Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A Tupelo, Miss., bank has agreed to pay a $325,000 civil money penalty (CMP) after a finding that the bank failed to obtain required flood insurance coverage for loans made for structures in a flood […]
Two regulators gave clues of how they will consider future resolution plans (or “living wills”) submitted for review by large, complex banking organizations – including taking a more “granular” view and focusing on “resolvability” — […]
A “shortcoming” was identified in the resolution plan (or “living will”) for Citigroup, Inc. – related to data the firm manages — based on results of a review of the 2021 wills, according to statements […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
Martin Gruenberg, the current acting chairman of the board for the federal insurer of bank deposits, would become the chairman (no longer temporary) of the agency panel under a nomination issued Monday by the White […]
Declaring that federal banking regulators are intent on improving impact and transparency under the Community Reinvestment Act (CRA), the acting chairman of the Federal Deposit Insurance Corp. (FDIC) in a speech Wednesday briefly noted progress […]
Two banks received “needs to improve” and four received “outstanding” ratings for their compliance with the anti-redlining Community Reinvestment Act (CRA) from the federal bank deposit insurer in August, the agency said Thursday. The remaining […]
An open meeting of the panel that advises the Federal Deposit Insurance Corp. (FDIC) on policy related to the resolution of systemically important financial institutions is scheduled to meet Nov. 9 at 9 a.m., the […]
A former New York banker was prohibited from further working at a bank after stealing more than $1.6 million from the institution, the federal insurer of bank deposits said Friday in a report of enforcement […]
Climate change as a continuing and growing source of risk for deposit insurers was highlighted before a conference of deposit insurers in Argentina Thursday by the acting chairman of the federal bank deposit insurance agency […]
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