U.S. banks to prepay fees to cover failure costs
By Karey Wutkowski WASHINGTON, Nov 12 (Reuters) – U.S. banks will prepay three years of industry fees to give the government about $45 billion in cash to handle the rising tide of bank failures, under a rule finalized by the Federal Deposit Insurance Corp on Thursday.
ANALYSIS-Bankers wary of Obama small business lending plan
By Karey Wutkowski CHICAGO, Oct 27 (Reuters) – Community bankers are responding coolly to the Obama administration’s plan to free up small business lending, saying the programs unveiled last week involve unattractive government capital injections and mountains of paperwork.
U.S. bankers gather in Chicago, face protests
CHICAGO, Oct 26 (Reuters) – A top banking industry group on Monday defended the practices of traditional banks while facing protesters who railed against Wall Street abuses.
U.S. bank industry groups oppose super bank cop
WASHINGTON, Oct 20 (Reuters) – Two major bank industry groups said on Tuesday they oppose a congressional proposal to consolidate federal banking supervision into one regulator. The American Bankers Association and the Independent Community Bankers of America jointly sent a letter to lawmakers saying that maintaining multiple federal regulators provides a helpful range of regulatory perspectives and is a healthy check against any one regulator neglecting its duties.
US wants banks to prepay fees to meet failure bill
By Karey Wutkowski WASHINGTON, Sept 29 (Reuters) – U.S. banking regulators proposed on Tuesday that banks prepay three years of fees to help cover the rising cost of bank failures, now put at $100 billion through 2013.
Banks would prepay $45 billion of regular quarterly assessments under the plan, but would not have to recognize the hit to their earnings until the fees are normally due.
U.S. regulators hone tools to fight persistent bank crisis
By Karey Wutkowski
WASHINGTON, Aug 25 (Reuters) – U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors.
FDIC warns U.S. banks they may need more home-equity reserves
By Jonathan Stempel NEW YORK, Aug 3 (Reuters) – A U.S. regulator said on Monday banks may need to boost their reserves for losses on home equity loans, after housing prices fell by roughly one-third from their 2006 peak. (more…)
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