Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A new sign of federal bank deposit insurance coverage for digital display purposes was approved for industry use late Wednesday by the board of insurance agency late Wednesday. The new sign is intended to be […]
An operating budget for 2024 of nearly $3 billion – down 6.3% from the previous year – was approved by the board of the federal bank deposit insurance agency late Wednesday, the agency said. According […]
Data on smallbusiness, small farm, and community development lending during 2022 was released Wednesday by the federal banking regulators, part of their annual obligation under federal anti-redlining laws. According to the fact sheet released by […]
Banks with commercial real estate (CRE) concentrations should have strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices, the federal bank deposit insurance agency said Monday in a letter to all banks. […]
The 2024 spending plan for the federal bank deposit insurance agency will be up for consideration when its board meets Wednesday at 2 p.m. ET, the agency said Monday. The Federal Deposit Insurance Corp. (FDIC) […]
Action will continue not be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks, federal banking regulators said Friday. An interagency statement […]
A 5% equity ratio in the commercial real estate assets held formerly by a failed New York bank was sold late last week that includes $5.8 billion of rent stabilized or rent controlled multifamily loans, […]
A former acting U.S. attorney for the Southern District of New York (SDNY) will lead a team of three lawyers from a New York, N.Y., and Washington, D.C., law firm in conducting a workplace culture […]
Despite the level of reserves in the fund insuring bank deposits falling relative to the savings covered by the insurance, there will be no change in assessment rates paid by banks, the agency overseeing the […]
A search for a law firm to conduct an independent review of the workplace culture of the federal insurer of bank deposits is underway, according to a statement issued by the special committee of agency’s […]
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