Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Two banks earned anti-redlining ratings of “outstanding” in January, according to the federal insurer of bank deposits – but a third bank earned a rating of “needs improvement,” the agency said Tuesday. In releasing its list […]
An unauthorized contractual commitment that cost the federal bank deposit insurance agency $4.2 million and a prolonged increase in operational, monetary, legal, and reputational risks is outlined in a report published Monday by the agency’s […]
Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]
A bridge loan scheme that allegedly ended up costing the Small Business Administration an estimated $8.8 million is at the root of a Federal Deposit Insurance Corp. (FDIC) notice in February regarding prohibitions, fines assessments […]
Revised rules implementing anti-redlining statutes will “support more impactful bank lending, investing, and services in today’s banking environment,” the Federal Reserve’s top supervisor said Wednesday – but he gave no date for when those rules […]
Instructions and guidance for submitting first-quarter 2023 bank call report data are provided with a Financial Institution Letter (FIL) issued Wednesday by the Federal Deposit Insurance Corp. (FDIC). The call reports, covering the period from […]
A so-called “neobank” which says it provides access to the U.S. banking system has been ordered to stop making phony representations that its customers cryptocurrency is covered by federal bank deposit insurance, the agency that […]
A comprehensive review of the federal bank deposit insurance system, as well as a review of the supervision by the deposit insurance agency of one of the two recently failed banks, will be conducted and […]
A North Carolina bank that will assume all deposits and loans from the bridge bank that took over for the closed Silicon Valley Bank (SVB) entered a “loss-share transaction” on the commercial loans it purchased […]
Developments related to the failure of two large banks two weeks ago continued to emerge this week, with regulators promising a complete review of regulation and supervision, and even action for smaller banks should the […]
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