Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
As of Jan. 1, banks with less than $1 billion in consolidated assets will no longer be required to provide federal regulators with annual reports of independent audit findings, according to a final rule announced […]
“Informational filings”– which provide details for their rapid and orderly resolution in the event of bankruptcy or other insolvencies – for six large banking companies were published Tuesday by the federal bank deposit insurance agency. […]
A strong 1.27% return on assets was reported by the nation’s banks in the third quarter, the federal bank deposit insurance agency said Monday, with an increase in net income of 13.5% from the previous […]
The board of the federal bank deposit insurance agency has approved Dana T. Wade to be deputy to the chairman and chief of staff, the agency said in a release Monday. Wade will serve as […]
Proposed revisions to the community bank leverage ratio and a final rule on the same for the largest banks – in addition to loss-absorbing capacity – are slated for action Tuesday by the Federal Deposit […]
Data on small business, small farm, and community development lending during 2024 – required by rules implementing anti-redlining laws – was released Thursday by federal banking agencies. In joint releases, the Federal Reserve, Office of […]
A revised consumer compliance examination manual provides for less-frequent consumer compliance exams for most supervised banks, the Federal Deposit Insurance Corp. (FDIC) said in a Financial Institution Letter (FIL) Friday. The agency said its updated […]
Eased regulatory requirements for banks serving areas hit by storms last month in Alaska and this June in Minnesota were announced Thursday by the Federal Deposit Insurance Corp. (FDIC). In two Financial Institution Letters (FILs), […]
Ten banks, out of 76 examined, earned “outstanding” ratings for their compliance with anti-redlining laws, two federal bank regulators said Monday. In reporting on Community Reinvestment Act (CRA) ratings, the Office of the Comptroller of […]
Prohibitions for September were announced Friday by the federal bank deposit insurance agency, including two for allegedly misappropriating hundreds of thousands of dollars from their respective banks. The Federal Deposit Insurance Corp. (FDIC) said Shelley […]
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