103 relations: Alan Greenspan, Arbitrage, Bad debt, Banco Bilbao Vizcaya Argentaria, Bank failure, Bank run, Banking Act of 1935, BBVA Compass, Bloomberg L.P., Bond (finance), Brick and mortar, CAMELS rating system, Canada Deposit Insurance Corporation, Capital adequacy ratio, Capital requirement, Certificate of deposit, Commercial bank, Congressional Research Service, Consumer Financial Protection Bureau, Consumer price index, Continental Illinois, Credit union, David R. Henderson, Deposit account, Deposit insurance, Dodd–Frank Wall Street Reform and Consumer Protection Act, Ex officio member, FDIC Enterprise Architecture Framework, FDIC problem bank list, Federal Deposit Insurance Corporation Improvement Act of 1991, Federal Deposit Insurance Reform Act, Federal government of the United States, Federal Register, Federal Reserve Act, Federal Reserve System, Federal Savings and Loan Insurance Corporation, Financial crisis of 2007–2008, Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Financing Corporation, Fraud, George W. Bush, Glass–Steagall legislation, Great Depression, Guaranty Bank (Texas), Home insurance, Individual retirement account, Insolvency, Insurance, Internet, Jelena McWilliams, ..., John Wiley & Sons, Joseph Otting, Liberty Fund, Life annuity, Life insurance, Line of credit, List of bank failures in the United States (2008–present), List of banks acquired or bankrupted in the United States during the financial crisis of 2007–08, List of largest U.S. bank failures, Manhattan, Martin J. Gruenberg, Mick Mulvaney, Money market account, Money market fund, Mutual fund, National Credit Union Administration, Negotiable instrument, Negotiable order of withdrawal account, Office of the Comptroller of the Currency, Office of Thrift Supervision, Presidency of Franklin D. Roosevelt, President of the United States, Puerto Rico, Receivership, Resolution Trust Corporation, Risk, Safe deposit box, Savings account, Savings and loan association, Savings and loan crisis, Savings bank, Securities Investor Protection Corporation, Spain, State-owned enterprises of the United States, Stock, Systemically important financial institution, Temporary Liquidity Guarantee Program, Texas, Theft, Time deposit, Title 12 of the Code of Federal Regulations, Too big to fail, Transaction account, Uniform Commercial Code, United States Department of the Treasury, United States House of Representatives, United States Senate, United States Treasury security, Vehicle insurance, Washington Mutual, Washington, D.C., William Jennings Bryan, 1933 Banking Act. Expand index (53 more) » « Shrink index
Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006.
In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.
A bad debt is a monetary amount owed to a creditor that is unlikely to be paid and, or which the creditor is not willing to take action to collect because of various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain. The company is a constituent of the IBEX 35 and Euro Stoxx 50 stock market index. In 2007, the firm started an initiative to digitally transform the bank. Following implementation, it saw a 19% year-on-year increase in new customers. As of 2015, the total number of these clients stood at 14.8 million.
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities.
A bank run (also known as a run on the bank) occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function in the near future.
The Banking Act of 1935 passed on August 19, 1935 and was signed into law by the president, Franklin D. Roosevelt, on August 23.
BBVA Compass Bancshares, Inc. (formerly Compass Bancshares) is a bank holding company headquartered in Birmingham, Alabama.
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.
Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure.
The CELS ratings or Camels rating is a supervisory rating system originally developed in the U.S. to classify a bank's overall condition.
The Canada Deposit Insurance Corporation (CDIC; Société d’assurance-dépôts du Canada) is a Canadian federal Crown corporation created by Parliament in 1967.
Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk.
Capital requirement (also known as regulatory capital or capital adequacy) is the amount of capital a bank or other financial institution has to hold as required by its financial regulator.
A certificate of deposit (CD) is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and credit unions.
A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.
The Congressional Research Service (CRS), known as Congress's think tank, is a public policy research arm of the United States Congress.
The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector.
A consumer price index (CPI) measures changes in the price level of of and purchased by households.
The Continental Illinois National Bank and Trust Company was at one time the seventh-largest commercial bank in the United States as measured by deposits with approximately $40 billion in assets.
A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.
David R. Henderson (born November 21, 1950) is a Canadian-born American economist and author who moved to the United States in 1972 and became a U.S. citizen in 1986, serving on President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984.
A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.
Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due.
The Dodd–Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.
An ex officio member is a member of a body (a board, committee, council, etc.) who is part of it by virtue of holding another office.
FDIC Enterprise Architecture Framework is the Enterprise Architecture framework of the United States Federal Deposit Insurance Corporation (FDIC).
In American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks that are in jeopardy of failing.
The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), passed during the savings and loan crisis in the United States, strengthened the power of the Federal Deposit Insurance Corporation.
The Federal Deposit Insurance Reform Act of 2005 (Title II, subtitle B of, with a companion statute, Federal Deposit Insurance Reform Conforming Amendments Act of 2005), was an act of the United States Congress on banking regulation.
The federal government of the United States (U.S. federal government) is the national government of the United States, a constitutional republic in North America, composed of 50 states, one district, Washington, D.C. (the nation's capital), and several territories.
The Federal Register (FR or sometimes Fed. Reg.) is the official journal of the federal government of the United States that contains government agency rules, proposed rules, and public notices.
The Federal Reserve Act (ch. 6,, enacted December 23, 1913) is an Act of Congress that created and established the Federal Reserve System (the central banking system of the United States), and which created the authority to issue Federal Reserve Notes (commonly known as the US Dollar) as legal tender.
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.
