Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking is slated to hold an open meeting July 28 from 1 to 5:30 p.m. ET, with the meeting – out of an abundance of […]
There are no material differences in accounting and capital standards applicable to the insured depository institutions they regulate and supervise, but there are some technical deviations, the federal banking agencies will say in their annual […]
The federal bank deposit insurer’s receivership of the defunct ShoreBank (Chicago) was terminated July 1, the agency said in a recent Federal Register notice. ShoreBank was closed by the Illinois Department of Financial and Professional […]
A new deputy chief information officer is now on board at the federal insurer of bank deposits, the agency announced Tuesday. Bob De Luca, the Federal Deposit Insurance Corp. (FDIC) said, will oversee day-to-day operations […]
A man from Niceville, Fla., has been charged with something that his fellow residents may find besmirches their town’s friendly name: stealing more than $123 million from a New Orleans bank that ultimately failed. According […]
Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC Status: Notice and request for comment Summary: The OCC, Board, FDIC, […]
Federal banking agencies released their latest batch of Community Reinvestment Act (CRA) evaluation ratings Thursday, and of the 97 banks on the two lists, none was labeled for “substantial noncompliance.” Instead, 17 of the institutions […]
The nation’s eight largest and most complex banks will be required to provide information about their response to events surrounding the coronavirus (COVID-19) in “targeted” resolution plans due to the Federal Reserve and Federal Deposit […]
Federal and state regulators on Wednesday urged financial institutions to continue working to transition away from using LIBOR (the London Interbank Offered Rate) as a reference rate in any products, and they said supervision of […]
A “new and innovative approach to financial reporting,” particularly for community banks, is the aim of a rapid prototyping competition started by the federal insurer of bank deposits, announced Tuesday. Under the program announced by […]
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