Joe Adler

On the heaviest night of bank closures this year, regulators across four states on Friday shuttered a total of five institutions, bringing the year's failure total to 22 and costing the Federal Deposit Insurance Corp. more than $270 million.

Although the Government Accountability Office gave the Federal Deposit Insurance Corp. its stamp of approval for 2010 and 2011 financial statements, the watchdog yet again said that the FDIC had overestimated the cost of certain of loss-sharing deals.

At the first public meeting Monday of the reconstituted Federal Deposit Insurance Corp. board, agency officials eased projections for future bank failures.

While Senate Republicans seem to have largely moved past President Obama's controversial recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, it was clear Thursday that the House GOP has not.

While Senate Republicans seem to have largely moved past President Obama's controversial recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, it was clear Thursday that the House GOP has not.

Allowing the controversial Transaction Account Guarantee program to expire on schedule this year could provide a critical boost to the Federal Home Loan Banks, according to a new argument by opponents of the government guarantee.

The Federal Deposit Insurance Corp. warned officers and directors facing potential lawsuits from the agency not to remove internal documents from a failing bank's premises.

The Obama administration's proposed 2013 budget unveiled Monday predicted that the Deposit Insurance Fund will once again go insolvent, clashing with the Federal Deposit Insurance Corp.'s own projections.

President Obama announced Tuesday night a plan to collect fees from large banks to help fund greater loan refinancings for underwater mortgagors.

Richard Cordray is center stage not just at a brand-new regulator. The director of the Consumer Financial Protection Bureau will also play a crucial role at an agency born of bank runs and the Dust Bowl and intimately involved in mortgage issues.

Four federal regulators on Friday announced they would give commenters an additional month to weigh in on sweeping restrictions to banks' proprietary trading vehicles.

Most thrift holding companies will get a two-year phase in period for following Federal Reserve Board reporting requirements while others will initially be exempted, the central bank said Friday.

The Obama administration is considering nominating Jeremiah Norton, an executive director for JPMorgan Chase & Co.'s investment bank, to sit on the Federal Deposit Insurance Corp.'s board of directors.

The Senate Banking Committee has scheduled a vote Tuesday on Thomas Hoenig to become vice chairman of the Federal Deposit Insurance Corp.

The Treasury Department is stepping up efforts to unwind its remaining commitments from the 2008 bailout.

The nominee to run the Federal Housing Administration opposes extending higher limits on federally-insured loans.

The freeze on confirming picks to the Federal Deposit Insurance Corp.'s board appears to be melting.

A judge has given the Federal Deposit Insurance Corp. and former executives at Washington Mutual Bank until yearend to settle civil charges related to the thrift's 2008 failure, raising the likelihood of an out-of-court resolution.

Thomas Hoenig's retirement from regulatory work was apparently short-lived.

As the stock prices of the big banks cratered on Monday, particularly for Bank of America, pundits and industry observers began worrying that a second financial crisis was in the offing, including the possibility of the failure of a large financial institution.