Financial Regulatory Forum

FDIC to meet Sept. 29 on rebuilding insurance fund

Federal Deposit and Insurance Corporation (FDIC) Chairman Sheila Bair WASHINGTON, Sept 23 (Reuters) – U.S. regulators will meet next week to discuss how to rebuild the deposit insurance fund, which has been depleted by a sharp increase in bank failures, the Federal Deposit Insurance Corp said in an agenda notice on Wednesday.

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U.S. bank “super-cop” idea gains support in Senate

By Karey Wutkowski
WASHINGTON, Sept 9 (Reuters) – Decreasing the number of U.S. agencies that police banks is an idea gaining momentum in Congress, even though bolder efforts to rip up the overall financial regulatory system and start fresh have stalled.

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FDIC’s Bair says commercial loans ‘looming problem’

USA/   WASHINGTON, Sept 1 (Reuters) – The chairman of the Federal Deposit Insurance Corp said commercial real estate issues will increasingly drive U.S. bank failures.
   FDIC head Sheila Bair told CNBC Tuesday evening that commercial real estate loans remain a “looming problem” for banks’ balance sheets and she expects the area to increasingly be a driver for bank failures during the remainder of this year and 2010.
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FDIC chief warns against single U.S. bank regulator

Federal Deposit and Insurance Corporation (FDIC) Chairman Sheila Bair addresses the HOPE Global Financial Literacy Summit at a community center in Washington June 17, 2009.  REUTERS/Jonathan Ernst  Sept 1 (Reuters) – A single regulator for all U.S. banks is not the solution to streamline the financial regulatory system, Federal Deposit Insurance Corp Chairman Sheila Bair wrote in an opinion column in the New York Times.
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U.S. FDIC will keep new banks on short leash

WASHINGTON, Aug 28 (Reuters) – U.S. bank regulators said on Friday that they are extending the amount of time they keep new banks under strict supervision, saying recent bank failures have indicated that new institutions pose an elevated risk to the insurance fund that safeguards bank deposits.

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FDIC seeks comment on bank accounting change

REGULATION-SUMMIT/   By Karey Wutkowski and Steve Eder
   WASHINGTON, Aug 26 (Reuters) – U.S. regulators plan to gauge how severe a hit banks will take from an accounting change that will force them to bring more than $1 trillion of assets back on their books, the Federal Deposit Insurance Corp proposed on Wednesday.
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FDIC to soften stance, luring private capital

Wilbur Ross, chairman and chief executive officer of WL Ross & Co REUTERS/Brendan McDermid (UNITED STATES)   By Paritosh Bansal and Megan Davies
   NEW YORK, Aug 25 (Reuters) – U.S. regulators are likely to back down from the tough stance they took a month ago on rules for auctions of troubled banks, which could clear the way for more private equity bidders to come back into the game.
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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.

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US to study impact of new off-balance-sheet rules

USA/    By Karey Wutkowski
   WASHINGTON, Aug 19 (Reuters) – U.S. regulators plan to gauge how severe of a hit banks will take from an accounting change that will force them to bring more than $1 trillion of assets back on their books.
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FDIC proposals on banks buys draw fire as comments end

A pedestrian walks in front of a BankUnited branch in downtown Miami, Florida May 22, 2009. Florida-based BankUnited, which was closed by the U.S. government and sold to investors, was conducting business as usual on Friday and there was no sign of panic among customers, its new chief executive said. Banking industry veteran John Kanas, who also took over as chairman, told Reuters that BankUnited planned no immediate layoffs among its work force of 1,100 and expected to expand branches in its Miami base while closing branches outside the city. REUTERS/Carlos Barria  (UNITED STATES POLITICS BUSINESS)   By Paritosh Bansal
   NEW YORK, Aug 10 (Reuters) – Lone Star Funds joined other big private equity names in opposing proposed U.S. rules for investments in failed banks, as a designated period for public comment on the draft regulations comes to an end on Monday.
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