Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A search for a law firm to conduct an independent review of the workplace culture of the federal insurer of bank deposits is underway, according to a statement issued by the special committee of agency’s […]
The Community Reinvestment Act (CRA) evaluation schedules for the two top banking regulators show 567 banks slated for such reviews over the first two quarters of 2024. The schedules, released last week by the Federal […]
Public comments on proposed guidelines on corporate governance and risk management for insured depository institutions with total consolidated assets of $10 billion or more are now due Feb. 9 under an extension published in the […]
Of the 45 ratings it gave to banks under the federal anti-redlining law in September, three of those were ratings of “outstanding” and two were “needs to improve,” the Federal Deposit Insurance Corp. (FDIC) shows […]
The “updated, modernized” anti-redlining rule, which will begin taking effect in more than two years, is the topic of a financial institution letter sent to banks Friday. The letter from the Federal Deposit Insurance Corp. […]
Three new videos covering cybersecurity awareness and information technology aimed at both bank board members and bankers have been released by the federal insurer of banks deposits, the agency said Friday. The Federal Deposit Insurance […]
Additional feedback on the virtual aspects of examinations is sought on an updated post-examination survey issued by the ombudsman for the federal insurer of bank deposits, the agency said Thursday. The survey update, conducted by […]
A profit of $68.4 billion was pocketed by the nation’s banks in the third quarter, although it was less than that realized at midyear, the federal insurer of bank deposits reported Wednesday. In reporting on […]
Look for two new faces during next week’s meeting of the Federal Deposit Insurance Corp. (FDIC) Systemic Resolution Advisory Committee: Jon Cunliffe and Elke Koenig. The two additions to the advisory committee were announced in […]
A prison sentence of 42 months was meted out to a former Illinois farmer after he was convicted of four counts of bank fraud totaling more than $500,000, the inspector general for the federal bank […]
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