Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Economic inclusion can be expanded when bank customers (or credit union members) open accounts to deposit their tax refunds by direct deposit, an outcome of involvement in the federal tax service’s volunteer tax assistance program, […]
More than $712 million in fines, restitution ordered, and other monetary recoveries were realized by the federal insurer of bank deposits between last fall and this spring, according to a report sent to Congress Tuesday. […]
Four banks received ratings of “outstanding” for their compliance with anti-redlining laws – while four others received ratings of “needs improvement” – according to the latest ratings results issued Tuesday by the federal insurer of […]
Annual summary of deposits (SOD) surveys will be due July 31, the federal insurer of bank deposits said Friday – noting that, after that date, no extensions will be granted for submitting the data. The […]
Host state-to-loan-deposit ratios of 98% were recorded by both Arizona and New Jersey in the year ending June 30, 2023, the highest ratios of all the states and territories, the federal banking agencies said Friday. […]
The special committee established last year to conduct an independent review of allegations of sexual harassment and other misconduct at the Federal Deposit Insurance Corp. (FDIC) was terminated Thursday, the agency announced in a release. […]
Banks in areas of Iowa, Kentucky and West Virginia have been extended regulatory relief in the wake of severe storms in their states, the federal insurer of bank deposits said Thursday. The relief was extended […]
A mixed bag of results from federally insured banks’ first-quarter all reports included a strong rise in overall net income, overall good asset quality, but ongoing deterioration in commercial real estate (CRE) and credit card […]
A “special inquiry” into the workplace culture of the federal bank deposit insurance agency is underway by the agency’s inspector general, “with respect to harassment and related misconduct,” according to a memo released by the […]
Higher interest rates, an inverted yield curve, declining deposits, higher cost of funding, and compressing net interest margins – at least among some banks – were key risks to banks that developed in 2023, according […]
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