This could have an additional impacts on underwriting and lending. Right now credit is getting tight.
The FDIC, which is responsible for dealing with bank failures, is probing former executives, directors and employees at failed U.S. banks and is taking efforts to punish alleged recklessness, fraud and other criminal behavior, the Journal said.
Fred Gibson, deputy inspector general at the FDIC, told the Journal in an interview that the probes involve failed banks of all sizes in cities across the U.S.
FDIC is also stepping up civil claims to recover money from former bankers at busted lenders, the newspaper said.
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