Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A list of distressed or underserved nonmetropolitan middle-income geographies for 2021 – the areas where revitalization or stabilization activities are eligible for anti-redlining community development designation — was released Friday by two federal banking agencies. […]
Issues relating to the concept of resolution of a central counterparty (CCP) — an entity that aims to help facilitate trading in various European derivatives and equities markets – was the focus of a virtual […]
The former board chairman of an Illinois bank was prohibited from further participation with federally insured financial institutions, and fined $105,000, for “recklessly” participating in unsafe or unsound practices and breaching fiduciary duties related to […]
Exploration of how financial technology and innovation can create a more diverse, equitable and inclusive banking system is the target for a virtual conference set for next week by the federal insurer of deposits at […]
A long-time staffer from the federal insurer of bank deposits is now the acting director of the regulator of the government-sponsored enterprises (GSEs) that buy most of the nation’s mortgages. Sandra L. Thompson, a former […]
Updates to four sections of the Bank Secrecy Act/anti-money laundering (BSA/AML) examination manual for financial institution examiners were announced Monday by the federal financial institution regulators’ umbrella examination council. The manual, published by the Federal […]
The three federal banking agencies were closed Friday, they announced in separate releases Thursday, in observance of the new federal Juneteenth National Independence Day holiday signed into law Thursday by President Joe Biden (D). The […]
The relationship between interest rates and net interest margin (NIM) has been much less pronounced recently for banks with high concentrations of longer-term assets, according to a report issued Thursday by the Federal Deposit Insurance […]
Helping unbanked individuals and households come into the banking system with expanded capabilities through new technologies and techniques is the target of a “tech sprint” announced Wednesday by the federal insurer of bank deposits. According […]
Promoting the preservation of minority depository institutions (MDIs) and enhancing communication those banks and the federal insurer of deposits is the focus of a new policy statement issued by the agency Tuesday. In a release, […]
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