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• The Great ATM Robbery

  …those at smaller lenders." It's hard to determine precisely how much banks are making on annoying fees. According to the FDIC 's most recent quarterly survey , noninterest income rose 10.6 percent between the second quarter of 2008 and 2009, from …

  By Daniel Gross

  10/07/2009Tech and Business
• Why Ken Lewis Gave Up

  …Treasury put another $20 billion from TARP into the bank (bringing the total investment to $45 billion) and Treasury and the FDIC agreed to protect $118 billion in Bank of America loans, most acquired from Merrill. Meanwhile, Bank of America had to deal …

  By Daniel Gross

  10/01/2009Tech and Business
• Fees At Last!

  …assets, the Fed, the Treasury, and the FDIC have charged fees to the participating ……collecting deposit insurance premiums, the FDIC essentially taxes banks to pay for their ……is that the taxpayers will kick in. The FDIC , it turns out, also has been renting …

  By Daniel Gross

  09/24/2009Tech and Business
• A Tale of Two Bailouts

  …the Federal Reserve, the Treasury Department, the Federal Deposit Insurance Corporation , Congress—flooded into the financial sector. They ……Richard Bove, bank analyst at Rochdale Securities. The FDIC has proposed closing the Temporary Liquidity Guarantee Program …

  By Daniel Gross

  09/24/2009Tech and Business
• Banks May Bail Out the Bailout Bailing Out the Banks

  fast. Reports today suggest senior regulators, including the FDIC 's Sheila Bair, are thinking about tapping the nation’s healthyfund that protects bank depositors. The fund, overseen by the FDIC , is rapidly running out of money because of a wave of bank failures

  By Daniel Gross

  09/22/2009Blogs

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