Receivership › Federal Deposit Insurance Corporation

News & Analysis as of May 21, 2013

FDIC Files Three RMBS Lawsuits as Receiver for a Texas Bank

by Orrick - Structured Finance Group on 8/28/2012

On August 17, the FDIC, in its capacity as receiver for Texas-based Guaranty Bank, filed three actions in Texas state court arising out of the bank’s alleged investments in 36 RMBS certificates totaling $5.4 billion in face...more

FDIC Files Five Lawsuits Against Bank Entities Over RMBS

by Orrick - Structured Finance Group on 8/22/2012

On August 10, the FDIC in its capacity as receiver for Colonial Bank filed five lawsuits – three in Alabama state court, one in New York federal court, and one in California federal court – seeking $741 million in damages...more

FDIC Brings Two RMBS Lawsuits Against Several Investment Banks and Related Entities

by Orrick, Herrington & Sutcliffe LLP on 5/30/2012

On May 18, 2012, the FDIC, in its capacity as receiver for two failed banks, filed two actions in the Southern District of New York arising out of the banks’ alleged purchase of RMBS. In the first suit, the FDIC asserts...more

Dodd-Frank, Title II: Where the FDIC and the “Orderly Liquidation Authority” Meet the Bankruptcy Code

by Morrison & Foerster LLP on 9/2/2010

The FDIC is currently responding to one of the worst financial crises in the history of the nation’s banking system. Sheila Bair, Chairman of the FDIC, expects that 2010 “will be the high water mark for the banking crisis.”1...more

Dodd-Frank Bill Reshapes Businesses

by Dinsmore & Shohl LLP on 7/16/2010

The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Bill”) represents the most ambitious and thorough regulatory reform of the laws governing the financial industry since the Great Depression....more

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