The sale of 1st Mariner Bank to a local group of investors has gained the regulatory approvals needed to move forward, the bank and its acquirer announced Monday.

Tagged with: 1st Mariner Bank Federal Deposit Insurance Corp.

WASHINGTON — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the ...

Tagged with: Bank of America Banks citigroup earnings Federal Deposit Insurance Corp. JPMorgan Chase loans profit wells fargo

WASHINGTON — Banks may be allowed to hold a smaller stake in the mortgage investments they sell if those loans are made to homebuyers with stronger finances. The Federal Deposit Insurance Corp., the Federal Reserve and other agencies on Wednesday ...

Tagged with: Banking Banks Federal Deposit Insurance Corp. federal reserve housing loans mortgage Real Estate

WASHINGTON — Federal regulators took a step Tuesday toward making eight of the largest U.S. banks meet a stricter measure of health to reduce the threat they pose to the financial system. The Federal Reserve, the Federal Deposit Insurance Corp. ...

Tagged with: Banking Banks Federal Deposit Insurance Corp. federal reserve Government money regulations

1st Mariner Bank, a subsidiary of 1st Mariner Bancorp, announced that the Federal Deposit Insurance Corp. has lifted a cease and desist order that it imposed on the Baltimore-based bank in April 2009.

Tagged with: Banks Business Federal Deposit Insurance Corp. First Mariner

WASHINGTON — Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry’s ...

Tagged with: Bank of America Banks citigroup earnings Federal Deposit Insurance Corp. JPMorgan Chase & Co. profits

WASHINGTON — U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that the industry will sustain its healing from the worst financial crisis in decades and help strengthen ...

Tagged with: Banks earnings Economy FDIC Federal Deposit Insurance Corp. united states

WASHINGTON — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. Discover, the sixth-biggest U.S. credit card issuer, will pay ...

Tagged with: Banks Consumer Financial Protection Bureau credit card credit cards FDIC Federal Deposit Insurance Corp.

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...

Tagged with: bank bank of america corp Banks Citigroup Inc. earnings Economy FDIC Federal Deposit Insurance Corp. housing market industry interest rates JPMorgan Chase & Co. revenue rose united states wells fargo & co

WASHINGTON — Regulators plan to employ a strategy for handling big failing banks that would help stabilize the financial system by preserving the banks’ healthy operations, the head of the Federal Deposit Insurance Corp. says. FDIC Acting Chairman Martin Gruenberg ...

Tagged with: Banks FDIC Federal Deposit Insurance Corp. great recession regulators