Search results
Results from the WOW.Com Content Network
IndyMac, a contraction of Independent National Mortgage Corporation, was an American bank based in California that failed in 2008 and was seized by the United States Federal Deposit Insurance Corporation (FDIC). Before its failure, IndyMac Bank was the largest savings and loan association in the Los Angeles area and the seventh largest mortgage ...
The Federal Financial Institutions Examination Council ( FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2] It also oversees real estate appraisal in the ...
A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...
As the White House weighs a new nominee to replace the outgoing, embattled chairman of the Federal Deposit Insurance Corporation, several existing Biden administration financial regulators are ...
The FDIC reported it had 92 harassment complaints between 2015 and 2023, and none resulted in a termination, reduction in pay or rank, or discipline more serious than a suspension, according to ...
The Federal Deposit Insurance Corporation ( FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [7] : 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system.
Martin James Gruenberg (born April 1, 1953) is an American attorney who has been chairman of the Federal Deposit Insurance Corporation (FDIC) since 2023. Gruenberg previously served as FDIC chairman from 2012 to 2018; as well as on an acting basis from 2005 to 2006 and 2011 to 2012.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) abolished the FSLIC, and it transferred the responsibility for savings and loan deposit insurance to the Federal Deposit Insurance Corporation (FDIC). The FSLIC Resolution Fund was created to assume all the assets and liabilities of the FSLIC, which was to be ...