Federal Deposit Insurance Corporation (FDIC)
Fed divulges process behind bank stress tests
The US Federal Reserve has released details of the methodology behind its Supervisory Capital Assessment Programme (SCAP), the recently concluded stress tests conducted by regulators to ascertain whether additional capital replenishment is needed at the…
IndyMac losses put more strain on FDIC funds
Yesterday's sale of failed California mortgage lender IndyMac has left the US Federal Deposit Insurance Corporation (FDIC) with a $10.7 billion bill - weakening its reserves further even as the list of failed banks requiring support continues to lengthen.
FDIC: 252 US banks now at risk
The US Federal Deposit Insurance Corporation (FDIC) now has 252 banks on its "problem list", and the industry has dipped into the red for the first time in almost two decades.
US props up Bank of America
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Banks tighten conditions on revolving credit extensions
More stringent terms and conditions are being attached to revolving credit facilities (RCFs), although banks are still extending them to investment-grade corporates. Analysts and bankers agree that RCFs are becoming more expensive and smaller and will…
Coping with collapse
The demise of Lehman Brothers spelled potential disaster for the US market. Reverse convertibles have sunk on the back of falling equity markets, fear of structured products is spreading like wildfire in the wake of negative media coverage, and a hoped…
FDIC Announces $114 million Compucredit Settlement
Losses and Lawsuits
Mark-to-market accounting 'a major cause' of the crisis
Corporate Governance
FDIC reports rise in problem banks
There are now 171 banks on the US Federal Deposit Insurance Corporation (FDIC)'s 'problem list', the largest number since 1995, the FDIC revealed yesterday.
Paulson: buying MBSs no longer Tarp priority
Treasury secretary Hank Paulson closed the door to systematic US government purchases of illiquid mortgage-backed securities under its $700 billion Troubled Asset Relief Programme (Tarp), during a briefing in Washington, DC today.
The search for a deposit base
The fallout from the default of Lehman Brothers continues spread across the structured products industry, as arrangers seek to reassure nervous high-net-worth clients that their investments are safe. Michael Marray reports
Auction sets 57% recovery on Washington Mutual CDS
An auction yesterday established a final settlement price of 57% for Washington Mutual bonds, leaving sellers of credit default swaps (CDS) with higher-than-expected settlement payments as they close out contracts referencing the former US bank.
Weathering the storm
Lehman Brothers' collapse has potentially ruinous consequences for the US structured products market. But delegates and speakers at the Structured Products West Coast Conference were surprisingly upbeat about the future and opportunities that have arisen…
WaMu collapses, assets bought by JP Morgan
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FDIC issues liquidity guidance and encourages contingency funding
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Meagre $5bn profit for US commercial banks, says FDIC
Federally insured US banks posted total profits of just $5 billion for the second quarter of 2008, an 87% drop on the $31.8 billion earned over the same period in 2007 and the second-worst earnings results since 1991.
FDIC and FSA sign MOU on information exchange
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FDIC issues guidance on third-party risk
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Online banking attacks rise
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FDIC chairman Bair’s warning on Basel II models
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Market reacts to US Treasury subprime plan
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FDIC approves Basel II
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