Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Annual summary of deposits (SOD) surveys will be due July 31, the federal insurer of bank deposits said Friday – noting that, after that date, no extensions will be granted for submitting the data. The […]
Host state-to-loan-deposit ratios of 98% were recorded by both Arizona and New Jersey in the year ending June 30, 2023, the highest ratios of all the states and territories, the federal banking agencies said Friday. […]
The special committee established last year to conduct an independent review of allegations of sexual harassment and other misconduct at the Federal Deposit Insurance Corp. (FDIC) was terminated Thursday, the agency announced in a release. […]
Banks in areas of Iowa, Kentucky and West Virginia have been extended regulatory relief in the wake of severe storms in their states, the federal insurer of bank deposits said Thursday. The relief was extended […]
A mixed bag of results from federally insured banks’ first-quarter all reports included a strong rise in overall net income, overall good asset quality, but ongoing deterioration in commercial real estate (CRE) and credit card […]
A “special inquiry” into the workplace culture of the federal bank deposit insurance agency is underway by the agency’s inspector general, “with respect to harassment and related misconduct,” according to a memo released by the […]
Higher interest rates, an inverted yield curve, declining deposits, higher cost of funding, and compressing net interest margins – at least among some banks – were key risks to banks that developed in 2023, according […]
Revisions to all three versions of bank call reports were finalized and published Wednesday by the three federal banking agencies, affecting reporting of credit losses, troubled debt restructuring, internet website addresses, and past-due loans, the […]
Martin Gruenberg, chairman of the board that oversees the federal bank deposit insurance agency, said he would step down from the post – and leave the agency – once a successor is confirmed by the […]
An Arkansas bank operating a loan production office in Michigan has agreed to a $1.5 million civil money penalty (CMP), and nine former employees of the bank have stipulated to individual enforcement actions, the federal […]
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