Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
The Federal Deposit Insurance Corp. (FDIC) has wrapped up the affairs of six defunct banks and announced it terminated its receiverships of the institutions May 1. The six institutions were The Elizabeth State Bank (Elizabeth, […]
Two actions in which the Federal Deposit Insurance Corp.’s (FDIC) office of inspector general (OIG) partnered with federal law enforcement have resulted in a recent conviction and a recent indictment, the office said Tuesday. In […]
New technologies offer potential benefits to both banks and their customers – but can also lead to additional challenges, including those related to privacy and data security, the chairman of the federal deposit insurance agency […]
Extending repayment terms, restructuring existing loans, or easing terms for new loans are among the recommendations the Federal Deposit Insurance Corp. (FDIC) is making to banks in areas of Alabama affected by severe storms in […]
The implementation of the new “current expected credit losses” (CECL) accounting standard – beginning as early as the end of this year – is spurring federal banking agencies to gear up, including by sponsoring a national […]
Four financial institutions received “outstanding” ratings for their compliance with Community Reinvestment Act (CRA) regulations in February, the federal deposit insurer said Friday, out of a total of 72 bank ratings released. Only one bank […]
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