National News

FDIC to banks: track how you use EESA resources

      In a letter to insured institutions, the FDIC advised those that receive capital injections, liquidity support and/or financing guarantees as part of the federal economic stabilization effort to track how those resources are used. FDIC examiners will evaluate how banks are using EESA support, particularly with regard to lending and foreclosure prevention. “The goal of providing government support is to ensure that…adjustments are made mostly in areas such as dividend policy and management compensation, rather than . . .

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