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Federal Deposit Insurance Corporation

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Top Federal Deposit Insurance Corporation Articles

Displaying items 157-168
  • A 'nickel-and-dime' crime almost 50 years ago gets 68-year-old employee fired

    A 'nickel-and-dime' crime almost 50 years ago gets 68-year-old employee fired
      Sometimes life can turn on a dime. Just ask Richard Eggers, a former Wells Fargo employee. The 68-year-old Eggers was fired by the company's home mortgage division in West Des Moines, Iowa, in July for a petty crime he committed nearly 50 years ago....
  • Washington Mutual executives set to settle financial crisis lawsuit

     
    Federal regulators are settling a lawsuit they had brought against three former executives at Washington Mutual Inc.for a small amount of the damages that were originally sought....
  • Can someone explain this to me?

     
    Story: FDIC names former Bear Jim McMahon in Broadway Bank suit The Federal Deposit Insurance Corp., seeking to recover $104 million in losses from 17 bad loans, last month sued former officers and directors of (Chicago-based Broadway Bank). Among (the......
  • Chicago bank buys assets of closed Wilmette bank

     
    State regulators closed a Wilmette bank Friday, according to the Federal Deposit Insurance Corporation, and its assets were purchased by a Chicago bank. Premier Bank, …...
  • “Eco Elmhurst” poster project showcases green efforts of Elmhurst students

     
    This April, the Elmhurst Historical Museum will commemorate ecology and green living by presenting a cooperative community poster project, “Eco Elmhurst: Shaping the Future of …...
  • Wall Street: Stocks and gold up ahead of Fed meeting

     
    Gold: Trading now at $1,743 an ounce, up 1.8% from Tuesday. Dow Jones industrial average: Trading now at 11,866.39, up 1.8% from Tuesday. Fears subside. Stocks are rising as investors anticipate the results of the latest Federal Reserve meeting Wednesday....
  • Bank profits up, but bank health is not

     
    At a time when banks are making almost daily announcements of layoffs, the latest report from the Federal Deposit Insurance Company would seem to suggest a turnaround. But beneath the headline numbers, nearly everything else in the report suggests that...
  • Wall Street Roundup: Facebook's other privacy issue. Before the ball drops.

     
    Gold: Trading now at $1,412 per ounce, up 0.4% from Tuesday. Dow Jones industrial average: Trading now at 11,605.20, up 0.3% from Tuesday. Not out of the woods. While a number of banks that received bailout funds have bounced back,......
  • FDIC sues O.C. lender over mortgages sold to IndyMac [Updated]

     
    The battle over who gets stuck with the tab for millions of soured home loans has produced some eye-popping numbers of late, including Allstate Corp.'s lawsuit seeking to recover losses on $700 million in Countrywide Financial Corp. mortgage-backed...
  • FDIC seeks damages from former officials at failed Redlands bank

     
    Bank regulators have sued 12 former officers and directors at collapsed 1st Centennial Bank in Redlands, part of a broader campaign to recover losses stemming from more than 300 U.S. bank failures since 2007. The Federal Deposit Insurance Corp. complaint....
  • Foreclosures likely to rise because of poor loan-modification performance, report says

     
    Major financial institutions' poor record with modifying home mortgage loans will probably lead to an increase in the number of U.S. foreclosures, according to a report released Monday. About 36,500 mortgage modifications on private mortgages were...
  • FDIC to let lease expire on temporary Irvine office, a sign of an improving economy

     
    The FDIC took out insurance of sorts two years ago when it opened a Southern California satellite office to house hundreds of temporary employees and contractors handling failed banks in the western U.S. Tacked onto the Federal Deposit Insurance Corp.'s.....