Inside these posts: Repayment

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FDIC sets repayment pecking order for creditors

Creditors who help authorities liquidate a troubled financial firm would be among those paid off first among unsecured creditors, according to a proposal issued by the Federal Deposit Insurance Corp.

Bank and financial services groups have complained that more clarity is needed about how unsecured creditors will be treated under the U.S. government’s new authority to seize large, failing companies. Get the full story »