Remove 2002 Remove FDIC Remove Management
article thumbnail

Should Congress Increase FDIC Insurance Limits?

South State Correspondent

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. economy needs. The plan will likely involve charging the biggest U.S.

FDIC 195
article thumbnail

In Pursuit of Return on Equity

Jeff For Banks

During the period 2002-07, when loan growth outpaced the ability to fund it, FIs took on more FHLB borrowings and high cost deposits. This was determined by the high profile case the SEC brought against SunTrust in the Fall of 1998 for managing earnings through the loan loss provision. Read a summary of it from the Atlanta Fed here.

Capital 87
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community Financial Institutions: Parking Lot for the Benjamins

Jeff For Banks

From December 31, 2009 through June 30, 2011, deposits for all FDIC insured depositories increased 5.84%. At first, senior managers of FIs felt good about the inflow. 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.

article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

To you, manage your interest rate risk. By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S.

FDIC 60
article thumbnail

The 2024 GonzoBanker Awards

Gonzobanker

Importantly, Blair has shown a keen appreciation for how culture, customer loyalty, technology and product management are critical in creating value for a future smarter bank. THE FINTECH AWARDS Bank Technology of the Year Account opening fraud management. And here we thought that Check21 was going to kill kiting in 2002.

Fraud 78
article thumbnail

Trump transition team names former SEC commissioner to CFPB landing team

CFPB Monitor

Politico has reported that Paul Atkins, who leads the transition team for independent regulatory agencies, will be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Mr. Atkins’ biography on Wikipedia indicates that he is an attorney who served as a commissioner on the SEC from 2002 to 2008.

FDIC 60
article thumbnail

The Mother List of All Banking Books

Jeff For Banks

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Manias, Panics, and Crashes: A History of Financial Crises 2005 John Jay Knox Knox, John Jay A History of Banking in the United States 2017 Timothy Koch Koch, Timothy Bank Management (8th ed.) Bonadio Bonadio, Felice A. Bove Bove, Richard X.

America 60