Bankruptcy Judge Rejects FDIC's Suit Against Colonial Bank Parent
Posted by The Distressed Debt Report on September 2, 2010
A U.S. bankruptcy judge rejected a Federal Deposit Insurance Corp. lawsuit claim that bankrupt Colon…
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FDIC, WaMu reach agreement on bankruptcy plan
Posted by Reuters: Business News on May 23, 2010
WASHINGTON (Reuters) – Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank’s creditors, a critical step in the bankruptcy involving the biggest bank failure in U.S. history.
WaMu amends bankruptcy plan
Posted by Reuters: Business News on May 17, 2010
WILMINGTON, Delaware (Reuters) – Washington Mutual Inc proposed an amended plan of reorganization on Monday that would return $7 billion to creditors, but it was unclear if the Federal Deposit Insurance Corp would support the plan.
FDIC floats bank wills, securitization rules
Posted by Reuters: Business News on May 11, 2010
WASHINGTON (Reuters) – The largest U.S. banks would be required to submit plans to regulators for their dismantling in times of severe distress, and securitizations with higher standards would get federal protection, under two rules proposed by the Federal Deposit Insurance Corp on Tuesday.
FDIC needs timely access to big bank information: watchdog
Posted by Reuters: Business News on April 16, 2010
WASHINGTON (Reuters) – The Federal Deposit Insurance Corp needs timely access to information on the large banks whose deposits it insures, a watchdog said on Friday.
JP Morgan payoff in WaMu case faces FDIC hurdle: report
Posted by Reuters: Business News on March 29, 2010
NEW YORK (Reuters) – The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc’s bankruptcy reorganization plan, including a massive tax refund to JPMorgan Chase & Co , according to the company and a Wall Street Journal report.
JPMorgan closes in on tax refund deal with FDIC: report
Posted by Reuters: Business News on March 24, 2010
(Reuters) – JPMorgan Chase is closing in on a deal with the Federal Deposit Insurance Corp (FDIC) that could result in a tax refund of about $1.4 billion for the bank, the Wall Street Journal reported, citing people familiar with the talks.
FDIC may sell bonds tied to failed banks: report
Posted by Reuters: Business News on February 24, 2010
NEW YORK (Reuters) – The Federal Deposit Insurance Corp may start selling bonds tied to the assets of failed banks as soon as next month, according to the Bloomberg news website.
Bank Industry Struggles as Failures Rise, FDIC Insurance Fund Falls
Posted by The Distressed Debt Report on February 23, 2010
The number of banks nearing failure continued to rise and the Federal Deposit Insurance Corp.’s depo…
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Lennar Teams with FDIC to Purchase $3.05B of Loans
Posted by The Distressed Debt Report on February 11, 2010
Homebuilder Lennar Corp. teamed with the Federal Deposit Insurance Corp. to purchase two portfolios …
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