insurance fund
| 10:00AM 9/29/2009
The FDIC is running out of time to make a crucial decision about how to raise funds to rebuild its dwindling insurance fund. If it wants to raise funds by a special assessment, it must announce that it's doing so by Sept. 30 so that banks can set aside funds in the next quarter.
The FDIC must...
| 9:40AM 9/22/2009
In a reversal of fortunes, the FDIC may need to turn to healthy banks for money to help bail out the FDIC's insurance fund, which is running out of money as it tries to rescue all the failed banks, the New York Times reported Tuesday. Banks like this deal because they can lend money to the FDIC...