The FDIC Has A $30 Billion Junk Loan Problem

In its capacity as receiver for failed banks, the FDIC is responsible for either selling or winding down the operations of failed banks.  In the vast majority of cases, the FDIC is able to sell a failed bank to a purchaser who agrees to purchase some or all of the assets of the failed institution. […]

FDIC Sells Assets From 13 Failed Banks

In the past few years, regulators have found it necessary to close hundreds of insolvent banking institutions. The FDIC, acting as receiver for failed banks, is usually able to sell most of the assets of failed banks.   Typically, the purchaser of a failed bank will acquire most or all of the assets of a […]