Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
No new rules – “in any manner” – may be proposed or adopted by federal regulators, including those overseeing financial institutions until those rules are reviewed and approved by an agency head appointed or designated […]
All deposits of Pulaski Savings Bank of Chicago, Ill., were assumed by Millennium Bank of Des Plaines, Ill., under a purchase-and-assumption agreement entered into Friday by the federal bank deposit insurer to protect depositors, the […]
A list of 15 “matters” focusing on a range of issues that the new chairman of the Federal Deposit Insurance Corp. (FDIC) Board expects “to focus on in the coming weeks and months” was issued […]
True to the word of the now-acting board chairman, the federal bank deposit insurance agency Tuesday withdrew from an international regulators’ group promoting the “greening” of the financial system. In a brief (one paragraph, two-sentence) […]
A statement on supervisory practices affecting banks and credit unions in areas of California ravaged by wildfires was issued Tuesday by federal banking and credit union regulators, along with the California financial institution supervisor. The […]
The proliferation of activities of non-bank financial institutions – including their risk to financial stability – are of particular concern to the outgoing board chairman of the bank deposit insurance agency, he said in remarks […]
Financial institutions can get relief from some reporting and publishing requirements, and seek permission to set up temporary facilities, from the San Francisco regional office of the Federal Deposit Insurance Corp. (FDIC) as they deal […]
Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
Harassment was either experienced or personally witnessed by more than one-third of employees of the federal bank deposit insurance agency who responded to a survey, according to an agency report Thursday that is the first […]
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