Articles by tag - fdic

Aurora Bank May Be Sold or Closed Soon, But Still Offers Competitive CD Rates
Aurora Bank, formerly Lehman Brothers Bank, is offering a 1.43% APY on its one-year CD. However, court documents show Lehman Brothers Holdings needs to sell Aurora Bank in 18 months or close it.
Posted on September 08, 2010 by
Federal Government Permanently Raises FDIC Limits to $250,000
The new Financial Reform bill signed yesterday makes $250,000 FDIC insurance limits permanent, so you can now invest in 5-year CDs without worrying about whether or not your balances over $100,000 would be protected if your bank should fail.
Posted on July 22, 2010 by
Highest Six Month CD Rate Now At First City Bank
That's the good news...but wait till you hear the bad news.
Posted on June 04, 2010 by
Small Banks are Lending
Smaller banks and credit unions by in large are lending and making loans at a much faster rate than thier national rivals. Here are some tips and facts about how to go about getting that loan.
Posted on March 30, 2010 by
U.S. Banks Closing Branches
For the first time since 2002, bank branch networks in the United States are getting smaller.
Posted on March 10, 2010 by
Citigroup
Citigroup recently informed the majority of it's checking account customers that it reserves the right to require seven days notice on withdrawals. Does this mean Citi is fearing a run on the bank?
Posted on February 26, 2010 by
Number of Banks on FDIC Problem List Grew By 27% in Q4 2009
The number and total assets of problem institutions on the FDIC 'Problem List' continued to grow at the end of 2009 as banks charged off even more bad loans than in 2008.
Posted on February 23, 2010 by
552 insured institutions on the FDIC Problem List, Up From 416
The FDIC released numbers for the third quarter of 2009 and they weren't pretty. While banks earned a bit more money, losses continued, more banks were added to the problem list, total loans declined, and the FDIC needed to tap an emergency assessment to keep from running out of cash.
Posted on November 24, 2009 by
FDIC Forcing Banks to Lower Reward Checking Account Rates
Rewards checking accounts, accounts that pay above-market interest in return for certain customer actions are coming under government scrutiny. Several banks have been forced by the FDIC to lower the rates they offer to rather low levels in an effort to help them recapitalize.
Posted on November 18, 2009 by
FDIC Chairman Sheila Bair on YouTube to Discuss Health of Agency and Banks
FDIC Chairman Sheila Bair went on YouTube and posted this video on the FDIC site discussing the health of the agency and the banking system. The video is posted below.
Posted on October 27, 2009 by
FDIC Raises Estimate of Bank Bailout and Taps Banks to Bolster Reserves
The FDIC announced two significant things today: it estimates that the cost of bank failures would rise to $100 billion over the next four years, and that it was going to pre-assess banks today for payments through 2012.
Posted on September 29, 2009 by
FDIC Insurance Fund Dow to $10 Billion; Is Your Money Safe?
The FDIC reported today that the situation is still grim in the nation's banking sector. The number of problem banks rose from 305 to 416 and the FDIC's deposit insurance fund fell to $10 billion from over $40 billion last year. Is your money safe?
Posted on August 27, 2009 by
FDIC Limits Rates on Banks Without Adequate Capital
The FDIC today passed a final ruling today that amends the rate that undercapitalized institutions can offer. The ruling will probably allow undercapitalized banks to offer higher rates.
Posted on May 29, 2009 by
The American Bankers Association Asks FDIC To End Bank Competition By Forcing Ally Bank to Lower Deposit Rates
The American Banker's Association sent a ltter to the FDIC's Sheila Bair on May 27th, requesting the agency take action to force Ally Bank to lower its rates. They claim Ally Bank is acting irresponsibly by offering above market rates. I don't see the ABA sending letters to agencies when banks raise the rates on their credit cards to usurious levels.
Posted on May 29, 2009 by
Freedom Bank of Georgia Closed by Regulators, 2009 Bank Toll Up to17
Freedom Bank of Georgia was closed yesterday by the Georgia Department of Banking and Finance. Northeast Georgia Bank assumed the deposits of the bank.
Posted on March 07, 2009 by

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