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Results: 1-10 of 69

IMF issues biannual Global Financial Stability Report
  • Alston & Bird LLP
  • Global
  • October 1 2010

On Wednesday, the IMF released chapters 2 and 3 of their biannual Global Financial Stability Report, which the IMF referred to as the "analytical chapters."


Premier American Bank assumes deposits of Peninsula Bank
  • Alston & Bird LLP
  • USA
  • June 28 2010

On Friday, the Florida Division of Financial Institutions closed Peninsula Bank, headquartered in Englewood, Florida, and appointed the FDIC as receiver for the bank


Morris Bank assumes all of the deposits of The Gordon Bank
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Georgia Department of Banking and Finance closed The Gordon Bank, headquartered in Gordon, Georgia, and appointed the FDIC as receiver


FDIC announces open door policy for upcoming rulemaking process
  • Alston & Bird LLP
  • USA
  • August 12 2010

Earlier today, the FDIC announced that it will have an "open door policy" with regards to the upcoming rulemaking process related to the Dodd-Frank Wall Street Reform and Consumer Protection Act


Student loan changes included in healthcare legislation
  • Alston & Bird LLP
  • USA
  • March 30 2010

Earlier today in Alexandria, Virginia, President Obama signed legislation that will revamp the federal student loan program in what he called “one of the most significant investments in higher education since the G.I. Bill.”


Shelby takes issue with Geithner statement
  • Alston & Bird LLP
  • USA
  • March 26 2010

Yesterday, Senator Richard Shelby (R-AL), the ranking member of the Senate Banking Committee, sent a letter to Treasury Secretary Timothy Geithner stating that Secretary Geithner had mischaracterized Shelby's position on Committee Chairman Christopher Dodd's (D-CT) financial reform bill in Geithner's speech to the American Enterprise Institute on Financial Reform on March 22


FDIC holds roundtable discussion on investing in failed banks
  • Alston & Bird LLP
  • USA
  • March 23 2010

Yesterday, senior FDIC officials held a roundtable discussion with a number of pension funds, investment managers, and other interested groups regarding the FDIC Statement of Policy on the Acquisition of Failed Insured Institutions, which was published last September


Financial Crisis Inquiry Commission holds first public hearing
  • Alston & Bird LLP
  • USA
  • January 14 2010

Yesterday, the Financial Crisis Inquiry Commission (FCIC) held its first public hearing to discuss the causes of the financial markets crisis


FDIC and Bank of England announce MOU addressing collaborative resolution authority
  • Alston & Bird LLP
  • United Kingdom, USA
  • January 22 2010

Today the FDIC and the Bank of England announced their agreement to a memorandum of understanding (MOU) reflecting the shared commitment by the FDIC and the Bank of England to work together to a greater extent when they act as resolution authorities with respect to troubled financial institutions that operate in both the United States and the United Kingdom, including "planning for resolution scenarios, and appropriate simulations, contingency planning or other work designed to improve preparations … for managing and resolving crises involving Firms with cross-border operations."


House Subcommittee holds hearing on foreclosure prevention efforts
  • Alston & Bird LLP
  • USA
  • February 27 2010

On Thursday, the House Oversight Subcommittee on Domestic Policy held a hearing entitled "Foreclosures Continue: What Needs to Change in the Administration's Response?" to discuss the Administration's response to the ongoing foreclosure crisis