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Rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and overseers, regulators said Wednesday. ...more
October 15, 2009
WASHINGTON (AP) — The head of the FDIC says there are no immediate plans to borrow money from the Treasury Department to shore up the shrinking deposit insurance fund. ...more
August 27, 2009
Banks and savings institutions insured by the Federal Deposit Insurance Corp. reported net losses of $26.2 billion in the fourth quarter of 2008. ...more
March 22, 2009
The head of the Federal Deposit Insurance Corp. has warned that the fund insuring Americans' bank deposits could be wiped out this year without the money the agency is seeking in new fees from U.S. banks and thrifts. ...more
March 5, 2009
President Barack Obama's assurance Tuesday that his mortgage-relief plan will only benefit deserving homeowners appears to be a stretch. ...more
February 25, 2009
President Barack Obama is expected to roll out a plan today meant to keep struggling families from losing their homes. ...more
February 18, 2009
Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million U.S. households avoid foreclosure. ...more
November 15, 2008
WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. ...more
November 11, 2008
Citigroup Inc. said Monday it has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60 billion in damages for interfering with its planned takeover of Wachovia's banking operations. ...more
October 7, 2008
U.S. banking industry profits plunged by 86 percent in the second quarter and the number of troubled banks jumped to the highest level in about five years as slumps in the housing and credit markets continued. ...more
August 27, 2008
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