Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Banks and savings institutions in Indiana and North Carolina affected by severe weather, including a tornado in N.C., are being encouraged by their federal deposit insurer to “work constructively” with borrowers facing difficulties beyond their […]
First-quarter financial results – including earnings – for federally insured banks and savings associations will be announced May 22, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. A briefing will be hosted by FDIC Board […]
About 2,400 bankers and others joined a teleconference sponsored by federal bank regulators Tuesday to hear details about new capital rules proposed by the agencies to help financial institutions prepare for new accounting standards that […]
Responses to the annual “summary of deposits” (SOD) for branch offices are due July 31, which must be collected using the “central data repository” (CDR) from an individual holding an account with the data-collecting center, […]
Examination procedures for assessing compliance with a new Bank Secrecy Act (BSA) “customer due diligence” rule that took effect Friday – requiring covered institutions to verify the identity of beneficial owners at account opening – […]
Hearings, meetings and a Federal Reserve Board member’s speech are among the events on tap for the federal financial institution regulators’ public calendar next week, on subjects ranging from “customer due diligence” to Community Reinvestment […]
A former currency trader at a major U.S. bank has been indicted for an alleged role in a conspiracy to manipulate prices in the foreign currency exchange (FX) market, the inspector general’s office for the […]
A proposed rule addressing the effects of the new current-expected-credit-loss (CECL) accounting standard on banks’ regulatory capital is being issued by the three federal banking regulators through a notice in the Federal Register. Comments are […]
Deposit insurance coverage – including a comprehensive overview of the rules for federal coverage – will be addressed in four online, live and no-charge seminars for bank employees and officers throughout the year, beginning May […]
A hearing on the nominations for two members for the Federal Reserve’s board of governors will be held May 15 by the Senate Banking Committee, the panel said in a statement Tuesday. The committee will […]
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