The Resolution of NextBank: Did FDIC Make Costly Blunder?

December 2002
American Banker;12/26/2002, Vol. 167 Issue 246, p1
Trade Publication
Analyzes the management of Federal Deposit Insurance Corp. (FDIC) in resolving the business failure of NextBank Inc. Possibility of a scrutiny over the steps of FDIC in resolving business failures of banks; Decision of FDIC that has caused the possibility of a scrutiny over the agency's resolution; Strategies that could have been adopted by FDIC to resolve the business failure of NextBank Inc.


Related Articles

  • FEDERAL DEPOSIT INSURANCE CORPORATION.  // Federal Register (National Archives & Records Service, Office of;4/30/2014, Vol. 79 Issue 83, p24428 

    The article offers information on notice for interested parties of the Nextbank, National Association, Phoenix, Arizona from Federal Deposit Insurance Corp. (FDIC).

  • It Wasn't Perfect, But the FDIC Handled NextBank Failure Well. ALEXANDER, GEORGE; MALAMI, RALPH; WALL, DAVID N. // American Banker;10/18/2002, Vol. 167 Issue 200, p9 

    Focuses on how the U.S. Federal Deposit Corp. has handled the failure of NextBank. Overview of NextBank Co.; Reason for the failure of NextBank; Legal operations involved during the trials of NextBank.

  • A Close Look at the FDIC's handling of NextCard. Salmon, Jeffrey // Asset Securitization Report;8/5/2002, Vol. 2 Issue 31, p9 

    Assesses the management of NextBank under the Federal Deposit Insurance Corp. (FDIC) receivership. Decision of FDIC to stop the early amortization of the credit card asset-backed securitization of NextBank; Motive of FDIC for exercising supervisory powers; Details on the guidance for credit...

  • Time's Up: FDIC Shutters NextCard. Kuykendall, Lavonne // American Banker;7/11/2002, Vol. 167 Issue 131, p1 

    Reports on the U.S. Federal Deposit Insurance Corp.'s (FDIC) shutdown of NextBank's securitized portfolio of credit card accounts in July 2002. Invitation for other Visa banks to offer balance transfers to more creditworthy customers; Acknowledgment that there would be no buyer for the NextCard...

  • NextBank Tab Getting Even Bigger For FDIC. Kuykendall, Lavonne // American Banker;7/3/2002, Vol. 167 Issue 127, p1 

    Discusses steps taken by the U.S. Federal Deposit Insurance Corp. (FDIC) to liquidate assets of NextBank which it took over on February 7, 2002. Reasons contributing to the failure of NextBank; Sale of NextBank's nonsecuritized assets to Merrick Bank Corp.; Efforts of the FDIC to service...

  • FDIC bars Hammond bankers from business. McCulley, Russel // New Orleans CityBusiness (1994 to 2008);07/26/99, Vol. 20 Issue 4, p4 

    Reports that the United States Federal Deposit Insurance Corp. (FDIC) has prohibited two former Hammond bank officials from affiliation with any federally insured financial institution. Alleged bank mismanagement and secret deals charged against the bankers; Settlement of three other bank...

  • FDIC Recommends Tech Risk Seminar. Blackwell, Rob // American Banker;4/9/2001, Vol. 166 Issue 68, p3 

    Reveals that the United States Federal Deposit Insurance Corp. is encouraging officials from all of the banks it supervises to attend a seminar on identifying and managing technology risks. Venue of the seminar.

  • Cap on deposit rate paid by banks a 'chicken & egg' scenario. Halsey, Heather // Business Journal Serving Fresno & the Central San Joaquin Valley;1/29/2010, Issue 324134, p8 

    The article focuses on the limitations imposed to under capitalized banks due to the final rule implemented by the Federal Deposit Insurance Corp. (FDIC) in the U.S. The final rule intends to limit the expense exposure of under capitalized banks. However, the rule has prevented banks to raise...

  • Real Estate Prompts FDIC Caution. Blackwell, Rob // American Banker;10/3/2001, Vol. 166 Issue 190, p4 

    Reports that the Federal Deposit Insurance Corp. has issued a report on October 1, 2001, warning United States banks to review risk management controls and underwriting terms in light of declining demand for commercial real estate. Increase in office vacancy rate; Factors resulting to weak...


Read the Article

Courtesy of

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics