Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The federal bank deposit insurance agency’s Systemic Resolution Advisory Committee is slated to meet publicly Dec. 5 to discuss issues and developments related to the resolution of systemically important financial companies. The advisory committee, established […]
Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation (FDIC) proposes to revise its regulations to conform with the Fair Hiring in Banking Act […]
A fraud scheme that was allegedly intended to obtain more than $35 million in federally backed business loans from financial institutions through false documents was charged last week against five by a federal grand jury […]
A final rule designed to spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits will be considered by the board of the federal bank deposit insurance agency when it […]
Community Reinvestment Act (CRA) evaluation ratings for 96 banks released Friday included 10 ratings of “outstanding” and two ratings of “needs to improve,” according to data from the top two federal banking regulators. The Federal […]
The federal bank deposit insurer late Friday announced the closure of the $66 million-in-assets Citizens Bank, Sac City, Iowa, and the purchase of the bank’s assets and assumption of all its deposits by Iowa Trust […]
Two new members will join the economic inclusion advisory committee to the federal bank deposit insurance agency when the panel meets next week, the agency said Friday. In a release, the Federal Deposit Insurance Corp. […]
Principles intended to provide a “high-level framework for the safe and sound management of exposures to climate-related financial risks” for banks with $100 billion or more in assets were finalized by the federal banking agencies […]
This story updated to include link to Federal Register notice of final rule. Revisions to rules implementing anti-redlining laws that are designed to “strengthen and modernize” the regulations to “better achieve the purposes of the […]
Missed opportunities to downgrade a troubled bank’s exam ratings and inconsistency in performing timely supervisory activities by the federal insurer of bank deposits contributed to a “material loss” to the insurance fund from the failure […]
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