Topic - Federal Deposit Insurance Corporation

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  • Greeley bank failure victims move on

    Five years ago, Martin Lind had the Midas touch.

  • **FILE** Sen. Dianne Feinstein and husband Richard Blum (Katie Falkenberg/The Washington Times)

    Firm chaired by Sen. Feinstein's husband cashes in on another financial crisis

    The real estate giant chaired by Richard Blum, the husband of California Sen. Dianne Feinstein, is cashing in on a new federal crisis.

  • Banks see 2nd-most profitable year

    The U.S. banking industry enjoyed its second-most profitable year in history in 2012, according to a new report from the Federal Deposit Insurance Corp., but that may not be enough to save the jobs of thousands of bankers.

  • This Wednesday, Dec. 19, 2012, photo shows a Citibank in Philadelphia. U.S. banks are closing the year with the strongest profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers. (AP Photo/Matt Rourke)

    Fewer U.S. banks failing as industry strengthens

    U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

  • **FILE** Bank of America's corporate headquarters in Charlotte, N.C. (Associated Press)

    Banks return to an industry Americans can bank on

    Vilified as a chief cause of the global financial crisis three years ago, America's banks appear to be quietly on the mend.

  • BOOK REVIEW: ‘Bull by the Horns’

    How much drama can take place in boardrooms and on intra-agency phone conferences? Sheila Bair aims to find out in her financial-crisis memoir, "Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself."

  • **FILE** President Obama talks June 8, 2012, about the economy at the White House. (Associated Press)

    Obama donor got $3.5M FDIC discount in failed-bank settlement

    A billionaire Chicago family that donated and raised hundreds of thousands of dollars for President Obama got a $3.5 million discount last year for paying off early a $460 million settlement deal it agreed to in the 2001 failure of a Chicago-area bank it owned.

  • President Obama stands at the White House in 2010 with Penny Pritzker, whom he named to the President's Economic Recovery Advisory Board in 2009. (Associated Press)

    Obama donors get deal; depositors get 'stiffed again'

    A billionaire Chicago family that has donated and raised hundreds of thousands of dollars for President Obama got a deal from the federal government to avoid paying all of a $460 million settlement it agreed to in the 2001 failure of a Chicago-area bank it owned, while 1,400 former depositors are still owed more than $10 million in lost savings.

  • Illustration by Alexander Hunter for The Washington Times

    ISAAC and KOVACEVICH: Dodd-Frank won't prevent next bank bailout

    There always have been bank failures and always will be. The trick is to allow sufficient risk to promote economic growth but not so much that it leads to widespread failures and financial panic. It's clear from the three major banking crises in the past 40 years that we have not achieved this balancing act.

  • Economic Briefs

    The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday.

  • Former FDIC head Sheila Bair has book deal

    Sheila Bair, a key government official during the 2008 financial crisis, has a book deal.

  • Economy Briefs

    Federal regulators will be able to take back two years of pay from executives held responsible for a large bank's failure.

  • Troubled banks made up about 12 percent of total in Q1

    The number of U.S. banks at risk of failing made up nearly 12 percent of all federally insured banks in the first three months of 2011, the highest level in 18 years.

  • ASSOCIATED PRESS
Federal Deposit Insurance Corp. Chairman Sheila C. Bair is leaving stepping down as one of the government's top bank regulators, ending a five-year term in which she helped craft the government's response to the 2008 financial crisis.

    Outspoken bank regulator to step down

    Sheila C. Bair will step down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she played a central role in fashioning the government's response to the 2008 global financial crisis.

  • Illustration: Banking regulation by Greg Groesch for The Washington Times

    ISAAC: Deregulation gone awry

    Eighteen Republican senators recently introduced a bill to repeal the Dodd-Frank financial "reform" legislation. I whole-heartedly support repeal, but repealing Dodd-Frank without delivering a serious alternative would be both a political and a policy mistake of the first order.

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