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Michael Perry, former CEO of IndyMac

Former IndyMac CEO and FDIC Agree to $12 Million Settlement

Michael Perry will pay the FDIC $1 million in cash from his personal funds, while the FDIC can seek the rest from Perry's professional liability insurers.
FDIC Prevails in Suit Blaming IndyMac Execs for Construction Losses
CEO of Failed IndyMac Settles SEC Negligence Suit for $80,000
Consumer Finance
Regulation & Reform

Breaking News

Regulators Seize Small Bank in Missouri 06:04PM ET

Overdraft Revenue Begins to Rebound 04:20PM ET

Cornerstone in New Jersey Names New President, Chairman 03:38PM ET

Activist Group Threatens Orrstown with Litigation 02:12PM ET

Regulators Lift Order Against Timberland Bank in Washington 02:00PM ET

B of A Sues MBIA Over Changes to Senior Debt 12:50PM ET

Jeffersonville Bancorp in N.Y. to Change Bank Name, Scrap Federal Charter 12:33PM ET

New from American Banker, a concise roundup of Dodd-Frank coverage — from our own site and around the Web.

Update for December 14

Who is to Blame for TAG Defeat?
Majority Leader Harry Reid's proposed two-year extension of the Transaction Account Guarantee has been put to a... more »

PacWest CEO Matt Wagner

PacWest Interested in More M&A, But Sees Fewer Prospects

The rising price of bank targets along the central California coast could make expansion there more difficult, PacWest CEO Matt Wagner recently told investors at a meeting hosted by Sandler O'Neill.
First California Relents, Agrees to Sell to PacWest
PacWest's Moves Raise Specter of Hardball Bank M&A
Private Equity Is the Fire in PacWest's Belly
Mergers & Acquisitions
Community Banking

Technology

Image: Bloomberg News
How HSBC's Money Laundering Settlement Will Impact IT
HSBC will undertake a review and correction of policies that could cost nearly $1 billion. It's already increased spending on anti-money-laundering technology 900%.
Post-HSBC, Banks Rethink Anti-Laundering Tech

Washington

Federal Reserve Board Gov. Daniel Tarullo (Image: Bloomberg News)
Fed Moves to Overhaul Supervision of Foreign Banks in U.S.
After spending nearly a year deliberating on an approach, the Federal Reserve Board on Friday released a proposal that will overhaul the way regulators will supervise foreign banks that operate in the United States, a significant shift from its longstanding case-by-case method.

Mergers & Acquisitions

Kessel Stelling, chief executive of Synovus
Loan Sale is Latest Chapter in Synovus' Comeback Story
The Georgia company and CEO Kessel Stelling should be able to devote more resources to loan growth, industry observers say.
Synovus Feels Pressure to Keep the Profits Coming

Regulation & Reform

Sen. Bob Corker (Image: Bloomberg News)
With TAG Near Death, Finger-Pointing Begins
A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.
Will TAG Extension Clear the Senate?
Florida Insurance commissioner Kevin McCarty

Force-Placed Insurer Offers 19% Rate Cut in Florida

QBE's concession, made amid scrutiny of its relationship with major banks, would save investors and homeowners in the state $98 million a year. Part of that money would come from reducing the commissions it pays to banks.
Risk Management
Regulation & Reform

Community Banking

Robert Entringer, North Dakota banking commissioner
N.D. Fee Controversy Strengthens Case Against State-Owned Banks
A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.

Regulation & Reform

Sen. Tim Johnson (Image: Bloomberg News)
Senate Banking to Shake Up Staff; Panel Chief Leaving
Dwight Fettig, the staff director of the Senate Banking Committee, will return to the private sector at yearend, while several other staffers are receiving promotions. Charles Yi, the chief counsel and deputy staff director, will succeed Fettig.

Consumer Finance

Image: Matthew G. Bisanz
Report Urges Banks to Expand Service to Unbanked
Banks might have more success winning over underbanked consumers if they lowered initial deposit requirements and offered banking services to noncustomers, according to a new report from the Federal Deposit Insurance Corp.

Washington

Rep. Jeb Hensarling (Image: Bloomberg News)
House Republicans Blast Volcker Rule
House Republicans continued their attacks on the Volcker Rule on Thursday, arguing it was unnecessary and overly complex just a day after Federal Reserve Board Chairman Ben Bernanke signaled regulators were close to finalizing it.
Regulators Inch Closer to Final 'Volcker Rule'

American Banker Magazine

Best in Banking
Huntington's Stephen Steinour received our Banker of the Year award for 2012. Find out who we chose for honors in community banking, innovation and lifetime achievement.

Bank Technology News

Innovation Down Under
Now that Commonwealth Bank of Australia has completed its high-profile, four-year core conversion, CIO Michael Harte is shifting attention to customer analytics and real-time decisions.

Special Reports

Benchmarking & Data

  • Ranking the Banks
    Ranking the Banks
    A comprehensive database of bank rankings, league tables and vital statistics
  • Rate Tracker
    Rate Tracker
    Monitor and look up average deposit and loan rates by product and by state
  • Board Reports
    Board Reports
    A quarterly assessment of the key metrics that drive bank performance
  • Product Management
    Product Management
    Comparative analysis of deposit, loan, and investment product performance
  • Profitability Management
    Profitability Management
    Principal operating ratios that dissect non- and net-interest income and expenses
  • Regulatory
    Regulatory Reports
    A peer evaluation of compliance based on the primary regulatory metrics and ratios
  • Risk Management Reports
    Comprehensive assessment of capital, asset quality, liquidity and performance

2012 Best in Banking

Banker of the Year: Steinour
Community Bankers of the Year:
   Corbett, Paul, Nash
Innovator of the Year: Dorsey
Lifetime Achievement: Frank

In Pictures
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