The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency plan to issue guidelines to banks this week aimed at curbing offerings of short-term loans, according two people briefed on the plans.
What were banking regulators doing while some of the biggest U.S. lenders routinely filed false foreclosure documents in local courthouses around the country? In the case of IndyMac Federal Bank , it turns out the Federal Deposit Insurance Corp. was running the joint.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. won a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from bank units backed by federal deposit insurance.
Archer Capital, a private equity firm, agreed to buy a controlling stake in the V8 Supercars Australia auto-racing championship in a transaction that values the series at about A$300 million ($316 million).