Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Financial and award data published by the federal insurer of bank deposits is “complete, timely, of sufficient quality, and accurate,” according to an audit performed, and published Friday, by the agency’s inspector general. “We determined […]
Community banks with less than $10 billion in assets (among other requirements) could qualify for simplified capital requirements under a rule finalized Tuesday by the federal banking regulators. The Federal Deposit Insurance Corp. (FDIC), the […]
The overall score earned by the information security program of the federal bank deposit insurer shows the agency’s program remains less than effective, according to the metrics used for the evaluation detailed Monday by the […]
Credit risk in the areas of agriculture, commercial real estate, energy, housing, leveraged lending and corporate debt, and nonbank lending, and market risk in the areas of interest rate risk and deposit competition, and liquidity are […]
A joint-agencies proposal to revise swap margin rules to remove the need for holding initial margin for uncleared swaps with affiliates is headed for publication soon in the Federal Register, after which comments will be […]
About an hour after announcing the second insured-bank failure of 2019, the federal insurer of bank deposits announced a third failure – that of Resolute Bank in Maumee, Ohio, which was closed Friday by the […]
A second bank has failed this year as the federal insurer of bank deposits said Friday it closed a Kentucky institution at a cost of $4.5 million. The Federal Deposit Insurance Corp. (FDIC) said it […]
An Oregon bank has agreed to pay a $275,000 civil money penalty (CMP) for placing telemarketing calls to consumers on the “Do-Not-Call” registry and using an automated dialing system to send pre-recorded or text messages […]
Four U.S. financial institution and capital markets regulators announced they have joined the Global Financial Innovation Network (GFIN), a global network of regulators and other organizations focused on financial innovation “in the interests of consumers.” […]
A final rule implementing last year’s statutory revisions on company-run stress testing – in this case, for state-chartered, nonmember banks and savings associations that are federally insured – is slated for publication in the Federal […]
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