JP Morgan Banker Selected for FDIC - Wall Street Journal

JP Morgan Banker Selected for FDIC
Wall Street Journal
By ALAN ZIBEL and VICTORIA MCGRANE WASHINGTON—The White House plans to nominate a former Bush administration official to the Federal Deposit Insurance Corp., a key banking regulator. President Barack Obama said he would nominate Jeremiah Norton, ...
Katten Muchin Rosenman LLP | FDIC to Host Conference on "The Future of ... Linex Legal (press release) (registration)

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Yawadwipa Looks to Acquire Bank Mutiara - Jakarta Globe

Yawadwipa Looks to Acquire Bank Mutiara
Jakarta Globe
Yawadwipa Companies, a private equity fund, has expressed a “strategic interest” in acquiring Jakarta-based Bank Mutiara from the Deposit Insurance Agency, the company said in an e-mailed statement on Monday. “The purchase price currently may be no ...
Indonesia Firm Wants to Buy State-Owned Bank Wall Street Journal

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State Bank Reports 2011 Net Income of $43 Million - Sacramento Bee

State Bank Reports 2011 Net Income of $43 Million
Sacramento Bee
Loans not covered by loss share agreements with the Federal Deposit Insurance Corporation (FDIC) grew $50.7 million in the fourth quarter of 2011, and $358.2 million for the full year, in a challenging economic environment for organic loan growth.

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Photo: Sun News Publishing - Daily Sun

Photo: Sun News Publishing
Daily Sun
Nigeria Deposit Insurance Corporation (NDIC ) recovered only N22.158 billion or 12.37 per cent of an estimated N179 billion owed depositors of failed banks between 1994 and August last year. Managing Director and Chief Executive of the corporation, ...

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GSB to benefit from cut in deposit protection - The Nation

GSB to benefit from cut in deposit protection
The Nation
Deposits with the Government Savings Bank have soared 29.27 per cent to Bt1.53 trillion as investors seek refuge before the Deposit Protection Agency (DPA) limits insurance for deposits to just Bt1 million from August onwards and the central bank plans ...

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Regulators Close Four Banks - Wall Street Journal


First Coast News
Regulators Close Four Banks
Wall Street Journal
By JEFF BATER AND DREW FITZGERALD WASHINGTON—Regulators closed four more banks in the US Friday, raising the nationwide tally of failures so far in 2012 to seven, according to the Federal Deposit Insurance Corp. In Florida, First Guaranty Bank & Trust ...
First Resource Bank Assumes the Deposits and Purchases the Assets of Patriot ... Sacramento Bee
Regulators Close Four More Banks; Failure Tally Rises To 7 In 2012 NASDAQ
Regulators close banks in Tennessee, Florida, Minnesota, making 7 bank ... Washington Post

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Obama nominates JP Morgan executive to FDIC board - Reuters

Obama nominates JP Morgan executive to FDIC board
Reuters
By Sarah N. Lynch and Dave Clarke | WASHINGTON (Reuters) - President Barack Obama announced on Friday the nomination of JP Morgan Chase and Co executive Jeremiah Norton to fill an open spot on the Federal Deposit Insurance Corp's board of directors.
Obama to Nominate Former Paulson Aide to FDIC Wall Street Journal
President Obama Announces Another Key Administration Post Whitehouse.gov (press release)
Former Treasury Official Nominated to FDIC Board American Banker (subscription)

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Worried about banks? Keeping your money safe - USA TODAY


USA TODAY
Worried about banks? Keeping your money safe
USA TODAY
Most brokerages typically move uninvested cash into money-market accounts. Money market funds generally do not qualify for FDIC (Federal Deposit Insurance Corp.) insurance protection. USA TODAY financial markets reporter Matt Krantz answers a new ...

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Southwest Florida banks add property - The News-Press

Southwest Florida banks add property
The News-Press
Southwest Florida-based banks added almost $10 million worth of real estate to their books to end 2011 as they pushed bad loans through the foreclosure process and prepared to sell the property, statistics released by the Federal Deposit Insurance ...

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Big banks must show how they would break up assets, conduct stress tests under ... - Washington Post

Big banks must show how they would break up assets, conduct stress tests under ...
Washington Post
The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. Seven banks with more than $250 billion in assets will have to show their plans by July. The other 30 affected by the rule ...

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