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Bank on a advance premiums for FDIC

...each got a $506 refund check from the FDIC. But that was then. Now the FDIC's coffers have been laid low by 124 bank failures in two years. The first call the FDIC made to banks was to pony up an extra premium for deposit insurance, a special...
Losses continue at Alaska Pacific Bank

...That's the fee the FDIC charges to fund insurance on bank deposits, but it has been hit hard by the cost of multiple bank failures elsewhere in the country. Deposits at Alaska Pacific and other FDIC insured banks are guaranteed by the federal government...
This Day in History

...diverted to Nicaraguan rebels. In 1997, President Clinton and Pacific Rim leaders meeting in Vancouver, British Columbia, approved a rescue strategy for Asian economies shaken by plunging currencies, bank failures and bankruptcies.
George W. Bush could be seen as a modern Herbert Hoover

...banks it deemed creditworthy. By 1932, the RFC was making loans. Yet with the economy in free fall, the rate of bank failures increased until Hoover's successor, Franklin Roosevelt, created the Federal Deposit Insurance Corp. Having done...
Find ways to serve others

...the federal government's purchases mortgage-backed securities from the nation's ailing banks? Bad loans and bank failures are all too reminiscent of the forces which ushered in the Great Depression three quarters of a century ago. There...
Juneau Empire Online Frontiers: Find the villains in your own family tree 7/26/98

...late 1700s, Alexander Macomb was targeted by Congress for treason and jailed for a questionable bond deal that caused bank failures. The treasury secretary intervened, and Macomb walked. But his descendant, Murray McCombs of Toronto, also claims...
Meltdown likely to reverberate

...sales and what turnaround expert William Brandt calls "a nice, long slowdown in the economy." "There will be more bank failures, more retail failures," predicted Brandt, president of the Development Specialists financial consultancy in Chicago...


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