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Federal Deposit Insurance Corporation

A collection of news and information related to Federal Deposit Insurance Corporation published by this site and its partners.

Top Federal Deposit Insurance Corporation Articles

Displaying items 25-36
  • Fidelity Magellan fund manager is replaced after weak performance

     
    The famed Fidelity Magellan fund did today what it does best – dump its manager after years of chronic underperformance. The mutual-fund collosus announced that Jeffrey S. Feingold will replace Harry Lange at the helm of the perpetually troubled...
  • 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...
  • 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......
  • Citizens Bank customers could be entitled to refunds

     
    Federal banking authorities announced Tuesday that Citizens Bank and one of its affiliates, RBS Citizens, have settled investigations into their overdraft protection programs and checking reward programs. About 340,000 customers will get a total of...
  • You may discover a refund on your credit card

     
    About 3.5 million Discover cardholders are in line for refunds after federal authorities alleged the credit card company made deceptive sales pitches when hawking account services such as identity theft protection. The agreement calls for Discover to...
  • Bill Maher welcomes Ben Affleck, Ann Coulter

     
    The guest list this week on “Real Time With Bill Maher” sounds like the formula for fireworks. The roundtable guests will be actor-director Ben Affleck, whose new movie is “Argo”; Rep. Darrell Issa, R-Calif.; and Gov. Brian...
  • American Express: Maybe you should leave home without it

     
    American Express is the latest bank to be accused of illegal credit card practices. Some cardholders may be entitled to refunds. The Consumer Financial Protection Bureau said today it issued orders requiring three American Express subsidiaries to refund...
  • 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....