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. FDIC picks winner for test of toxic-loan plan
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.
-
Author Profile
-
