Word: fdic
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Dates: during 1990-1999
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...remaining investor group is bidding only for a small part of Amoskeag, but the Federal Deposit Insurance Corporation (FDIC) may not split up the package, The Globe reported...
...exciting -- or stressful -- as overseeing the turbulent banking industry for the past six years. Since he became chairman of the Federal Deposit Insurance Corporation in 1985, William Seidman has seen more than 1,000 U.S. banks fail, and the number of institutions on the brink continues to grow. The FDIC, which guarantees the nation's bank deposits, has had to pay out more than $24 billion during Seidman's tenure and is running low on reserves. Congress is working on legislation to replenish the funds. No wonder Seidman, 70, has decided to step down when his term ends in October...
...members of the Bush Administration. He was criticized by some for moving too slowly as head of the Resolution Trust Corporation, the government agency charged with managing and selling off foreclosed properties in the wake of the savings-and- loan mess. The likely candidate to succeed him at the FDIC: Federal Reserve director of banking supervision William Taylor...
...market account with a brokerage firm. Some people shy away from such accounts because they aren't protected by the Federal Deposit Insurance Corp., but they now have reason to reconsider. One Wall Street company, Prudential Securities, has an "insured income account," including checking privileges, that comes with the FDIC's $100,000 guarantee. (To get the government protection, the parent company, Prudential Insurance, bought a finance company covered by the FDIC...
CREDIT: Source FDIC...