Commercial Banks, Thrifts Report Best Quarterly Profits Since Crisis

Commercial banks and thrifts reported an aggregate profit of $29 billion in the first quarter of 2011, the highest quarterly net income since the 2007 onset of the financial crisis, according to the latest Federal Deposit Insurance Corporation Quarterly Banking Profile, released May 24…

FDIC Opens Dodd-Frank Rulemaking on Pay Limits, Shifts Assessment Burden to Largest Banks

The FDIC Feb. 7 became the first of seven federal agencies to approve a proposed rule to implement Dodd-Frank Section 956 that prohibits incentive based compensation arrangements that encourage inappropriate risk taking by covered financial institutions, and are deemed to be excessive or that may lead to material losses…

FDIC Proposes Deposit Insurance Assessment Changes, Large Bank Rule

The Federal Deposit Insurance Corporation board Nov. 9 approved two rules that would make major changes in the way deposit insurance assessments are calculated and in the way largest banks are handled within…

Six Bank Failures Bring 2010 Total to 96; Cost Deposit Insurance Fund $335 Million

Six bank failures July 16 brought the year’s total of failed federally insured banks to 96, and cost the deposit insurance fund $334.8 million…

FDIC Gets Expanded Backup Supervision under MOU with Other Federal Bank Regulators

As a means of protecting the deposit insurance fund, the Federal Deposit Insurance Corporation has been granted expanded backup supervision authority…

Bank Profits Reach Two-Year High, but Failures Expected to Peak in 2010

Banks’ aggregate profit reached a two-year high of $18 billion in the first quarter of 2010, but the number of troubled banks also rose to 775, the highest since June 30, 1993, according to…

FDIC Proposes to Charge Higher Premiums to Banks with High-Risk Compensation Plans

Banks whose compensation and incentive packages encourage excessive risk taking would have to pay up front in the form of higher deposit insurance premiums under a Jan. 12 Federal Deposit Insurance Corporation proposal…