A regulatory lawyer raised concerns about a new proposed FDIC rule dealing with resolving troubled insurers that the federal agency believes constitute potential systemic risk to the financial system.
Reports that the Federal Deposit Insurance Corp. has given the green light to sue more than 50 directors and officers of failed banks has one broker wondering how much due diligence was done before deciding to sue.
With the high rate of mortgage failures and foreclosures, the Federal Deposit Insurance Corporation (FDIC) has been on overdrive protecting bank depositors by selling off distressed assets.
With the high rate of mortgage failures and foreclosures, the Federal Deposit Insurance Corporation (FDIC) has been on overdrive protecting bank depositors by selling off distressed assets.
Negotiators on financial services reform legislation reopened the conference this afternoon to remove a $19 billion bank tax that potentially imperiled Senate passage this week.
Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.