Hints and tips:
...The Federal Deposit Insurance Corporation, in an open letter to bank chief executives on Monday, said it had “observed that some depository institutions” had “incorrectly” lowered the value of their uninsured...
...This is sure to please the influential trade association for that part of the sector, the Independent Community Bankers of America, which has been arguing for a distinction between big and small banks since...
...(FactSet) Uninsured deposits — The percentage of deposits at each bank above the insured level of $250,000 as of March 31....
...insured by the FDIC....
...At the same time, the deposits of its wealthy customers are often too big to be insured by FDIC — meaning they are less sticky in times of stress....
...But America is more fragmented, and starting a community around a product requires an understanding of that group, which might be vastly different in LA, Seattle or New York....
...Greg Baer, chief executive of the Bank Policy Institute, an industry association, said companies that handle customer funds should not be treated to a light-touch version of banking regulation....
...The National Association of Manufacturers warned this week that officials could not restart the economy without providing “strong liability protections” for business....
...Less remarked-upon but equally significant are moves from the Office of the Comptroller of the Currency, an independent bureau of the US Treasury Department that charters, regulates and supervises all national...
...Done well, these tweaks can stop self-fulfilling crises from spiralling out of control — accounting rule changes were an important part of America’s policy response in early 2009....
...The FDIC revealed last week that San Francisco-based SoFi had applied to the state of Utah for a special banking charter known as an industrial loan company (ILC)....
...The top US bank regulators — the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — are also stepping up their fintech work, as is the Consumer...
...A reform of US corporation tax would reduce the competitive advantage of the UK’s present corporation tax policy....
...athletes seeking compensation from the National Collegiate Athletic Association for the use of their names, images and likenesses....
...Healthy banks buying weak averted additional taxpayer bailouts. They also saved deposit insurers (the FDIC in the US, the FSCS in the UK) the huge expense of paying on insured deposits....
...The syndicate member closest to today’s defrothed price, according to the National Audit Office, was Bank of America Merrill Lynch....
...Stretching the limits of federal regulations to invest publicly insured deposits in high-risk property schemes, Keating turned Lincoln from a minnow into a $5.5bn bank – a thrift in name only....
...As Canada attempts to manage its housing boom, the country faces tough decisions about the future role of the national housing agency, the Canada Mortgage and Housing Corporation....
...Under a banner of “ending ‘too big to fail’”, the odd couple have tapped into an undercurrent of popular anger, rattling the likes of Bank of America, JPMorgan Chase and Citigroup....
...by giant, uncaring corporations and shocking consumerism....
...their national counterparts....
...The move is part of a plan to rebuild the FDIC’s deposit insurance fund after the failure of more than 350 banks since 2007....
...People who attended the meeting, chaired by the Federal Deposit Insurance Corporation on Monday, said the industry-wide “cash for keys” programme would involve the biggest servicers, led by Bank of America...
...The FDIC has pointed to the two existing issues, by Washington Mutual in 2006 and Bank of America in mid-2007, as proof that a market can exist without legislation....
...A judge in Regina v....
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