By Mark A. Calabria The recent losses at JP Morgan have renewed calls to break up the banks and/or increase regulation of the banks. I’ve written elsewhere why I believe these losses do not justify more regulation, particularly of the Volcker rule variety. While I have some sympathy with the break them up view, and a number of people [...] Limit Access to Deposit Insurance Fund is a pos
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Federal regulators shut down Park Avenue Bank in New York today, marking the 28th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was appointed receiver of Park Avenue Bank. It had $520.1 million i... Read Post
China is preparing to introduce bank deposit insurance as the first step in a wave of financial reforms. The country's leaders believe a formal system of bank deposit insurance is needed as firms have increased lending and begun to ... Read Post
Declaring the decline in its insurance fund an emergency, the board of the Federal Deposit Insurance Corporation imposed on Friday a one-time $15 billion increase in insurance premiums on the nation's 8,300 banks. Read Post