Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Supervisory relief to help banks in areas of Wisconsin and South Dakota affected recent storms has been extended by the federal insurer of bank deposits, the agency said in separate releases Tuesday. In Wisconsin, the […]
More than $18 trillion in deposits were held by the 4,431 banks and savings institutions insured by the federal deposit insurance agency at midyear, with nearly 83% of that held by the 157 institutions with […]
Updated to provide public comment deadline. The costs to depository institutions of complying with Bank Secrecy Act (BSA) anti-money laundering and countering the financing of terrorism (AML/CFT) requirements are sought in an agency information collection […]
Those interested in airing their views on federal banking regulators’ work considering what regulations might be deemed “outdated” or otherwise “unnecessary” can do so during an Oct. 30 outreach meeting in Kansas City, Mo., the […]
Ratings assigned to 59 banks in June for their performance under the federal anti-redlining Community Reinvestment Act included two “outstanding” ratings and one “needs to improve,” according to information released Friday by the Federal Deposit […]
A former “senior universal banker” and teller at a Massachusetts bank has been prohibited from further service at a financial institution and ordered to pay a $12,000 civil money penalty (CMP), the federal bank deposit […]
References to “disparate impact” – the result of practices unintentionally having a disproportionate, negative effect on a protected group, including minorities – are now erased from an examination manual issued by the federal bank deposit […]
Return on assets (ROA) for the nation’s banks was down at midyear as was net income, which the federal bank deposit insurance agency Tuesday blamed on an increase in provision expenses related to a large […]
Rules intended to simplify display of bank deposit insurance official digital sign and non-deposit signage on websites and mobile applications, as well as on ATMs, would be amended under a proposal issued Tuesday. The Federal […]
Five years in prison – plus another five years in supervised release – was the sentence for a a former Alabama bank executive convicted of embezzlement, according to the inspector general for the federal bank […]
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