Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A new contractor to market failing financial institutions through a virtual data room (VDR) has been hired by the federal bank deposit insurance agency, it said Wednesday, beginning next month. In a letter to banks […]
A merger of Discover Bank, Greenwood, Del., into Capital One, National Association, McLean, Va., was approved by two federal banking regulators Friday on condition that Discover Bank and its affiliates satisfy requirements of a consent […]
Resolution plans for large banks will no longer require the institutions to use a bridge bank strategy and a hypothetical failure scenario in the plan, the federal insurer of bank deposits said Friday. In a […]
Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal […]
Electronic communications for supervisory correspondence is now the permanent, preferred method for the federal bank deposit insurance agency, it said Tuesday. In March 2020, the Federal Deposit Insurance Corp. (FDIC) began using electronic communications from […]
A former banker has been charged for engaging in a nearly $2 million check kiting fraud scheme at an East St. Louis, Ill., bank, the inspector general for the federal bank deposit insurance agency said […]
Updated “frequently asked questions” (FAQs) about bank resolution plan submissions are in the offing by the federal bank deposit insurance agency, its acting board chairman said Tuesday. In public remarks to a conference of the […]
Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in […]
Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in […]
The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies […]
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