South State Correspondent
MAY 9, 2023
In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. We believe any change to the FDIC insurance coverage should aim to maintain and advance our credit markets. There is no escaping this conclusion: FDIC insurance promotes risk-taking by managers.
Perficient
MARCH 10, 2021
Governed by an interagency agreement among the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), the program review credits with minimum aggregate loan commitments totaling $100 million or more that were shared by three or more regulated financial institutions.
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CFPB Monitor
SEPTEMBER 14, 2020
The two lawsuits filed in federal district court in California by state attorneys general challenging the OCC and FDIC “ Madden fix” final rules will both be heard by Judge Jeffrey S. Judge White was appointed to the federal bench in 2002 by President George W.
CFPB Monitor
JULY 22, 2020
Previously, Acting Comptroller of the Currency Brian Brooks indicated that the OCC expected to partner with the FDIC in developing the OCC’s “true lender” rule. Presumably, we will soon see a proposed “true lender” rule from the FDIC. 2002 WL 1205060 (N.D. In Hudson v. Ace Cash Express, Inc.,
Jeff For Banks
JANUARY 3, 2012
During the period 2002-07, when loan growth outpaced the ability to fund it, FIs took on more FHLB borrowings and high cost deposits. What made so many in this group take the perp walk to the FDIC? The logic: blow up the balance sheet, eek out incremental profits, and reduce the E. As mostly always the case, it was bad loans.
Jeff For Banks
NOVEMBER 6, 2011
From December 31, 2009 through June 30, 2011, deposits for all FDIC insured depositories increased 5.84%. Loans from 2002 through 2007 generally grew faster than FIs'' ability to fund them. FDIC insurance costs, on average, are 12 basis points on deposit balances. At first, senior managers of FIs felt good about the inflow.
Jeff For Banks
JUNE 2, 2023
By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. High-tech employment fell from 12.1
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