| 'Bankruptcy Code is not effective in times of severe stress' | 01-NOV-09 |
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| During the recent financial crisis, in order to preserve the stability of the financial system, protect the savings of Americans and prevent greater economic fallout, the government was forced to step in and stand behind almost all of these firms. That cannot happen again. |
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| Banks with 20% unpaid loans at 18-year high | 03-OCT-09 |
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| The number of US lenders that can’t collect on at least 20 per cent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery. |
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| FDIC proposes banks to pre-pay premiums worth $45 bn | 30-SEP-09 |
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| The US Federal Deposit Insurance Corporation, the agency which insures deposits of over 8,000 financial institutions, has proposed these entities to pay up to $45 billion as advance fees to bolster its fund. |
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| FDIC likely to ask banks to prepay fees for three years | 30-SEP-09 |
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| The Federal Deposit Insurance Corporation (FDIC), the agency which insures deposits of over 8,000 US banks, is anticipated to propose the banks to prepay three years’ fees to boost its fund, says a media report. |
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| FDIC likely to ask banks to prepay fees for 3 years | 29-SEP-09 |
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| The Federal Deposit Insurance Corporation, the agency which insures deposits of over 8,000 US banks, is anticipated to propose the banks to prepay three years' fees to boost its fund, says a media report. |
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| Jaimini Bhagwati: Whither economics and finance? | 21-AUG-09 |
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| It would have been inconceivable just a year ago that the US government would need to support Fannie Mae and Freddie Mac and become a de-facto majority shareholder in General Motors, AIG, Citibank and Bank of America, and the UK government would hold controlling shares in the Royal Bank of Scotland. The Financial Times was concerned enough to run a series on the “Future of Capitalism”. |
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| SBI Chicago unit should cater more to local credit needs: FDIC | 06-JUL-09 |
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| A US government body created to restore confidence of the public in the country’s banking system feels that Indian lender State Bank of India’s Chicago unit has to improve to meet the local credit needs. The Federal Deposit Insurance Corporation (FDIC) has concluded that SBI’s Chicago branch needs to improve its compliance with Community Reinvestment Act. |
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| 5 more US banks fail, toll mounts to 45 this year | 28-JUN-09 |
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| Five US banks with total assets of about $1.04 billion were seized by regulators, pushing this year’s tally of failures to 45 as a recession drives up unemployment and home foreclosures. |
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| FDIC presses for Citi's top mgt rejig: Report | 05-JUN-09 |
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| The Federal Deposit Insurance Corp (FDIC) is pressing for top management reshuffle in trouble financial institution Citigroup, a move that may threaten Chief Executive Vikram Pandit's position in the company, a media report says. |
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| Q1 sees 305 'problem' US banks; most in 15 yrs | 27-MAY-09 |
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| The number of "problem" banks in the US shot has up to 305 in the first quarter of this year, the most in 15 years, indicating that the country's financial system continues to experience the tremors of the economic turmoil. |
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Content Guide
