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Federal Reserve Chairman Ben Bernanke prodded Congress on Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. ...more
October 24, 2009
Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more
October 24, 2009
Rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and overseers, regulators said Wednesday. ...more
October 15, 2009
WASHINGTON (AP) — The head of the FDIC says there are no immediate plans to borrow money from the Treasury Department to shore up the shrinking deposit insurance fund. ...more
August 27, 2009
Banks expanded at a breathtaking pace in the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city minority neighborhoods. ...more
August 19, 2009
Regulators have shut down banks in Florida, New Jersey, Ohio and Oklahoma, boosting to 68 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. ...more
July 31, 2009
Federal banking regulators have hit the small First Commercial Bank of Tampa Bay, 4600 W. Kennedy Blvd., with a cease-and-desist order demanding, among other things, the bank improve its finances. ...more
June 28, 2009
Regulators have shut down a big bank in Florida saying it had a severe lack of capital and was not in condition to conduct business. ...more
May 21, 2009
Two plans to attack the credit crisis are careening into each other. The Obama administration is trying to reignite lending by enticing private lenders to buy the toxic assets that have been stuck on the balance sheets of banks. ...more
March 28, 2009
A Georgia bank with a branch in Tampa was taken over by regulators Friday, marking the 21st failure this year of a federally insured bank. ...more
March 28, 2009
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