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Federal Deposit Insurance Corporation

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Top Federal Deposit Insurance Corporation Articles

Displaying items 97-108
  • Victims get another small payment in Lou Pearlman fraud

    Victims get another small payment in Lou Pearlman fraud
    The trustee overseeing the Ponzi scheme of “boy band” promoter Lou Pearlman is sending out more checks to victims, but the amount is still paltry compared to the nearly $300 million fraud case. On Monday a second distribution of $5.6 million...
  • SMALL COMPANY NUMBER 1: American Bank, Family's first

    SMALL COMPANY NUMBER 1:  American Bank,  Family's first
    Sarah Westgate has two very important jobs. She's an operations assistant for American Bank in South Whitehall Township. And she's mom to 10-year-old Ashley. Because of the flexibility she's afforded at American Bank, she can balance both. "I...
  • Investment group buys Chicago's Regal Theater

    Investment group buys Chicago's Regal Theater
    The shuttered landmark New Regal Theater in the South Shore neighborhood has been sold to a Chicago group. Community Capital Investment, LLC bought the property for $100,000 from the Federal Deposit Insurance Corp. last month, according to the FDIC....
  • New Regal Theater has a buyer

    New Regal Theater has a buyer
    The New Regal Theater, a historic landmark on Chicago’s South Side and in the past one of the city’s most important centers for African-American entertainment, has a pending contract,   spokesman Greg Hernandez for the Federal Deposit...
  • Banks earn record profit in second quarter on lower loss reserves

    Banks earn record profit in second quarter on lower loss reserves
    WASHINGTON -- The nation's banks posted a record $42.2-billion profit in the second quarter as the improving housing market allowed them to set aside less money for losses on mortgages and other loans, the Federal Deposit Insurance Corp. said Thursday....
  • Regulators unveil final 'Volcker Rule' to curb bank risk-taking

    Regulators unveil final 'Volcker Rule' to curb bank risk-taking
    WASHINGTON -- Federal regulators on Tuesday unveiled the final version of a rule designed to prevent federally insured banks from engaging in risky trading of stocks and securities, moving to put in place a key regulation called for in the 2010...
  • American Express to pay $75 million in deceptive practices case

    Three American Express Co. subsidiaries have agreed to pay about $75 million in restitution and penalties for a variety of illegal practices involving hundreds of thousands of credit-card customers, regulators said Tuesday. American Express Travel...
  • Yellen is front-runner for Fed chair, but Obama has other options

    Yellen is front-runner for Fed chair, but Obama has other options
    WASHINGTON -- With Lawrence H. Summers removing himself from consideration to be the next Federal Reserve chairman, Janet L. Yellen becomes the acknowledged front-runner for the vital economic policy position. But President Obama still could go...
  • JPMorgan says settlement clears most liability in mortgage crisis

    JPMorgan says settlement clears most liability in mortgage crisis
    JPMorgan Chase & Co. said the $13 billion settlement it reached with the Justice Department, state attorneys general and other agencies erased most of its potential liability in the sale of faulty mortgage investments that fueled the 2008 financial...
  • Former Obama aide: Working for Summers was 'stimulating, enjoyable'

    Former Obama aide: Working for Summers was 'stimulating, enjoyable'
    WASHINGTON -- Critics of Lawrence H. Summers, one of the leading candidates to be the next Federal Reserve chairman, point to his reputation for being difficult to work with.  But a former Obama administration economic aide who worked for Summers at the...
  • Despite shutdown, most federal financial regulators remain on job

    Despite shutdown, most federal financial regulators remain on job
    WASHINGTON -- Although the federal government began a partial shutdown Tuesday, most financial regulators remained on the job because their agencies are funded outside the congressional appropriations process. But the effects of the shutdown still...
  • FDIC official says big banks trying scare tactics on capital rules

    FDIC official says big banks trying scare tactics on capital rules
    WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday. Requiring the eight largest banks to...