Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Banks will be required to settle most securities transactions within the number of business days in the standard settlement cycle followed by registered broker dealers around the country — unless otherwise agreed to by the […]
A key insider in the now-defunct Excel Bank (Sedalia, Mo.) was sentenced to 68 months in federal prison and ordered to pay more than $5 million in restitution Tuesday for his actions, the Federal Deposit […]
The federal bank deposit insurer issued its own proposal Thursday on revising the “Volcker Rule,” with its outgoing board chairman giving his support after asserting the proposal preserves the core principles of the rule first […]
The Federal Deposit Insurance Corp. (FDIC) on Thursday released its lists of banks slated for Community Reinvestment Act (CRA) examinations during the third and fourth quarters of 2018. CRA, enacted in 1977 in response to […]
Three recent partnerships between the federal insurer of bank deposits and federal law enforcement have resulted in a conviction, forfeiture of funds and charges of conspiracy to defraud a bank, the agency said Wednesday. In […]
Proposed revisions to the “Volcker Rule” — which places limits on proprietary trading and hedge fund and private equity investments — will be considered by the federal banking regulators this week. The Federal Reserve Board is […]
Eleven approvals of “section 19” applications restoring an individual’s ability to work at a federally insured financial institution were among the 35 administrative enforcement actions the Federal Deposit Insurance Corp. (FDIC) issued in April, the […]
The Federal Deposit Insurance Corp. (FDIC) is planning to renew three information collections regarding insured institutions and is accepting public comments for 60 days. The information collections are titled “Interagency Supervisory Guidance for the Supervisory […]
A ‘town hall’ webinar for bank and nonprofit staff who train or serve entrepreneurs is being held next month by the Federal Deposit Insurance Corp. (FDIC). Dubbed “Money Smart for Small Businesses,” the webinar will […]
The Senate, voting 69-24, on Thursday confirmed Jelena McWilliams to be chairman of the Federal Deposit Insurance Corp. (FDIC) Board. McWilliams’ nomination to a six-year term on the board was approved on voice vote. McWilliams […]
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