October 27, 1993 |
Federal thrift regulators on Tuesday banned former Lincoln Savings & Loan operator Charles H. Keating Jr. from the banking industry and ordered him to pay $36 million in restitution for two illegal dealings at the failed Irvine thrift. The action by the Office of Thrift Supervision ended three years of hearings and legal maneuverings involving Keating and other executives at Lincoln, which collapsed in April, 1989, and became one of the industry's costliest thrift failures.
September 19, 2013 |
Michael Barr served as the U.S. Treasury Department's assistant secretary for financial institutions in 2009 and 2010. He oversaw the Obama administration's dealings with Congress in creating the Consumer Financial Protection Bureau. And he's still smarting from the experience. "The banks fought against the bureau tooth and nail," Barr told me. "They were in an all-out war with the administration over this. " But he makes no effort to hide his satisfaction with how things turned out. "The financial sector lost that fight," Barr said.
February 11, 1991 |
The banking industry has prepared a plan to contribute $10 billion over the next two years to avoid a taxpayer bailout of the troubled fund that insures savings deposits, industry officials said Sunday. The plan, which will be presented to federal regulators on Tuesday, calls for banks to purchase a special issue of bonds from the Federal Deposit Insurance Corp.
December 10, 2004 |
Wrapping up a modern-day Bonnie and Clyde case that stretched around the world, a woman accused of helping her boyfriend rob banks across the West was sentenced Thursday to 10 years in prison and ordered to repay more than $231,000. Nova Guthrie, 31, turned and smiled at her parents and other relatives after hearing her punishment. Her father, Ralph Guthrie, waved at her as she was led away.
August 5, 1990
"The industry is a dinosaur. The only real question is when, not if, it is going to be folded into the banking industry." --Robert Litan of the Brookings Institution, on the future of the savings and loan industry.