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Tag Archives: FDIC

FDIC-Insured Banks Post Record Aggregate Quarterly Income

U.S. banking institutions that are insured by the Federal Deposit Insurance Corp. (FDIC) earned an aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion from a year ago, according to the FDIC's Quarterly Banking Profile released Wednesday.

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Mission Capital to Advise on $57.6 Million Loan Sale for FDIC

New York-based real estate capital markets solutions firm Mission Capital Advisors has announced that the Federal Deposit Insurance Corporation (FDIC) has retained the firm's Commercial Loan Sales and Trading Group as the loan sale advisor on a diverse portfolio of loans with an aggregate unpaid principal balance of $57.6 million.

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Judge Rules JPMorgan Chase Is Not Responsible For WaMu’s Pre-September 2008 Liabilities

With the ruling, Judge Rosemary Collyer in the U.S. District Court for the District of Columbia settled a long-standing dispute over who is liable for facing the claims – JPMorgan has contended that the FDIC should be responsible because of its receivership of Washington Mutual, and the FDIC has countered that JPMorgan should pick up the bill because of its acquisition of Washington Mutual.

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Former FDIC Chair Chosen as President of Private Maryland College

Former Federal Deposit Insurance Corp. chair Sheila Bair has been announced as the new president of Washington College, a private liberal arts school in Maryland, according to an announcement from Washington College. Bair will be the 28th president overall and first female president of historic Washington College, which was founded in 1782.

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