Topic: Federal Deposit Insurance Corporation

Obama to nominate Gruenberg to head FDIC: White House

WASHINGTON (Reuters) - President Barack Obama plans to nominate Martin Gruenberg to be the next chairman of the Federal Deposit Insurance Corp, a top banking regulator, the White House said on Friday.Gruenberg, a Democrat, joined the FDIC board in 2005 and is ...

FDIC's Bair seeks higher short-term capital buffer

WASHINGTON (Reuters) - U.S. regulators should impose even higher capital requirements on large financial firms until they prove they can be wound down if they became insolvent, Federal Deposit Insurance Corp Chairman Sheila Bair said on Thursday.Bair, in prepared testimony for a ...

FDIC chief Bair to leave

Sheila Bair, the feisty chairwoman of Washington's deposit insurance agency who fought the coddling of big banks in the financial crisis, announced Monday that she would leave the agency in July when her term expires.Bair, 57, has headed the Federal Deposit Insurance ...

Bair to step down as FDIC chairman in July

WASHINGTON (Reuters) - Sheila Bair, one of the most visible regulators who navigated the recent financial crisis, will leave the Federal Deposit Insurance Corp on July 8, the agency announced on Monday.Bair began her five-year term as chairman in June 2006 and ...

Low-key regulator in line to take on Wall St titans

WASHINGTON (Reuters) - The world of bank regulation is not known for flamboyance but even within this beige universe Martin Gruenberg has a decidedly low-key public manner.The current No. 2 man at the Federal Deposit Insurance Corp -- and a strong contender ...

FDIC calls for big bank restructuring

WASHINGTON (Reuters) - America's big international banks may have to restructure and downsize their operations now, unless they can prove they will be easy to dismantle in another financial crisis, said U.S. regulator Sheila Bair.Multinationals will need to set up more foreign ...

Deposit insurance costs climbing for big banks

WASHINGTON (Reuters) - Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.Other measures to be considered this week include curbing bonus ...

Financials Gaining Some Ground

Last week's Quarterly Banking Profile from the FDIC was good news for banks. Based on findings in the report, the financial sector, and large banks in particular, continue to gain ground after lagging behind the market. On the whole, the financial sector ...

Will TARP Fix The Financial System?

These assets, which were held by many Wall Street firms (many of which had 'AAA' ratings upon their issuance), went down in value right along with the value of the real estate market. Making History The events of September 2008 were of ...

Who They Are And What They Do

Federal Reserve Board The Federal Reserve Board (FRB) is one of the most recognized of all the regulatory bodies. Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) was created by the Glass-Steagall Act of 1933 to provide insurance on deposits ...
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