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FDIC
Latest Headlines
Latest Headlines
Volcker Rule could be looming disaster for investors
Not too long ago, Goldman Sachs CEO Lloyd Blankfein said he was quite sure that customers of big investment banks would rise up and vociferously oppose the Volcker Rule, joining with the banks themselves in an effort to modify the controversial rule. That is now coming to pass.
The final rule
Bank of America's derivatives shift stokes concerns
Bank of America raised eyebrows not too long ago when it said intended to shift some derivatives assets to a unit that holds insured funds, apparently at the request of counterparties that were concerned about recent credit downgrades.
Recall that Bank of America's bonds had recently been down
Speculation: Bank of America headed to bankruptcy court
The move by Bank of America to move derivatives assets from the Merrill Lynch broker dealer unit to the bank holding company continues to generate controversy and speculation.
Christopher Whalen, the co-founder of Institutional Risk Analytics and trenchant critic of the banking industry, has r
Complex Volcker rule proposals spawn controversy
Anything that tries to delineate proprietary trades from market-making trades and legitimate hedge trades is going to be complex.
You have to give the regulators credit for even taking this on. We're seeing the rise of the some interesting metrics and processes in terms of keeping all this str
Goldman Sachs, Morgan Stanley not likely to ditch holding company status
Recall that at the height of the financial crisis, Goldman Sachs and Morgan Stanley converted to bank holding companies, in part to gain access to Federal Reserve liquidity programs that helped them weather the storm. Remember also that, in the immediate aftermath of the Lehman Brothers bankruptcy
Volcker Rule coming into focus
The FDIC appears ready to release the final proposals for the controversial Volcker Rule on October 11, according to the American Banker .
Recall that the rule was designed to prevent banks holding FDIC-insured funds from making risky proprietary bets. The rule has already had a tremendous
Banks respond to criticism of debit, credit card transaction ordering
The common practice of banks ordering debit and credit card transaction from largest to smallest was quite the controversy not so long ago, prompting regulatory action and lots of complaints from consumer activists.
The banking industry's response has always been that they order transactions a
Banks downgraded, but is too-big-to-fail really over?
Here's an unintended consequence of the broad move by regulators to end the too-big-to-fail era: Moody's has downgraded the debt of Bank of America, Wells Fargo and Citigroup.
The company downgraded Bank of America's long-term senior debt to Baa1 from A2 and its short-term debt rating to Prime
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
U.S. Bancorp sues Bank of America for putbacks
The Bank of America litigation pile-on continued this week, as U.S. Bancorp, in its role as trusted for the HarborView Mortgage Loan trust, filed another suit over warranty and representation issues related to a $1.75 billion pool of mortgage-backed bonds, according to media reports.
We presum
