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Bank Failures, Rights Of FDIC Against Holding Cos.

Law360, New York (May 29, 2009) -- Two recent rulings directly and materially impact and reduce the Federal Deposit Insurance Corp.’s rights against bank holding companies.

The impact of the financial crisis on the banking system has been staggering. In the first four months of 2009, the FDIC has taken over 31 U.S. banks — a rate...

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