Federal Deposit Insurance Corp
U.S. Banks’ Profits Sink 69% to $18.5B in Q1
Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."
W.Va. Bank Fails After Years of Financial Woes
First State Bank had "experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015,” the FDIC says.
Bank Profits Surge 8.7% to $60.7 Billion in Q1
Boosted by a 6% gain in net interest income, the industry's strong Q1 performance followed a record year in 2018.
Regulators Approve Foreign Banks’ Living Wills
The Federal Reserve and FDIC found shortcomings in the bank's plans for unwinding in bankruptcy without disrupting the broader financial system.
Square Refiles Application for Bank Charter
An industrial loan charter would enable Square to provide loans and other financial services directly to merchants.
FDIC OKs Phase-in Period for New Banking Rule
Banks are concerned about the potentially disruptive effects of a new standard that will change how they account for losses from soured loans.
Dodd-Frank Is Needed But Merits Revision
While preventing another financial crisis is paramount, there were a number of unintended consequences of the law.
Does Bank Loan Data Suggest a Faltering Economy?
Federal Reserve chair Janet Yellen deserves blame for creating onerous real estate asset bubbles, according to risk analyst Chris Whalen.
Bank Profits Rise 7.7% to $43.7 Billion in Q4
The number of financial institutions on the FDIC’s “problem list” fell to the lowest level in more than seven years.
FDIC Says BofA Owes $542M to Insurance Fund
An FDIC lawsuit alleges the bank may ultimately have underreported its deposit insurance liability by more than $1 billion.
U.S. Banks’ Profits Show First Drop in 2 Years
The industry's first-quarter results were mixed, with loan balances growing at the highest rate since 2009 and operating revenue up 2.7%.