Must-know: Why the FDIC is the second major banking regulator
The Federal Deposit Insurance Corporation (or FDIC) is the second most important banking regulator in the U.S. The FDIC directly examines and supervises more than 4,500 banks and savings banks for operational safety and soundness.
Must-know: Elliott Management’s new position in Opus Bank
Elliott Management’s new positions in the second quarter of 2014 (or 2Q14) include the newly debuted Opus Bank (OPB), Iron Mountain (IRM), and Mallinckrodt plc (MNK). Elliott took a new position in Opus Bank during the last quarter. The position accounts for 2.12% of the fund’s 2Q14 portfolio.