Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Impaired capital, not necessarily fraud, was behind the failure of a Chicago bank early this year – the first bank to fail in 2025 – the inspector general for the national bank deposit insurance agency […]
Banks’ federal deposit insurer on Monday announced disaster-related regulatory relief available for banks serving communities in seven states hit from March through May by a range of weather and related disaster conditions. The Federal Deposit […]
More than $2.76 billion in fines, restitution ordered, and other monetary recoveries were realized by the federal bank deposit insurance agency’s efforts in the six-month period of Oct. 1 of last year to March 31, […]
The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor. The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, […]
Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those […]
The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. […]
Banks reported a return on assets (ROA) of 1.16% in the first quarter of the year, the federal bank deposit insurance agency said Wednesday, the highest quarterly level among the last three. According to the […]
Bank supervision, blockchain technology and financial technology are all areas in need of special attention by the federal bank deposit insurance agency, as noted by earlier recommendation, according to a report made public Tuesday by […]
A bank merger review program put in place last fall was rescinded Tuesday by the federal bank deposit insurance agency which asserted that the program was “less transparent and less predictable” leading to confusion among […]
A 39-year career at the federal bank deposit insurance agency for a top financial stability supervisor will come to an end May 31, the agency said Friday. Arthur J. (“Art”) Murton, deputy to the chairman […]
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