Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The future of and alternatives to the London Inter-bank Offered Rate (LIBOR) is examined in an article published in the Federal Deposit Insurance Corp.’s (FDIC) Winter 2018 issue of Supervisory Insights, released Wednesday. LIBOR is […]
Title: Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks Subject: Reporting Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation (FDIC) is amending its regulations by rescinding and removing its […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Federal Reserve Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the […]
A settlement of $335 million with a prominent accounting firm is final, related to professional negligence claims brought against the firm after audits of a failed Alabama bank by its federal insurer. However, not everyone […]
Annual disclosures of financial and other information would no longer be required for insured state nonmember banks and insured state-licensed branches of foreign banks under a final rule set for publication as early as next […]
The proposed merger of BB&T Corporation (Winston-Salem, N.C.) with SunTrust Banks, Inc. (Atlanta, Ga.) will be discussed publicly April 25 and May 3 during meetings held jointly by the Federal Deposit Insurance Corp. (FDIC) and […]
State profiles of bank and credit union trends during the fourth quarter of 2018, along with economic indicators, were released Thursday by the Federal Deposit Insurance Corp. (FDIC) and National Credit Union Administration (NCUA). The […]
With the formation of its “office of innovation” and the apparent imminent introduction of a “tech lab” as background, the federal insurer of bank deposits plans a “fintech and the future of banking” conference next […]
More work still has to be done to make proposed changes to the “Volcker Rule” so that banks have more certainty, including what types of trading are prohibited under the regulation, the chairman of the […]
Two former bank tellers earned prison sentences and were ordered to pay more than $1.6 million in restitution this week for defrauding a Georgia bank, federal law enforcement authorities said. In a press release, the […]
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