The FDIC sued the banks over their role as trustees of nearly $2.2 billion of securities purchased by failed financial institution Guaranty Bank.
'The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices ... is encouraging more households to buy.'
American Apparel doesn't have enough cash on hand to make its next debt payment, $13.9 million due on Oct. 15.
Analysts say the commodity supplier needs to cut net debt by almost half to $16 billion by the end of next year to retain its credit rating.
The market valuations of office buildings sold in some of the world's largest cities reached record highs in the second quarter.
The operator of shallow-water drilling rigs is hoping a $1.2 billion debt-for-equity swap will help it ride out the downturn in oil prices.
June data from the Federal Reserve suggest a healthy outlook for consumer spending in the second half of 2015.
The July jobs report may push the Federal Reserve "one step closer" to raising interest rates in September.
The improvement in the index may indicate the labor market is tightening, which could encourage the Fed to raise interest rates.
But experts think the rate is close to bottoming out.