Failures

Will reg relief plan bring back failure-related risks?

04/15/19

Despite consensus that regulators should ease so-called “living will” requirements by some degree, critics charge that a proposal by the Fed and FDIC could undo gains in making large banks easier to resolve.

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CEO of failed credit union says examiner past helped fuel fraud

04/01/19

Edward Rostohar was arrested after his wife informed authorities he stole from CBS Employees Federal Credit Union and was preparing to flee the country.

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PwC reaches $335M settlement on audit of failed bank, admits no guilt

03/15/19

PricewaterhouseCoopers settled a lawsuit in which the FDIC accused it of negligence in its role as external auditor for Colonial Bank. But FDIC board member Martin Gruenberg objected because the firm did not accept blame.

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OCC’s lax oversight compounded costs of thrift failure, IG says

11/08/18

Examiners could have done more to minimize the brunt to the Deposit Insurance Fund from Washington Federal Bank for Savings, which hid fraudulent loans and will cost the fund more than $80 million, according to a report from the Treasury’s inspector general.

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BankUnited gets FDIC approval to sell portfolio of covered loans

11/05/18

The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009.

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BankUnited to sell portfolio of covered loans to the FDIC

11/05/18

The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009.

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Two former bank executives sentenced for role in Calif. bank's failure

08/06/18

Bankers at Sonoma Valley Bank were convicted of bank fraud, money laundering and other offenses.

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Streak of zero bank failures can only last so long

07/11/18

Economic cycles do turn, eventually. And it is inevitable that the industry will fall victim to a new approach to banking that will fall flat in a downturn.

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PwC held accountable for bank failure; Fed gets friendly

07/03/18

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

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Popular to record big gain after exiting FDIC loss-share agreement

05/24/18

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.

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