Hints and tips:
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Sheila Bair, former chair of the US Federal Deposit Insurance Corporation, writes in the FT that the current Federal Reserve leadership should take lessons from its former chair Paul Volcker and his successful...
...The future of cross-border co-operation on bank regulation in the Trump era has been thrown into doubt, with domestic pressure mounting on the US Federal Reserve and a senior member of the House of Representatives...
...National co-ordination of insurance regulation Insurance in the US is regulated primarily at state level, but the Dodd-Frank act created a Federal Insurance Office within the Treasury department to promote...
...The small-business lending market is much smaller than mortgages: about $250bn, according to the Federal Deposit Insurance Corporation, compared with home loans of $8.8tn....
...But Mr Mnuchin was quickly excoriated by Democrats who said he “preyed on” homeowners in the last financial crisis by snapping up IndyMac, the collapsed mortgage lender, in 2009....
...They cut great deals because the Federal Deposit Insurance Corporation, which had taken control of dozens of banks during the crisis, was desperate to get the big ones off its hands....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...The US Federal Deposit Insurance Corporation sued more than a dozen banks from Barclays to Citigroup over losses attributed to manipulation of the London interbank offered rate....
...Six months later the bank failed and the Federal Deposit Insurance Corp, the regulator, sold WaMu to JPMorgan....
...They put in place the Federal Deposit Insurance Corporation to provide an orderly resolution of troubled depository institutions – “banks” – before they failed....
...The mortgage insurers, for example, fared just a bit better than their credit insurance cousins. But companies such as Radian Group, MGIC and PMI remain shadows of what they were....
...from banks and repackage them as tradeable securities....
...These groups are Old Republic, PMI, Radian, Genworth, United Guaranty, CMG Mortgage Insurance Co (CMG), and California Housing Loan Insurance Fund (CAHLIF)....
...It offers insurance, credit cards, loans and savings accounts but plans to launch current accounts and mortgages within the next two years....
...Mr Paulson spent $400m on a stake in a club deal to buy the assets of failed California thrift IndyMac....
...facilitated by the Federal Deposit Insurance Corporation (FDIC)....
...Two months later IndyMac was rescued by the US Federal Deposit Insurance Corporation. In January 2009, the FDIC agreed to sell the mortgage lender to a consortium of private equity investors....
...Sheila Bair, chairman of the Federal Deposit Insurance Corp, has put only a handful of banks up for auction....
...JK: Don’t buy a bank without a federal guarantee....
...People involved in the process said the Treasury was likely to base its policy on a scheme championed by Sheila Bair, head of the Federal Deposit Insurance Corporation....
...The prospective buyers, which include private equity investor JC Flowers and hedge funds Dune Capital and Paulson & Company, are hammering out final terms with the Federal Deposit Insurance Corporation,...
...“There has been a focus on banks’ capital, liquidity and their mortgage exposure.”...
...The 38 per cent threshold in the FHFA plan draws on a model for loan modifications laid out by the FDIC when it took over IndyMac, the California bank, in July....
...The 2008 class of failed lenders numbers five following the seizure of IndyMac by the Federal Deposit Insurance Corporation – the largest US bank failure in two decades....
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