Financial Regulatory Forum

U.S. FDIC picks winner for test of toxic-loan plan

Randall Mikkelsen

Sep 16, 2009 15:19 EDT

By Karey Wutkowski WASHINGTON, Sept 16 (Reuters) – The Federal Deposit Insurance Corp has selected a Texas-based mortgage servicer as the first buyer in a test of its program aimed at cleansing toxic loans from banks’ balance sheets. (more…)

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

Reuters Staff

Aug 25, 2009 13:04 EDT

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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