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May 23, 2013 |Story| Los Angeles Times
  • Highlights
    May 23, 2013 |Story| Los Angeles Times

  • A collection of news and information related to Federal Deposit Insurance Corporation published by this site and its partners.

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      May 21, 2013 |Story| South Florida Sun-Sentinel

    1. OptimumBank leaders determined to ride out storm

      The numbers would make anyone blink: Bad loans account for nearly a fifth of Fort Lauderdale-based OptimumBank's $88.6 million loan portfolio. But this isn't a tale of woe from the Great Recession. It's happening this year. There may be more bad times ahead, warns new OptimumBank CEO Timothy Terry, but he is still hoping to turn a profit by the end of the year.
      The numbers would make anyone blink: Bad loans account for nearly a fifth of Fort Lauderdale-based OptimumBank's $88.6 million loan portfolio. But this isn't a tale of woe from the Great Recession. It's happening this year. There may be more bad times...

      Tags: Fort Lauderdale, Deerfield Beach, Loans, Tamarac, Services and Shopping

      2. May 20, 2013 |Story| Daily Press

    2. Atkins named King William Essex Bank manager

      Essex Bank is proud to announce the appointment of Ashley Sines Atkins as branch officer at the bank's King William Office. A resident of King Williams County, Ms. Atkins is a graduate of Longwood University, earning a Bachelor of Arts degree in...

      Tags: Economy, Business and Finance, Finance, Essex (Baltimore, Maryland), Media Industry, Banking

      3. May 19, 2013 |Story| South Bend Tribune

    3. Niles Library offers financial classes

      South Bend Tribune
      NILES — “Making Change” is about taking control of your financial life. In a recent financial literacy survey, 40 percent of U.S. adults gave themselves a C, D or F on their knowledge of personal finance. And nearly four out of five...

      Tags: Personal Finance, The Salvation Army

      4. May 15, 2013 |Story| Chicago Tribune

    4. U.S. Bank to brand LaSalle Street Tower

      Trying to raise its profile in Chicago, Minneapolis-based U.S. Bank said it has secured the naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent.
      Trying to raise its profile in Chicago, Minneapolis-based U.S. Bank said it has secured the naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent. The street-level U.S. Bank Building signage should go up...

      Tags: Labor Legislation, Park National Corporation, Marketing, Corporate Performance, Career and Workplace

      5. May 15, 2013 |Story| Chicago Tribune

    5. U.S. Bank gains naming rights to LaSalle Street building

      Trying to raise its profile in Chicago, Minneapolis-based <strong>U.S. Bank</strong> said it has secured naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent.
      Trying to raise its profile in Chicago, Minneapolis-based U.S. Bank said it has secured naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent. The street-level U.S. Bank Building signage should go up this...

      Tags: University of Chicago, Banking, U.S. Securities and Exchange Commission, Employees, Hyde Park

      6. May 14, 2013 |Story| Allentown Morning Call

    6. Manager pleads guilty in Allentown mortgage fraud case

      The manager of an Allentown mortgage company who obtained fraudulent loans worth $1.5 million has pleaded guilty in federal court. Joel Tillett, 36, of Whitehall Township admitted to conspiracy and forging loan documents to ensure clients' mortgage...

      Tags: Defendants, U.S. Department of Housing and Urban Development, Whitehall, Trials, Federal Housing Administration

      7. May 13, 2013 |Column| Orlando Sentinel

    7. Will Dodd-Frank save (or stifle) capitalism?

      WASHINGTON -- It's been five years since the onset of the financial crisis -- the rescue of Bear Stearns in March 2008 -- and we still don't know whether the financial system is safe. In a recent speech, Daniel Tarullo, the Federal Reserve's point man on regulation, contended that substantial, though incomplete, progress has been made. As an example, he cited the doubling of equity capital for the 18 largest bank holding companies from $393 billion in late 2008 to $792 billion at the end of 2012. Equity capital is shareholders' money; it acts as a buffer against losses. Interestingly, JPMorgan Chase's well-publicized $6 billion loss by the trader nicknamed the "London Whale" confirms the point. Despite the loss's size, it never threatened a panic or overall financial stability.
      WASHINGTON -- It's been five years since the onset of the financial crisis -- the rescue of Bear Stearns in March 2008 -- and we still don't know whether the financial system is safe. In a recent speech, Daniel Tarullo, the Federal Reserve's point man...

      Tags: Litigation and Regulation, Economy, Business and Finance, Judges, U.S. Consumer Financial Protection Bureau, Federal Reserve

      8. May 10, 2013 |Story| Los Angeles Times

    8. Freshman senator with senior pluck takes on the financial industry

      WASHINGTON &mdash; Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill.
      WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...

      Tags: Economy, Business and Finance, Freddie Mac, U.S. Consumer Financial Protection Bureau, Fannie Mae, Banking

      9. May 10, 2013 |Story| Herald Mail

    9. Allan Powell: The feminine touch in finance

      One can but admire a woman brave enough to pick a professional career in which she will be surrounded and greeted with patronizing glances from self-assured males. This was the call made by Sheila Bair, who was appointed Chairman of the FDIC (Federal...

      Tags: Economy, Business and Finance, George W. Bush, Finance, Federal Reserve, Sheila Bair

      10. May 6, 2013 |Story| Daily Press

    10. Gloucester residents falling victim to online fraud

      The Gloucester County Sheriff's Office has recently seen a rise in the number of county residents claiming they are victims of financial fraud crimes in which their debit and credit card numbers are compromised, with charges showing up out of state....

      Tags: Crime, Law and Justice, Credit and Debt, Computer Crime

      11. May 4, 2013 |Story| Daily Pilot

    11. Flood risk: Bane of Balboa Island's existence

      Craig Schusterick, his workman's hands powdery white with construction grit, led the way across Onyx Avenue on Balboa Island to show off his handiwork.
      Craig Schusterick, his workman's hands powdery white with construction grit, led the way across Onyx Avenue on Balboa Island to show off his handiwork. His nearly complete three-story home — designed with solid wood paneling to echo the Cape Cod...

      Tags: Real Estate Buyers, Disasters and Accidents, Religion and Belief, Insurance, Oceans

      12. May 3, 2013 |Story| Baltimore Sun

    12. Working poor didn't cause crash

      I must take issue with letter writer Stanley Glinka's assertion that it was "the policy of forcing banks to give loans to people who could not afford them" that led to our current financial mess ("Stop blaming Bush," May 1).
      I must take issue with letter writer Stanley Glinka's assertion that it was "the policy of forcing banks to give loans to people who could not afford them" that led to our current financial mess ("Stop blaming Bush," May 1). First of all, we need to...

      Tags: American International Group, Personal Income

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