Number of problem banks fell to 865 in Q2
A government report shows the number of troubled banks fell for the first time in five years. The Federal Deposit Insurance Corp. says there were 865 banks on its confidential “problem” list in the...
View ArticleFDIC gives First Central Savings poor grades
At least in part due to limits placed on its lending, Glen Cove-based First Central Savings Bank has been given poor grades by the Federal Deposit Insurance Corp. in its latest Community Reinvestment...
View ArticleLarge banks must show how they would wind down
The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 Tuesday to...
View ArticleFannie Mae cited for failing to stop robo-signing
Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal...
View ArticleWatchdog: Regulators bowed to banks on bailout
Federal regulators bowed to pressure from big banks seeking a quick exit from the financial bailout program and did not uniformly apply the government’s own conditions set for repaying the taxpayer...
View ArticleLong Island’s big 3 banks get bigger
It looks like the biggest banks are getting bigger on Long Island. The three biggest banks in Nassau and Suffolk counties are attracting more deposits and growing their market share even as they...
View ArticleFDIC backs ban on banks trading for own profit
Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0...
View ArticleLost & found
When New York Community Bancorp laid off employees last week, Suzanne Fox found herself without a job. But not for long. Three working days later, Fox headed off to work with almost the same commute....
View ArticleBank earnings hit highest level in 4 years
Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The...
View ArticleConsumer-finance watchdog probes overdraft fees
The government’s new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks. The Consumer Financial Protection Bureau said Wednesday that it will ask banks for...
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