Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The nation’s federal bank deposit insurer doled out two “outstanding,” two “needs improvement” and 74 “satisfactory” ratings this March in its examinations of banks for Community Reinvestment Act (CRA) compliance, the agency said in releasing […]
Jelena McWilliams was officially sworn in Tuesday as the twenty-first chairman of the federal deposit insurer; her first day on the job was Monday. McWilliams – confirmed by the Senate May 24 to succeed Martin […]
With the swearing in Tuesday of Jelena McWilliams as chairman of the Federal Deposit Insurance Corp. (FDIC) Board, all five of the federal financial institution regulators are now headed by a Donald Trump appointee. But […]
The federal deposit insurer for the nation’s banks and thrifts terminated another four bank receiverships June 1, according to a notice scheduled for publication in the Federal Register. The terminated receiverships were for: Community First […]
Receiverships for four former banks will be terminated, including one that began nearly nine years ago, according to filings by the federal deposit insurer and scheduled to be published Tuesday. According to the filings by […]
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 […]
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