The FDIC (Federal Deposit Insurance Corp.) is visably ramping up to handle more bank failures in the coming weeks and months.  It will soon sign a 5-year lease to add five floors to its Dallas, …

“The Federal Deposit Insurance Corp. (FDIC) has been called in as receiver for eight banks through August 4, 2008, following the closure of four institutions in 2007. Prior to the recent closings, the FDIC had …

The FDIC has taken their first step as new owners of IndyMac by stopping all foreclosures on their mortgages. Shelia Bair, the FDIC Chairman, berated mortgage lenders for foreclosing on properties rather than working with the …

Three of the world’s largest banks will report quarterly earnings next week. Many anticipate that JPMorgan Chase, Citigroup and Merrill Lynch will add further writedowns to add to the $400 billion seen since the collapse …

IndyMac Bancorp is shaping up to either be the next bank failure or the next government bailout recipient. IndyMac experienced a “mini run on the bank” over the weekend.