Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.

First Republic Bank had CAMELS composite ‘2’ rating throughout four years leading up to its failure, FDIC reports, with not enough push-back on its reliance on uninsured deposits
First Republic Bank of San Francisco received a CAMELS rating of “2” from 2018 up until its failure in May 2023, with its component Liquidity rating upgraded to “1” in 2021 despite its reliance on […]