Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 21 results for "Federal Deposit Insurance Corporation"

Volcker Rule could slash Wall Street incomes 25%

ALEX DUNNIN  |  THURSDAY, 13 OCT 2011
... on draft legislation written by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency and the Securities and Exchange Commission, the most vulnerable firms will ...

USA no longer AAA

BENJAMIN ONG  |  MONDAY, 8 AUG 2011
... Poor's downgrade: "Joint Press Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For immediate release August 5, 2011 Agencies ...

Seven US banks close in a week

RUTH LIEW  |  MONDAY, 26 JUL 2010
... US - suggesting the troubles in the US banking system are far from over. According to the Federal Deposit Insurance Corporation website, seven banks were closed on Friday, July 23. There has been over 100 banks that were seized during 2010. The latest ...

US financials a big play: Bennelong SGI

MICHELLE BALTAZAR  |  THURSDAY, 15 APR 2010
... participate in the FDIC-sponsored auctions of weaker banks," said Whittall. FDIC, which stands for Federal Deposit Insurance Corporation, is an independent institution created by the US Congress to oversee the banks, maintain stability in the US banking ...

Hermaphrodite economy

BENJAMIN ONG  |  FRIDAY, 11 SEP 2009
... soon take away the economy's ovaries. Cash for clunkers - already removed 24 August. The US Federal Deposit Insurance Corporation's (FDIC) debt guarantee program - out by 31 October. Fed's US$300 billion long-term Treasury purchase program - scheduled ...

De-stressing the stress test

BENJAMIN ONG  |  THURSDAY, 7 MAY 2009
Only a couple of weeks ago the US triad - US Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) - were stressing over how best to release the result of the stress test they issued to 19 of their banks. They found a way. Back ...

In defense of Citi

BENJAMIN ONG  |  TUESDAY, 25 NOV 2008
... Infusion package, US authorities stated that, 'As part of the agreement, Treasury and the Federal Deposit Insurance Corporation will provide protection against the possibility of unusually large losses on an asset pool of approximately $306 billion of ...

Sober and sombre

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2008
... US$700 billion rescue plan. A joint statement by the US Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced that they would spend up to US$250 billion for the purchase of senior non-voting preferred shares in ...

Rescue package YES, economy NO

BENJAMIN ONG  |  FRIDAY, 3 OCT 2008
... And to ensure that this time it passes the House, the bill now includes an increase in the Federal Deposit Insurance Corporation's (FDIC) insurance limit on bank deposits from US$100k to US$250k. It also reportedly includes a 10-year US$150.5 billion ...

Investment titans now governed by Fed

COMPANY RELEASES  |  MONDAY, 22 SEP 2008
... become subject to supervision of the Federal Reserve. The group will also be regulated by the Federal Deposit Insurance Corporation (FDIC), which will continue to insure deposits at Morgan Stanley Bank to the maximum allowed by the agency.