Articles tagged with FDIC

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Oh, Atlanta: A Banker’s Bank Goes Down

Three banks failed on Friday, with the FDIC closing institutions in Georgia, New Jersey and Utah. The total number of bank … more…

Bank Failure Friday Costly to FDIC

It was a whopper of a Bank Failure Friday. The day’s carnage took a $698.4 million bite out of the FDIC’s dwindling deposit fund. … more…

The Trillion Dollar Question: Adding up The Financial Rescue

This is the latest from our new bailout blog. Check out our all-seeing database of the bailout billions.

Our database closely … more…

Quick Picks: FDIC’s Timely Contract and Calif. Child Abuse

Sen. Dianne Feinstein (D-CA) offered to help the FDIC seek taxpayer funds just days before the agency decided to award a contra … more…

Bank Failure Friday—Another Two Go Down

The drum beat continues. Two banks failed last night.

American Sterling Bank of Sugar Creek, Missouri, was the first to be … more…

Reader Question: Fed Data

This is the latest from our new bailout blog. Check out our all-seeing database of the bailout billions.

Since we launched Eye on … more…

The 30-Day Bank

Normally, when the FDIC announces a Friday bank failure it has already found a buyer for the insured deposits and assets of the faile … more…

The 30-Day Bank

Normally, when the FDIC announces a Friday bank failure it has already found a buyer for the insured deposits and assets of the … more…

Bank Failure Friday

Where is Martin Scorsese when you need him?

The FDIC reports tonight that Cape Fear Bank of Wilmington, North Carolina, has … more…

Quick Picks: Drug Errors and FDIC Risk

An Asbury Park Press review of medication records from New Jersey-based Ancora Psychiatric Hospital found "troubling patterns of mist … more…

Chronicle of a Bank Failure Foretold

For years, Federal Deposit Insurance Corporation examiners warned Nevada-based Silver State Bank against the bad management practices … more…

Next in Line for a Bailout, the FDIC?

March 9, 4:26 p.m.: This post has been corrected.

We've tended to focus our bailout coverage on the billions of taxpayer dollars dol … more…

IndyMac Exposes Rift Between Regulators

Last week's autopsy by the Treasury Department's inspector general of the collapse of IndyMac Savings and Loan offers insight into a … more…

New Audit Blasts IndyMac’s Chief Regulator

Late Thursday, the Treasury Department's Office of Inspector General released a devastating audit (PDF) on the failure of IndyMac Ban … more…

The Rise and Fall of Silver State Bank

July 1, 1996 Silver State Bank opens in the City of Henderson, a suburb of Las Vegas, at the outset of a period of enormous growth i … more…

Nationalization of Banks? Citi, Gov’t Agreement Already Provides for Partial Takeover

The big question these days is whether the government will step in and take over the nation's faltering major banks. Details in the g … more…

BofA and Gov’t's Secret Deal

In mid-December, Bank of America struck a deal behind closed doors with top U.S. financial officials: BofA could count on all the hel … more…

How Will Treasury Pick the Banks to Save? Just Trust Them

Editor's Note: Thanks to Adam Davidson and the folks at NPR’s Planet Money for working with us on the story.

Over the coming months, … more…

FDIC Chief Criticizes Gov’t Response to Crisis (Again)

FDIC Chair Sheila Bair tells the Wall Street Journal that the administration's bailout plan is inadequate. Bailing out the big banks … more…

Little Scrutiny of Gov’t's Rapid Financial Rule Changes

With the global financial system teetering on the edge, the U.S. government has been making historic moves on a near-daily basis. Som … more…