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BBT reaches agreement to buy Colonial BancGroup
- Posted by jrreader
on Fri 08/14/2009 10:07 AM
According to a WSJ report, BB&T reached an agreement with The Federal Deposit Insurance Corp(FDIC) to buy deposits and the 355 branches of Colonial BancGroup. The FDIC is taking Colonial BancGroup into receivership
- 0 votes | 350 views | 0 corp postings| 1 comments
US bank insurance fund FDIC down 20%
- Posted by MoneyMan
on Thu 08/27/2009 1:08 PM
The agency that guarantees bank deposits said Thursday there are no immediate plans to borrow money from the government to bolster its insurance fund, which has shrunk under the weight of collapsing banks according to ap. The fund fell...
- 0 votes | 217 views | 0 corp postings| 1 comments
fdic wants prepaid fees from banks of $45 billion
- Posted by seffner
on Tue 09/29/2009 9:02 AM
The Federal Deposit Insurance Corp. is asking lenders to prepay three years of premiums, raising $45 billion, to replenish reserves drained by the fastest pace of bank failures in 17 years bloomberg reports. The insurance fund will have...
- 0 votes | 164 views | 0 corp postings| 0 comments
FDIC needs cash from the banks it protects
- Posted by forex1
on Mon 09/28/2009 8:01 PM
The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to replenish the deposit insurance fund that has been severely depleted by a rash of bank failures ap...
- 0 votes | 168 views | 0 corp postings| 0 comments
US Bank Bailout fund may need a bailout
- Posted by haroldk
on Sat 09/26/2009 8:36 PM
It's time for Sheila Bair to stop worrying about bailout politics and hit Uncle Sam up for some dough cnn reports. Bair is the chairman of the Federal Deposit Insurance Corp., the federal agency that administers the insurance fund that...
- 0 votes | 251 views | 0 corp postings| 1 comments
3 more US banks fail
- Posted by stocktrader
on Fri 08/28/2009 10:03 PM
Regulators closed banks in California , Maryland and Minnesota yesterday, pushing U.S. bank failures to 84 this year amid continuing fallout from the worst economic crisis since the Great Depression bloomberg...
- 0 votes | 183 views | 0 corp postings| 0 comments
Regulators shut down 3 banks
- Posted by Bullish
on Sat 10/16/2010 2:56 PM
Regulators on Friday seized three banks in Kansas and Missouri, raising to 132 the number of U.S. banks that have been brought down this year by mounting loan defaults and the sputtering economy ap reports. The Federal Deposit Insurance...
- 0 votes | 146 views | 0 corp postings| 0 comments
Investors pay the price when government steps in to save banks
- Posted by Brad_10
on Tue 01/18/2011 6:42 PM
Creditors and shareholders will now have to absorb some of the losses when the federal government steps in to dismantle large failing financial firms. The Federal Deposit Insurance Corp. on Tuesday approved the new rule that was required...
- 0 votes | 116 views | 0 corp postings| 0 comments
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