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 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. FDIC to propose banks prepay 3 years of fees – source
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
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 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
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
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
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
WASHINGTON, Aug 26 (Reuters) – U.S. banking regulators voted on Wednesday to ease rules applying to private investments in troubled banks.
The board of the Federal Deposit Insurance Corp voted 4-1 to change previous proposals that some regulators and potential investors said had threatened to scare away much-needed capital from the banking industry.
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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