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WILMINGTON, Del. - Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday.
The Blueprint for a Modernized Financial Regulatory Structure, proposed by Treasury Secretary Henry M. Paulson Jr. earlier this year, calls for one federal regulator of banks, which would likely make having a state charter unnecessary. Some bank directors worry this proposal would take away a special relationship he has had with state regulators, fostered by his 32-year tenure as chief executive. The Treasury's plan aims to shelve the current system of regulation over the next decade and replace it with three agencies that would oversee banking, market stability, and consumer and investor protection. Proponents argue the changes are needed since regulatory oversight has not kept up with financial innovation over the years. With regard to community banks, some of the most controversial p...
... was released March 31, small banks, insurance agents, and credit unions have banded together to ... to own banks, stripping the Federal Deposit Insurance Corp. of its examination role, and requi...
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