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Tag Archive: failed banks

Information scarce on bids for failed banks


The Federal Deposit Insurance Corporation (FDIC) is making less information available to the public about how it is dealing with the rising number of bank failures in 2010. Over the last year, the agency has failed to post a complete list of bids on 41 percent of the deals it makes with other banks to take over failing institutions--and what information it does provide is more limited than before.

Before May 2009, the FDIC would provide, upon request, the names of all entities placing bids on failed banks and how much each of them bid for the bank in question ...

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