Regulators, Federal Deposit Insurance Corporation | featured news

(Image from article: "Bair to step down as FDIC chairman in July")

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FDIC Must Face $10 Billion WaMu Suit

The Federal Deposit Insurance Corp. must face a $10 billion lawsuit over the toxic remnants of Washington Mutual Bank, a federal judge ruled.

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FDIC Shuts Pennsylvania Bank, in Year's 65th Failure

Regulators closed Public Savings Bank of Huntingdon Valley, Pa., on Thursday, boosting to 65 the number of U.S. bank failures this year.

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Government default would be "calamitous": FDIC's Bair

A senior banking regulator urged Congress to raise the federal debt ceiling to prevent a "calamitous" government debt default.

Bair to step down as FDIC chairman in July

Sheila Bair, one of the most visible regulators who navigated the recent financial crisis, will leave the Federal Deposit Insurance Corp on July 8, the agency announced on Monday.

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