Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Two Indiana bankers – who both worked for the same bank in Covington, Ind. – were prohibited from further work in a financial institution after pleading guilty to laundering more than $1.6 million of illicit […]
Nearly 400 banks are slated for evaluations under the anti-redlining Community Reinvestment Act (CRA) over the following two calendar quarters, according to schedules released Friday. Both the Federal Deposit Insurance Corp. (FDIC) and the Office […]
Even though banks saw their net income drop in the final quarter of 2025, they did report a four-year high return on assets (ROA) ratio of 1.24%, according to fourth quarter numbers released Tuesday by […]
The “fastest-growing loan segment” – lending to nondepository financial institutions (NDFIs) – expanded at a compounded annual rate of 21.9% from 2010 to 2024, nearly three times as fast as the next fast-growing segment, a […]
Stress test scenarios for banks with $250 billion or more in assets were released Thursday by two federal banking regulators, with submissions due by April 5 and public release of the results required between June […]
The comment period on a proposed rule issued setting procedures for insured, state-chartered nonmember banks or savings associations to seek federal approval to issue stable coins through a subsidiary is extended to May 18, the […]
Forty-five banks were deemed “satisfactory” and four “outstanding” in evaluation ratings assigned in November under the federal bank deposit insurer’s anti-redlining Community Reinvestment Act (CRA) rules, according to data released Thursday. The four banks rated […]
Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance […]
A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 […]
Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. […]
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