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...Industry groups argue tougher regulation could raise compliance costs and lower demand and liquidity for bank stocks if the new rules make it harder for investors to take large stakes....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...The big banks are lending as much as they can, with the four largest US banks having $4tn of loans and leases outstanding, according to FDIC data....
...In 2008, Washington Mutual went down after haemorrhaging $16.7bn over nine days. This time, SVB’s depositors pulled out $42bn in 10 hours....
...Noting that the FDIC had faulted the board of Silicon Valley Bank for the lender’s failure, Kennedy suggested that Gruenberg and fellow board members should be held to account in the same way....
...That’s the question facing policymakers gathering in Washington DC for the spring meetings of the IMF and World Bank....
...That matters, as it takes a majority vote to finalise a rule,” Seiberg, who is managing director in TD Cowen’s Washington research group, wrote in a note to clients on Thursday....
...Under antitrust head Jonathan Kanter, the DoJ is broadening the parameters used for bank merger assessments to include factors such as interest rates, fees and branch locations....
...But while JPMorgan had to rescue ailing institutions such as mortgage lender Washington Mutual, it could still reduce its share count since 2008 by 27 per cent....
...Sheinbaum, a former mayor of Mexico City who holds a double-digit lead in the polls, signalled the importance of the US trade relationship as concern has grown in Washington over increasing Chinese investment...
...at the World Bank and Bank of England who has been at Columbia for less than a year — was far from over....
...News clip Washington Mutual has gone under the FDIC, took over Washington Mutual yesterday, then sold its assets to JPMorgan Chase for nearly $2bn....
...“People seek his advice not because they agree with his eclectic post-Keynesian ideology but because his knowledge and respect for evidence makes his long-run batting average useful to a Japanese mutual...
...Washington has supported the idea of confiscating the reserves in their entirety to fund Ukraine....
...Additional reporting by Lauren Fedor in Washington...
...For instance, the Dreyfus Money Market Fund, which is part of Bank of New York Mellon, has some $2.4bn in assets under management. It’s been around for 41 years....
...“The SEC’s order finds that DWS advised mutual funds with billions of dollars in assets yet failed to ensure that the funds had an [anti-money laundering] programme tailored to their specific risks, as required...
...I saw this happen first-hand as FDIC chair during the 2008 crisis and, again, as chair of the Fannie Mae board during the pandemic....
...The chair of the Federal Deposit Insurance Corporation, called for “special attention” to be paid to the regulation of banks with more than $100bn in assets, as well as a focus on “the methods for planning...
...How much have JPM’s recent large acquisitions — Bear Stearns, Washington Mutual, First Republic — contributed? Has banking industry profit always been so concentrated?...
...Insurance Corporation (FDIC) as receiver....
...After the US regional bank Washington Mutual failed during the financial crisis, its $6bn of NOLs were placed in a publicly traded company that launched in 2012....
...Investors find FHLB debt attractive due to strict collateralisation polices, implied guarantee status and the “super lien” position allowing for a priority claim should the FDIC become the receiver of a...
...The assets include loan balances of $460mn and commitments for a further $494mn of lending “as well as other assets in Frankfurt and Berlin”....
...In a recession, funding dries up and you don’t have any FDIC insurance, which causes people to run to the banks with their deposits....
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