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Banks in position to lend more: FDIC

WASHINGTON (Reuters) – The U.S. banking industry continues to recover from the economic downturn and the 2007-2009 financial crisis, with profits rising over the past year, but the improvement can only continue if lending picks up, the Federal Deposit Insurance Corp said. The FDIC on Tuesday released its latest quarterly…

US charges 3 with negligence in WaMu bank collapse

WASHINGTON (AFP) – The US government accused three bankers Thursday with reckless mismanagement that led to the country’s largest-ever bank collapse during the 2008-2009 home loan crisis. In rare charges brought against bankers involved in the home-finance industry collapse, the Federal Deposit Insurance Corporation told Seattle federal district court that…

FDIC wants pension funds to prop up failed banks

Over 140 U.S. lenders folded in 2009 alone. To remedy the financial void left in their wake, the Federal Deposit Insurance Corporation wants public pension funds, which safeguard the retirement funds of millions, to buy in part or in whole the banks that couldn’t manage to keep their depositors’ funds.…

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