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Home | News | Government

Regulators Take Possession of Georgia Bank

Regulators Take Possession of Georgia Bank

State and federal regulators announced Friday the closing of a Georgia bank, putting the 2014 national bank failure tally at 13. Georgia's Department of Banking and Finance took possession of Conyers-based Eastside Commercial Bank, appointing FDIC as receiver.

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Republicans to Release Report on the Anniversary of Dodd-Frank

Republicans to Release Report on the Anniversary of Dodd-Frank

Republicans in the House of Representatives are set to mark the four year anniversary of the controversial Dodd-Frank financial reform act with a 100 page report highlighting its perceived failures. Chief among those failures is the fact that the law did not accomplish its purported goal of ending the prospect that banks are “too big to fail.

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S&P May be Reopening Settlement Talks with DOJ

S&P May be Reopening Settlement Talks with DOJ

A year-and-a-half-long legal case between the U.S. Department of Justice and Standard & Poor’s Rating Services could be over soon. According to the Wall Street Journal, S&P is preparing to resume talks with the DOJ in an effort to settle a $5 billion lawsuit filed by the government in February 2013.

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JPMorgan Wary of FHA Business

JPMorgan Wary of FHA Business

In a conference call with analysts following the release of its second quarter earnings report Tuesday, JPMorgan CEO Jamie Dimon took the time to single out Federal Housing Administration (FHA) backed lending as a source of risk for the Megabank.

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