Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Regulatory relief to help institutions and recovery efforts in areas of Tennessee hard-hit in April’s severe storms, straight-line winds, tornadoes, and flooding were announced Tuesday by the federal bank deposit insurer, which noted this month’s […]
Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, […]
One bank was rated “needs to improve” and two were rated “outstanding” for their performance under the federal anti-redlining Community Reinvestment Act (CRA), the federal bank deposit insurer said in releasing its March ratings. The […]
“Stabilization” among commercial real estate (CRE) sectors was noted in a joint regulators’ presentation at the meeting of the Financial Stability Oversight Council (FSOC) Wednesday, according to a readout issued late that day by the […]
Impaired capital, not necessarily fraud, was behind the failure of a Chicago bank early this year – the first bank to fail in 2025 – the inspector general for the national bank deposit insurance agency […]
Banks’ federal deposit insurer on Monday announced disaster-related regulatory relief available for banks serving communities in seven states hit from March through May by a range of weather and related disaster conditions. The Federal Deposit […]
More than $2.76 billion in fines, restitution ordered, and other monetary recoveries were realized by the federal bank deposit insurance agency’s efforts in the six-month period of Oct. 1 of last year to March 31, […]
The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor. The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, […]
Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those […]
The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. […]
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