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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Obama lashes out at U.S. banks over student loans

Obama lashes out at U.S. banks over student loansTROY, N.Y., Sept 21 (Reuters) – President Barack Obama on Monday criticized the largest U.S. banks for their efforts to thwart legislation that would overhaul federal student loan programs.
Speaking at a community college in Troy, N.Y., he singled out in particular banks that have received bailout money from the federal government, saying they want to maintain the status quo on student loans because they get an “unwarranted subsidy” from it.

Worst is over for world economy-Morgan Stanley CEO

Morgan Stanley's John Mack joins other TARP recipient financial institution leaders as they testify before House Financial Services Committee on Capitol Hill in Washington, February 11, 2009.    REUTERS/Larry Downing (UNITED STATES)    LONDON, Sept 18 (Reuters) – The world economic downturn has passed its low point, with financial markets rebounding, Morgan Stanley <MS.N> CEO John Mack said on Friday. (more…)

U.S. rebuffing big banks’ push to exit bailout early

By Karey Wutkowski and Steve Eder
WASHINGTON/NEW YORK, Sept 15 (Reuters) – Some of the largest U.S. banks will remain in the government’s financial bailout program for months, as officials do not expect to grant the next wave of exit approvals until near the end of the year, according to a source familiar with the matter. (more…)

U.S. banks to be first to shed government support

great_escape_jump    By Nigel Davies
   LONDON, Sept 11 (Reuters) – U.S. banks will be free of bailout obligations like those owed to the Troubled Asset Relief Program within two years, a Reuters poll of economists found on Friday, but European lenders will take longer to cut loose from public support. (more…)

U.S. banks to be first to shed government support – economists poll

By Nigel Davies
LONDON, Sept 11 (Reuters) – U.S. banks are expected to be free of bailout obligations like those owed to the Troubled Asset Relief Program within two years, a Reuters poll of economists found on Friday, but European lenders were seen taking longer to cut loose from public support.
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BofA says still in talks to exit government pact

FINANCIAL-BANKOFAMERICA/   WASHINGTON, Sept 10 (Reuters) – Bank of America <BAC.N> Chief Executive Ken Lewis said his company is still in talks with U.S. officials on how to compensate the government for a prior loss-sharing agreement, according to a letter released by a watchdog lawmaker on Thursday. (more…)

US Treasury bans lobbying on pending TARP requests

no_talking    WASHINGTON, Sept 10 (Reuters) – The U.S. Treasury on Thursday posted new lobbying restrictions to curb political influence on investments from the government’s $700 billion bailout program, prohibiting most communications once a funding application has been filed. (more…)

U.S. lobbying rules for bailout firms seen soon

USA/   WASHINGTON, Sept 4 (Reuters) – The U.S. Treasury Department is expected to soon issue final lobbying restrictions for companies receiving taxpayer funds from the government’s $700 billion bailout program, two sources familiar with Treasury’s thinking told Reuters on Friday. (more…)

TARP head says U.S. lacks Citi exit strategy-paper

USA/    Sept 4 (Reuters) – U.S. regulators lack transparency and a clear exit strategy in their handling of Citigroup Inc’s <C.N> rescue, Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), told the New York Post in an interview. (more…)

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