| Banking regulation prime concern: Fed | 22-NOV-09 |
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| Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter. |
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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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| Nine US banks pay $32.6 bn bonus in 2008 | 31-JUL-09 |
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| They survived the financial turmoil with taxpayers money, still nine leading US banks shelled out more than $32 billion in bonus to their employees last year, with crisis-ridden Citigroup alone paying $5.3 billion. |
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| Key messages | 30-JUL-09 |
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| GE Capital: GE Capital is taking on the doubters. General Electric’s finance arm on Tuesday addressed investors sceptical of its fit within the industrial conglomerate. Chief among the messages: the business is adequately funded; it has enough capital to handle potential loan losses; and it is basically above average in what it does relative to big US banks. |
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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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| 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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| Libor plunge: False profits | 23-MAY-09 |
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| Free money is usually a good thing. So three-month unsecured loans carrying less than 1 per cent interest would normally be thought of a boon for banks. It allows US banks to borrow cheaply and lend for several percentage points more — giving them a way to earn their way out of their current troubles. |
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| Major US banks said to apply to repay Tarp | 20-MAY-09 |
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| Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley applied to refund a combined $45 billion of government funds, people familiar with the matter said, a step that would mark the biggest reimbursement to taxpayers since the program began in October. |
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| Paulson told bankers to take US taxpayer aid or be 'exposed' | 15-MAY-09 |
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| Former Treasury Secretary Henry Paulson, saying nine US banks were “central to any solution” of the credit crisis, told their leaders to take government aid or be forced to by regulators, according to a memo prepared for an October meeting. |
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| Letters: Stressed tests | 12-MAY-09 |
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| Now that the results of the stress tests of US banks are out, there is a lot of relief. This is unfounded since $75 billion, which is what the tests say is needed to recapitalise banks, is a lot of money. But even more important, it is not clear that these tests reveal the whole picture. Reports in several leading newspapers suggest that this figure is the lowest in the range of what is actually required. Banks were given the results of these tests many weeks ago and what followed was a lengthy period of negotiation in which bank economists tried to educate Fed officials on why they were not in as bad a shape as believed. |
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