Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Banks have all of July to submit their annual survey of branch office deposits for the year ending June 30, the federal bank deposit insurance agency said Wednesday in a letter to all insured institutions, […]
A total of 335 insured banks and thrifts are included on the anti-redlining Community Reinvestment Act (CRA) evaluation schedules of the federal bank deposit insurer from July 1 through Dec. 31, the agency said in […]
Prohibition and a civil money penalty of $140,000 is sought against a bookkeeper who allegedly misappropriated some $181,000 from bank customer accounts over about three years, according to an April notice of intent released Friday […]
Banks’ net income declined $17 billion to $59.7 billion in the first quarter of 2022, a 22.2% drop from the same time a year ago, with growth in provision expense driving that 12-month decline, the […]
Risks related to cybersecurity and illicit financial activity are among the top hazards facing banks in 2022, the federal bank deposit insurance agency said in report Friday. In its 2022 Risk Review, the Federal Deposit […]
Revised guidelines that restore the federal bank deposit insurer’s independent, intra-agency appeals process to review material supervisory determinations regarding supervised banks are out for public comment until June 21, according to a Federal Register notice […]
Title: Guidelines for Appeals of Material Supervisory Determinations Subject: Supervisory appeals Agency: FDIC Status: Notice and request for comment Summary: On May 17, 2022, the Federal Deposit Insurance Corporation (FDIC) adopted revised Guidelines for Appeals […]
A Financial Institution Letter (FIL) establishing the process for an insured banking institution or applicant for deposit insurance to request recognition by the federal bank deposit insurer as a minority depository institution (MDI) was announced […]
A Hawaiian banker is joining the minority depository institution advisory panel for the federal insurer of bank deposits, the agency said Wednesday. Russell Lau, chairman and chief executive officer of Finance Factors Ltd. in Honolulu, […]
A compliance guide related to a rule designed to simplify federal bank deposit insurance rules for trust and mortgage service accounts at small entities was released Wednesday by the federal agency that provides the insurance. […]
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