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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 61-72
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...
  • Earnings up at American Bank

    American Bank of South Whitehall Township on Wednesday announced earnings of $1.3 million in the quarter ended June 30, up 9 percent from the same period a year ago, due to gains on investments. The bank's overall loan portfolio was flat, with interest...
  • Fewer than 3 percent of nation's banks are minority institutions

    Fewer than 3 percent of the nation’s 6,730 banks are minority institutions, but that’s still a bigger percentage than a decade ago, according to a study released Monday by the Federal Deposit Insurance Corp. The FDIC defines a “...
  • Surprising plea deal in state Rep. Ford's bank fraud case

    Surprising plea deal in state Rep. Ford's bank fraud case
    The odds were undoubtedly stacked against state Rep. LaShawn Ford when federal prosecutors indicted him on felony bank fraud charges more than a year and a half ago. The already sky-high conviction rate at the Dirksen U.S. Courthouse rises to near 100...
  • Money market rules designed to increase awareness

     Money market rules designed to increase awareness
    Do you feel cozy having your money in a money market fund in your 401(k), college savings plan or brokerage account? With memories of the darkest days of the financial crisis now blotted out by five years of economic healing, you may have forgotten...
  • Online insurers spend less to get new customers, report says

     Online insurers spend less to get new customers, report says
    Online car insurance companies such as Progressive and Geico typically spend significantly less to land new customers than more traditional players such as State Farm and Allstate, a new report from William Blair & Co. says. On average, insurers that...
  • Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion

    Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion
    OneWest Bank in Pasadena, born from the ashes of failed high-risk home lender IndyMac Bank, has agreed to be acquired by commercial lender CIT Group for $3.4 billion, a hugely profitable deal for the hedge-fund and private-equity investors that have owned...
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...
  • Citi settlement will recoup Illinois pension losses

    Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
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  • Credit crunch led to general contractor's woes

    By Ilyce Glink and Samuel J. Tamkin Q: I'm nearing 66 and still working, although I'm retired military of nearly 36 years, a Vietnam vet, and drawing Social Security. I had a successful business as a general contractor for many years. In 2008, just as...
  • 5 years after the Great Recession: Where are we now?

    It was the worst U.S. economic calamity since the 1930s. Over 19 months, the Great Recession erased trillions of dollars of wealth, destroyed 8 million jobs and robbed tens of thousands of their homes. More than half of adults lost a job or saw a cut in...