The Retribution Phase of The Financial Meltdown

Vartanian, Thomas P.
June 2010
American Banker;6/1/2010, Vol. 175 Issue 83, p8
Trade Publication
The article presents the author's views on the investigation of bank and thrift institution failures by agencies such as the Federal Deposit Insurance Corp. The outlook for multi-agency investigations as well as joint criminal and civil investigations is noted. Topics include the business-judgment rule, fair-value accounting, indemnification in corporate bylaws, and liability insurance for directors and officers.


Related Articles

  • Directors' Fiduciary Duties and the FDIC. Tull, Mel // Virginia Banking;Mar/Apr2015, p10 

    The article discusses the need for Virginia bank officers to understand their fiduciary duties under Virginia's statutory standard of conduct. Topics discussed include an overview of Virginia bank directors' fiduciary duties, the court case FDIC as Receiver for Cooperative Bank v. Willetts...

  • What's Behind the FDIC, JPM Dispute Over Wamu. Adler, Joe // American Banker;10/31/2013, Vol. 178 Issue 168, p14 

    The article discusses the dispute over which party, JPMorgan Chase bank or the U.S. Federal Deposit Insurance Corp. (FDIC), is responsible for legal claims against the failed Washington Mutual Bank (Wamu) as of October 31, 2013. Topics include JPMorgan's pending $13 billion settlement with the...

  • FDIC Faces Higher Bar On Failed Bank Suits. Adler, Joe // American Banker;3/9/2012, Vol. 177 Issue F310, p1 

    The article discusses the U.S. Federal Deposit Insurance Corp.'s (FDIC's) justification for suing former officers and directors of failed banks. The legal implications of the FDIC's use of simple and gross negligence standards from the perspective of burden of proof and business judgment rules...

  • FDIC Sues United Western Executives Over Colo. Bank's Failure. Todd, Sarah // American Banker;1/23/2014, Vol. 179 Issue 12, p9 

    The article informs about the Federal Deposit Insurance Corp.'s (FDIC's) lawsuit against nine former officials at the failed United Western Bank which was filed in U.S. District Court in Colorado in January 2014. The FDIC is seeking $35 billion in damages, claims the officials wrongfully...

  • Failed-Bank Litigation Pits FDIC Against Other Banks. Barba, Robert // American Banker;12/6/2011, Vol. 176 Issue 187, p5 

    The article reports on the Federal Deposit Insurance Corp.'s (FDIC's) pursuit of claims against directors of failed banks in the U.S. The FDIC's intervention in Sterling Bank's lawsuit against officers and directors of the Bank of Clark County to get back its $6 million in loans plus $1.14...

  • Appeals Courts May Tackle Key Failed-Bank Issue. Adler, Joe // American Banker;4/24/2012, Vol. 177 Issue 63, p3 

    The article discusses business-judgment rules in the U.S. which protect corporate boards and directors' decisions from courts' scrutiny under certain conditions and how these rules might affect failed-bank lawsuits initiated by the Federal Deposit Insurance Corp.

  • Business Associations. Clark, Crystal J. // Mercer Law Review;Autumn2015, Vol. 67 Issue 1, p15 

    The article focuses on several U.S. and Georgia court cases between June 1, 2014 and May 31, 2015 related to the areas of corporate law. The cases discussed include Federal Deposit Insurance Corp. v. Loudermilk on ordinary negligence claims by the business judgment rule, Mahalo Investments III,...

  • FDIC Grants Waiver To Capitol Units. Barba, Robert // American Banker;12/3/2010, Vol. 175 Issue F346, p4 

    Brief information is given about the Federal Deposit Insurance Corp.'s approval of cross-guarantee liability waivers for Fort Collins Commerce Bank, Loveland Bank of Commerce, Larimer Bank of Commerce, and Southern Arizona Community Bank regarding the failed Commerce Bank of Southwest Florida.

  • New FDIC Board Hears More Good News on DIF. Adler, Joe // American Banker;4/24/2012, Vol. 177 Issue 63, p2 

    The article reports the Federal Deposit Insurance Corp. (FDIC) predicts fewer U.S. bank failures in the future and a $7 billion decline in losses from failed banks to the Deposit Insurance Fund (DIF) for 2011 through 2015.


Read the Article


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

Try another library?
Sign out of this library

Other Topics