The Federal Savings and Loan Insurance Corporation (FSLIC) was an institution that administered deposit insurance for savings and loan institutions in the United States.
The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s.
The Financing Corporation (FICO) is a mixed-ownership United States government-sponsored enterprise that assumed all the assets and liabilities of the insolvent Federal Savings and Loan Insurance Corporation (FSLIC) and operated as a financing vehicle for the FSLIC Resolution Fund after the former was abolished by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd President of the United States from 2001 to 2009.
The Glass–Steagall legislation describes four provisions of the U.S.A Banking Act of 1933 separating commercial and investment banking.
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.
Guaranty Bank was a major bank based in Austin, which collapsed in 2009.
Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence.
An individual retirement account (IRA) is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in the United States.
Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.
Insurance is a means of protection from financial loss.
The Internet is the global system of interconnected computer networks that use the Internet protocol suite (TCP/IP) to link devices worldwide.
Jelena McWilliams (born July 29, 1973) is Chairman of the Federal Deposit Insurance Corporation.
John Wiley & Sons, Inc., also referred to as Wiley, is a global publishing company that specializes in academic publishing.
Joseph M. Otting (born 1957) is an American businessman and government official.
Liberty Fund, Inc. is a nonprofit foundation headquartered in Indianapolis, Indiana which promulgates the libertarian views of its founder, Pierre F. Goodrich through publishing, conferences, and educational resources.
A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive.
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
A line of credit is credit source extended to a government, business or individual by a bank or other financial institution.
The 2008 financial crisis led to the failure of a large number of banks in the United States.
This is a list of banks in the United States affected by the financial crisis of 2007–08.
This is a list of the largest U.S. bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here).
Manhattan is the most densely populated borough of New York City, its economic and administrative center, and its historical birthplace.
Martin J. Gruenberg (born 1953) is the 20th Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC).
John Michael "Mick" Mulvaney (born July 21, 1967) is an American politician of the Republican Party serving in President Donald Trump's cabinet as Director of the Office of Management and Budget (OMB) and Acting Director of the Consumer Financial Protection Bureau (CFPB) since 2017.
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets.
A money market fund (also called a money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.
The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions.
A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer usually named on the document.
In the United States, a negotiable order of withdrawal account (NOW account) is a deposit account that pays interest, on which an unlimited number of checks may be written.
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and thrift institutions and the federal branches and agencies of foreign banks in the United States.
The Office of Thrift Supervision (OTS) was a United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations.
The presidency of Franklin D. Roosevelt began on March 4, 1933, when he was inaugurated as the 32nd President of the United States, and ended upon his death on April 12, 1945, a span of (4,422 days).
The President of the United States (POTUS) is the head of state and head of government of the United States of America.
Puerto Rico (Spanish for "Rich Port"), officially the Commonwealth of Puerto Rico (Estado Libre Asociado de Puerto Rico, "Free Associated State of Puerto Rico") and briefly called Porto Rico, is an unincorporated territory of the United States located in the northeast Caribbean Sea.
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy.
The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision (OTS) as a consequence of the savings and loan crisis of the 1980s.
Risk is the potential of gaining or losing something of value.
A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault.
A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque).
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings, deposits, and making mortgage and other loans.
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.
A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits.
The Securities Investor Protection Corporation (SIPC) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970 and mandates membership of most US-registered broker-dealers.
Spain (España), officially the Kingdom of Spain (Reino de España), is a sovereign state mostly located on the Iberian Peninsula in Europe.
Federal government chartered and owned corporations are a separate set of corporations chartered and owned by the federal government, which operate to provide public services, but unlike the federal agencies (Environmental Protection Agency, Bureau of Indian Affairs), or the federal independent commissions (e.g., the Federal Communications Commission, the Nuclear Regulatory Commission, etc.), they have a separate legal personality from the federal government, providing the highest level of political independence.
The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.
A systemically important financial institution (SIFI) or systemically important bank (SIB) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis.
The Temporary Liquidity Guarantee Program (TLGP) is a program adopted by the Federal Deposit Insurance Corporation (FDIC) on October 13, 2008 during the global financial crisis of 2008 to encourage liquidity in the interbank lending market.
Texas (Texas or Tejas) is the second largest state in the United States by both area and population.
In common usage, theft is the taking of another person's property or services without that person's permission or consent with the intent to deprive the rightful owner of it.
A time deposit or term deposit (also known as a certificate of deposit in the United States) is a deposit with a specified period of maturity and earns interest.
CFR Title 12 - Banks and Banking is one of fifty titles comprising the United States Code of Federal Regulations (CFR), containing the principal set of rules and regulations issued by federal agencies regarding banks and banking.
The "too big to fail" theory asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by government when they face potential failure.
A transaction account, checking account, current account, demand deposit account, or share draft account (at credit unions) is a deposit account held at a bank or other financial institution.
The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been put into law with the goal of harmonizing the law of sales and other commercial transactions across the United States of America (U.S.) through UCC adoption by all 50 states, the District of Columbia, and the U.S. territories.
The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.
The United States House of Representatives is the lower chamber of the United States Congress, the Senate being the upper chamber.
The United States Senate is the upper chamber of the United States Congress, which along with the United States House of Representatives—the lower chamber—comprise the legislature of the United States.
A United States Treasury security is an IOU from the US Government.
Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles.
Washington Mutual, Inc., abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in 2008.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington or D.C., is the capital of the United States of America.
William Jennings Bryan (March 19, 1860 – July 26, 1925) was an American orator and politician from Nebraska.
The Banking Act of 1933 was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms.
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