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Depositors
Latest Headlines
Latest Headlines
FDIC rules requires living wills
In keeping with the intent of Dodd-Frank, the FDIC has voted to require banks with $50 billion or more in assets to file periodic contingency plans that spell out how the bank will wind down if it were to fail.
The new rule covers 37 institutions. These so-called living wills go a long way tow
Lose-lose for government on stress tests?
The LA Times notes the government is in a tough spot when it comes to the stress rests--the results of which have been promised for May 4. "Releasing too much information could undermine the banks' health--the very thing that the administration is trying to avoid. Revealing too little after we
What to do with Citi and Bank of America?
It would be one thing if we could look at Citi and Bank of America and say there's hope at the end of the tunnel. But as of right now, there's no light out there. If there were, most would assume its the proverbial on-rushing train. This is because Bank of America just took in nearly $140 bill
Why the bailout has not lifted confidence
We've seen some amazing government moves in the last few days: the bailout plan; the decision to directly buy short-term commercial paper from companies; the decision to provide yet more liquidity to prop up AIG's securities lending business. And yet, where is the shot of confidence that regulator
Can we improve on the RTC bailout model?
When you think about it, the Resolution Trust Company set a pretty high bar. Created in 1989 to shutter failed thrifts and sell their assets, it was able to pay all obligations to depositors, even as hundreds of executives and directors were convicted. In sum, the RTC managed to sell $459 bill
