Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The new tax law cost banks profitability in the fourth quarter of 2017, as banks reported net income down nearly 41% from the same period a year earlier, the federal insurer of bank deposits said […]
A “retrospective review” by banks of their enforcement of anti-money laundering laws is recommended by a congressional watchdog after its survey found an estimated four out of every five (80%) banks near the Southwest U.S. […]
Saul Schwartz, a 29-year veteran of the Federal Deposit Insurance Corp. (FDIC), is the permanent director of the agency’s Office of Minority and Women Inclusion (OMWI). He has been serving in an acting capacity since […]
Bank and thrift earnings in the fourth quarter 2017 – and all of last year – will be announced at a press briefing Tuesday by the Federal Deposit Insurance Corp. (FDIC). FDIC Board Chairman Martin […]
Following no comments received last fall, the three federal banking agencies are moving forward on their proposal to combine three separate, yet identical, stress test reports into a single new Federal Financial Institutions Examination Council […]
A new chapter in the bankruptcy code for distressed financial companies would be a “more effective option” than existing requirements for “orderly liquidation authority (OLA),” the Treasury Department recommended Wednesday. In a report to President […]
A 60-day comment period will start as early as Wednesday on proposed swap margin requirements to conform with recent rule changes imposing new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, […]
The Government Accountability Office (GAO) this week released completed audit reports for the financial statements of the Deposit Insurance Fund (DIF) and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF) for the […]
The “living wills” process for resolving the largest U.S. financial institutions has proven “enormously helpful” to both firms and regulators, but there is more work to be done in four particular areas to improve the […]
Posting losses of $1.1 billion, but which were absorbed by premium assessments on insured banks, the Federal Deposit Insurance Corp. (FDIC) Deposit Insurance Fund (DIF) finished fiscal year 2017 with a reserve ratio of 1.28% […]
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