Insurance giant AIG's role in market crisis probed (AP via Yahoo! News)
Former top executives of insurance giant American International Group Inc. were on the receiving end of a verbal smackdown Tuesday as a congressional panel probed the chain of events that forced the government to bail out the conglomerate.
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Liberals mull higher deposit insurance (Reuters via Yahoo! News)
Liberal leader Stephane Dion said on Tuesday he would consider following the lead of other countries in raising the insurance limit on banking deposits.
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FDIC head wants banks to pay more into insurance fund (USA Today)
The head of the FDIC on Tuesday asked for an increase in premiums that will double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund.
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FDIC Proposes Doubling Fees to Boost Insurance Fund (Update3) (Bloomberg)
Oct. 7 (Bloomberg) -- The Federal Deposit Insurance Corp. proposed doubling the fees it charges banks to insure their deposits, a step to replenish agency reserves as the government seizes banks at the fastest pace in 15 years.
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FDIC approves bank fee increase for insurance fund (AP via Yahoo! Finance)
The FDIC on Tuesday approved a proposed increase in premiums that will more than double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund.
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Bank Fee Increase OK'd For Insurance Fund (CBS News)
The FDIC approved a proposed increase in premiums that will double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund.
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EU to Raise Bank-Deposit Insurance to Stem Crisis (Update1) (Bloomberg)
Oct. 7 (Bloomberg) -- European Union finance ministers failed to find a solution to the frozen credit markets that created the biggest financial crisis since the Great Depression, settling for an increase in consumers' deposit insurance.
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EU Countries Raise Bank-Deposit Insurance, Squabble Over Crisis (Bloomberg)
Oct. 7 (Bloomberg) -- European Union finance ministers failed to find a solution to the frozen credit markets that created the biggest financial crisis since the Great Depression, reaching accord on an increase in consumers' deposit insurance.
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FDIC chair seeks fee increase for insurance fund (AP via Yahoo! Finance)
The head of the FDIC is asking for an increase in premiums that will double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund.
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Insurance chief says AIG bailout was unavoidable (Reuters via Yahoo! News)
Washington policy-makers had no choice but to rescue American International Group Inc after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers on Tuesday.
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