Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Stress test scenarios for banks with $250 billion or more in assets were released Thursday by two federal banking regulators, with submissions due by April 5 and public release of the results required between June […]
The comment period on a proposed rule issued setting procedures for insured, state-chartered nonmember banks or savings associations to seek federal approval to issue stable coins through a subsidiary is extended to May 18, the […]
Forty-five banks were deemed “satisfactory” and four “outstanding” in evaluation ratings assigned in November under the federal bank deposit insurer’s anti-redlining Community Reinvestment Act (CRA) rules, according to data released Thursday. The four banks rated […]
Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance […]
A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 […]
Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. […]
A final rule amending regulations for the digital display of a bank’s federally insured status is set to take effect March 2, with compliance required by April 1, according to a notice Thursday in the […]
Two banks for auto manufacturers Ford and General Motors were both granted deposit insurance, on a conditional basis, by the federal bank deposit insurance agency Thursday; the banks have one year to be established, the […]
A new supervisory appeals office – which will include a banker on its review panels — will be the final level of review of “material supervisory determinations,” independent of divisions that make supervisory determinations, the […]
Changes to guidelines for appeals of material supervisory determinations (MSDs) will be under consideration by the board of the federal bank deposit insurance agency when it meets Jan. 22, the agency said late Thursday. The […]
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