Financial Regulatory Forum

INTERVIEW-Banker sees U.S. failed bank tally hitting 1,000

February 26, 2010
Dunne sees up to 400 bank failures this year

Dunne sees up to 400 bank failures this year

   By Karey Wutkowski
   WASHINGTON, Feb 25 (Reuters) – About 1,000 U.S. banks could fail as a result of the recent banking crisis that saddled financial institutions with large portfolios of bad loans, a leading investment banking executive said on Thursday. (more…)

ECB’s Trichet: Europe needs to improve legal tools

December 7, 2009
Trichet: need better tools

Trichet: need better tools

    PARIS, Dec 7 (Reuters) – Europe needs new tools to ensure authorities can intervene effectively in the case of the failure of a systemically important financial institution, European Central Bank President Jean-Claude Trichet said on Monday. (more…)

REUTERS SUMMIT-Key banker sees cost of U.S. bank failures rising

By Reuters Staff
November 16, 2009

FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. The failed bank was seized by U.S. authorities and acquired by U.S. Bancorp. (File Photo) REUTERS/Sam Mircovich   (UNITED STATES BUSINESS) By Karey Wutkowski
NEW YORK, Nov 16 (Reuters) – The cost of U.S. bank failures will continue to rise sharply and will likely exceed the government’s current expectations, a leading investment banking executive said on Monday.

U.S. banks to prepay fees to cover failure costs

By Reuters Staff
November 13, 2009

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.

US FDIC to meet Nov. 12 to finalize bank fee plan

By Reuters Staff
November 6, 2009

WASHINGTON, Nov 6 (Reuters) – U.S. regulators will meet Nov. 12 to finalize their proposal to have banks prepay three years of industry assessments, which would give the government cash to handle the rising tide of bank failures.

U.S. banks give nod to prepaying fees, seek tweaks

By Reuters Staff
November 3, 2009

By Karey Wutkowski
WASHINGTON, Nov 3 (Reuters) – U.S. banks are lauding regulators for avoiding another emergency fee to replenish the deposit insurance fund, but are suggesting tweaks to a plan for them to prepay three years of regular assessments.