FDIC-insured banks and savings institutions reported a total profit of $35.3 billion in the first quarter of 2012, a $6.6 billion increase from the $28.8 billion net income reported in the 2011 first quarter, according to the FDIC. The increase ...
May 24, 2012 at 21:27 | Source: DSNews.com
May 21 (Bloomberg) -- The Federal Deposit Insurance Corp. sued a group of banks, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Securities and Deutsche Bank AG, in two suits over mortgage-backed securities. The FDIC, acting as ...
May 21, 2012 at 22:42 | Source: San Francisco Gate
ATLANTA (AP) — Georgia Rep. Paul Broun is suggesting that federal regulators are targeting banks in Georgia and Texas for closure because they are in Republican-leaning states. The Republican Congressman told reporters Monday that bankers in his district ...
May 23, 2012 at 17:32 | Source: MySanAntonio
In an economic environment in which many investors have opted out of the market, “structured” investments that promise investors upside but guarantee against losses have gained in appeal, and sales of the products have skyrocketed since 2007.
May 22, 2012 at 18:59 | Source: advisorone.com