FDIC Launches 50 Criminal Investigations Into Failed Banks

In the wake of hundreds of failed banks since the 2008 financial crisis, U.S. regulators reportedly have begun 50 investigations into possible wrongdoing by bank executives, directors and employees.

The Federal Deposit Insurance Corp. (FDIC) is lookin…

FDIC Sues Former Directors of Failed Illinois Bank

The Federal Deposit Insurance Corp sued 11 former executives and directors of a failed bank as it works to recover as much as $2 billion suffered by one of its funds during the financial crisis.

The FDIC filed the lawsuit in the U.S. District Court of…