Financial Regulatory Forum

U.S. bank regulators vote to end debt guarantee program

By Reuters Staff
October 20, 2009

WASHINGTON, Oct 20 (Reuters) – U.S. regulators voted on Tuesday to end a government program that guarantees some debt issued by banks, but also to set up a 6-month safety net facility.

US wants banks to prepay fees to meet failure bill

By Reuters Staff
September 29, 2009

Chairman of the Federal Deposit Insurance Corporation Sheila Bair briefs the media on the bank and thrift industry earnings for the second quarter of 2009 while in Washington, August 27, 2009. The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. The FDIC said on Thursday that the industry swung back to a loss in the second quarter after reporting a $7.6 billion profit in the first quarter, primarily due to costs associated with rising levels of bad loans and falling asset values. REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS) 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.

U.S. FDIC to propose banks prepay 3 years of fees – source

By Reuters Staff
September 28, 2009

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    (UNITED STATES POLITICS BUSINESS HEADSHOT) By Karey Wutkowski

WASHINGTON (Reuters) – U.S. bank regulators are expected to propose Tuesday that banks prepay three years of regular assessments to replenish the dwindling deposit insurance fund, according to a source familiar with the matter.

FDIC to meet Sept. 29 on rebuilding insurance fund

By Reuters Staff
September 23, 2009

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.

SCENARIOS-US weighs how to rebuild depleted bank insurance fund

By Reuters Staff
September 22, 2009

Federal Deposit and Insurance Corporation (FDIC) Chairman Sheila Bair,  June 17, 2009. By Karey Wutkowski
WASHINGTON, Sept 22 (Reuters) – U.S. bank regulators plan to meet next week to propose options for replenishing the insurance fund used to safeguard bank deposits, including tapping a line of credit with the Treasury Department.

FDIC to consider ways to replenish deposit fund

By Reuters Staff
September 18, 2009

WASHINGTON, Sept 18 (Reuters) – U.S. bank regulators will meet at the end of the month to explore options, possibly including some that are not well-known, to replenish the dwindling fund that safeguards bank deposits, the chairman of the Federal Deposit Insurance Corp said on Friday.

FDIC chief warns against single U.S. bank regulator

By Reuters Staff
September 1, 2009

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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Banks may bear U.S. FDIC special charges until 2013 – report

By Reuters Staff
August 28, 2009

Aug 28 (Reuters) – The U.S. banking industry may have to continue to bear the burden of replenishing a top regulatory fund, used to back insured deposits when a bank fails, as Federal Deposit Insurance Corp’s (FDIC) special assessments could persist through 2013, investment bank Fox-Pitt Kelton said.

U.S. FDIC eases rules on private-equity investments in troubled banks

By Reuters Staff
August 26, 2009

Federal Deposit Insurance Corporation Chairman Sheila Bair smiles as she testifies before a House Financial services committee hearing on Regulatory Perspectives on the Obama Administration's Financial Regulatory Reform Proposals on Capitol Hill in Washington July 24, 2009. REUTERS/Yuri Gripas (UNITED STATES POLITICS WASHINGTON, Aug 26 (Reuters) – U.S. banking regulators voted on Wednesday to ease rules applying to private investments in troubled banks.

U.S. regulators hone tools to fight persistent bank crisis

By Reuters Staff
August 25, 2009

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.