A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Federal Deposit Insurance ’
FDIC: Insured Institutions Earned $35.3 Billion in the First Quarter of 2012
FDIC Press Release Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $35.3 billion in the first quarter of 2012, a $6.6 billion improvement from the $28.8 billion in net income the industry reported in the first quarter of 2011. This is the 11th consecutive...
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US banking industry posts highest quarterly profit since 2007 – Los Angeles Times
KEPR 19US banking industry posts highest quarterly profit since 2007Los Angeles TimesBy Jim Puzzanghera WASHINGTON -- The US banking industry posted a $35.3-billion profit in the first quarter of the year, its best performance since 2007, the Federal D...
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JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives – William Black
JPMorgan’s flacks and apologists have, unintentionally, exposed the fact that their cover story – hedging gone bad – is false. JPMorgan runs the world’s largest gambling operation in financial derivatives. The New York Times reported the … Continue reading →
JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives
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FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank – Bloomberg
FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche BankBloombergThe Federal Deposit Insurance Corp. sued JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG. (DBK) The FDIC sued in New York federal ...
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Regulators close small bank in Alabama, makes 24 US bank failures so far in 2012 – Washington Post
Regulators close small bank in Alabama, makes 24 US bank failures so far in 2012Washington PostWASHINGTON — Federal regulators have seized a small bank in Alabama, bringing to 24 the number of US banks that have failed so far this year. The Federal D...
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Dimon and Bank Critics Smell Blood – American Banker
There’s a seminal moment in the 1987 movie “Predator” when Arnold Schwarzenegger’s character, facing a seemingly indestructible alien, finds its blood on a leaf and declares, “If it bleeds, we can kill it.” For Jamie Dimon, JPMorgan Chase & Co.’s announcement that it was taking a $2 billion loss on its trading activities was...
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FDIC shuts down 5 banks in 4 states, makes 22 US bank failures so far in 2012 – Washington Post
Problem Bank ListFDIC shuts down 5 banks in 4 states, makes 22 US bank failures so far in 2012Washington PostWASHINGTON — Federal regulators have closed two banks in Maryland and one each in Minnesota, South Carolina and California, bringing to 22 th...
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Paul Volcker says Volcker rule too complicated
Paul Volcker says Volcker rule too complicated
SINGAPORE | Wed Nov 9, 2011 7:52am EST
(Reuters) - The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading....
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Obama Taps Inflation Hawk Hoenig for the FDIC
Suprised That Obama Tapped Inflation Hawk Hoenig for the FDIC? Don't Be
By Daniel Indiviglio
Oct 21 2011, 12:29 PM ET
Although he's best known for his Fed dissents, he'll be tough on the big banks
Last year, those of us who cover the Federal Reser...
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Don’t be Fooled: U.S. Banks Aren’t as Strong as They Look
U.S. banks are seeing positive trends in several measures of their health.
That's the good news.
Unfortunately, U.S. banks continue to struggle with some much-more-deeply entrenched problems. Those problems pose a major threat to banking-system health.
And they could even cause the U.S. economy to stumble.
Troubled banks rise to highest level in 18 years
Troubled banks rise to highest level in 18 years
The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final three months of 2010, the highest level in 18 years.
The Federal Deposit Insurance Corp said...
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Banks Start to Dig Out From Troubled Loans
November 26, 2010
Banks Start to Dig Out From Troubled Loans
By FLOYD NORRIS
AFTER several years of decline, this is shaping up to be the year in which the problems of America’s banks began to recede.
The Federal Deposit Insurance Corporation repo...
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Bailouts, Reframed as ‘Orderly Resolutions’
November 13, 2010
Bailouts, Reframed as ‘Orderly Resolutions’
By ROBERT J. SHILLER
DISTASTEFUL as it may seem, we need to prepare for the next financial crisis, which, of course, will arrive eventually. Right now, though, people are so angry about...
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Still Waiting For Evidence of Recovery
By Heritage Ray FDIC leases almost 151,000 square feet in Schaumburg (Now here’s a growth business) The Federal Deposit Insurance Corp. has signed a short-term office lease for almost 151,000 square feet (more than half the building) in Schaumburg, Illinois to handle receiverships and asset sales for its growing roster of failed Midwestern banks.
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The Need For An Independent Investigation Into JP Morgan Chase- Simon Johnson- The Baseline Scenario
By Simon Johnson JPMorgan Chase is too big to fail. As the largest bank-holding company in the United States, with assets approaching $2.5 trillion as reported under standard American accounting principles, it is inconceivable that JPMorgan Chase would be allowed … Continue reading →
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