The Federal Deposit Insurance Corporation (FDIC) has completed the sale of IndyMac Federal Bank FSB, Pasadena, California, to OneWest Bank, FSB, a newly formed Pasadena, California-based federal savings bank organized by IMB HoldCo LLC. OneWest will assume all deposits of IndyMac Federal.
GAO: Review of Regulators' Oversight of Risk Management Systems at Large, Complex Financial Institutions:
The banking and securities regulators use a variety of tools to identify areas of risk and assess how large, complex financial institutions manage their risks.
The Federal Reserve Board on Thursday announced that the set of eligible collateral for loans extended by the Term Asset-Backed Securities Loan Facility (TALF) is being expanded to include four additional categories of asset-backed securities (ABS).
FDIC's Division of Insurance and Research Testimony on Deposit Insurance:
Chairman Johnson, Ranking Member Crapo and members of the Subcommittee, I appreciate the opportunity to testify on behalf of the Federal Deposit Insurance Corporation (FDIC) on current issues in deposit insurance.
Chairman Dodd, Ranking Member Shelby and members of the Committee, I appreciate the opportunity to testify on behalf of the Federal Deposit Insurance Corporation (FDIC) on the need to modernize and reform our financial regulatory system.
The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today launched a new website for consumers seeking information about the Obama Administration's Making Home Affordable loan modification and refinancing program.
Statement of Scott M. Polakoff, Acting Director, Office of Thrift Supervision concerning Lessons Learned in Risk Management Oversight at Federal Financial Regulators before the Committee on Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance, and Investment, United States Senate.
Statement of Scott M. Polakoff, Acting Director, Office of Thrift Supervision on American International Group's Impact on the Global Economy: Before, During, and After Federal Intervention before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Committee on Financial Services,...
Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner Timothy W. Long testified today about risk management before the Subcommittee on Securities, Insurance, and Investment of the Senate Committee on Banking, Housing, and Urban Affairs.
The Government Accountability Office (GAO) today released the following reports, testimony, and correspondence.
Federal financial assistance to AIG, both from the Federal Reserve and Federal Reserve Bank of New York through their authority to lend funds to critical nonbank institutions and from Treasury's Troubled...
On March 17, 2009, the FDIC adopted an interim rule that extends the debt guarantee component of the Temporary Liquidity Guarantee Program and imposes surcharges on existing rates for certain debt issuances.