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Fdic News

U.S. regulator sues 16 banks for rigging Libor rate

The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor i...

FDIC reports banks earned $14.5 billion in third quarter

Washington - The Federal Deposit Insurance Corporation (FDIC) released a statement on Tuesday that commercial banks and savings institutions that it insures reported an aggregate profit of $14.5 billion in the third quarter of 2010.

Bank Failures have doubled in 2010

While non-bank mortgage lenders have seen a big decline in failed companies, banks failures have increased in the first few months of 2010.

Regulators Close 3 More U.S. Banks, 98 Failures in 2009

The number of bank failures in the U.S. in 2009 reached 98 on Friday evening after regulators closed three banks, one each in Minnesota, Michigan and Colorado.

94 Bank Failures in U.S. in 2009

The total number of bank failures in the U.S. during 2009 has risen to 94 after the Federal Deposit Insurance Corp. (FDIC) announced that it had closed down two subsidiaries of the Irwin Financial Corporation, which is based in Columbus, Indiana.

NetBank Joins The Deadpool, FDIC protection for customer

NetBank online banking startups were closed Friday after intervention from the US Office of Thrift Supervision and the Federal Deposit Insurance Corporation (FDIC). For customers with $100,000 in their bank account are protected by FDIC.
 

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