Tag Archives: Federal Deposit Insurance Corp

The issue that has been at the center of debate among banks for some time is whether or not property evaluations are sufficient substitutions for appraisals when determining the value of a home for real-estate-related financial transactions.

Morgan Stanley is the latest institution to settle claims that the firm misrepresented residential mortgage-backed securities that were sold prior to the financial crisis in 2008.

In an effort to help community banks and thrifts with their examination timelines, the Federal Deposit Insurance Corp., (FDIC) has approved an interim final rule to allow more established small institutions to qualify for the the 18-month exam cycle.

After reaching record earnings in the second quarter of 2015, the U.S. banking industry can expect global economic factors, recent stock market volatility, and interest rates to be deciding factors in the upcoming third quarter report and beyond.

U.S. banking institutions that are insured by the Federal Deposit Insurance Corp. (FDIC) earned an aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion from a year ago, the FDIC announced in their Quarterly Banking Profile released Wednesday. The $43.0 billion second quarter profits, the highest quarterly income on record, was mostly driven by a $3.6 billion rise in net operating revenue, the FDIC said.

The Federal Deposit Insurance Corp. has sued Bank of New York Mellon, claiming that the bank breached its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities purchased by an FDIC-insured bank in Texas which later failed.

Former Federal Deposit Insurance Corp. chair Sheila Bair has announced as the keynote speaker for the Third Annual Women in Housing Leadership Forum at the 12th Annual Five Star Conference and Expo on September 18 in Dallas, according to an announcement from the Five Star Institute.

A federal judge has ruled that the Federal Deposit Insurance Corp., is liable for facing certain legal claims that FDIC-insured JPMorgan Chase inherited from its 2008 acquisition of Washington Mutual, according to media reports. JPMorgan acquired the failing Seattle-based bank for $1.88 billion in 2008 during the onset of the financial crisis, after the Office of Thrift Supervision seized Washington Mutual and appointed the FDIC as receiver.