Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit […]
The “contours of changes” to the federal bank deposit insurance agency “remain unclear” resulting from the series of executive orders from the Trump administration aiming to reduce government size, the agency’s inspector general said in […]
Public comments on a bank regulator’s proposal to rescind its September 2024 bank merger policy statement, and reinstate its prior policy statement on an interim basis, are due April 10, according to a notice in […]
Credit risk associated with large, syndicated bank loans as of June 30, 2024, remained moderate, banking regulators said Monday in their assessment of risk in the largest and most complex credit facilities shared by regulated […]
The September bank merger policy statement would be rescinded under a proposal the federal bank deposit insurance agency issued Monday for a 30-day public comment period. The Federal Deposit Insurance Corp. (FDIC) also extended the […]
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