Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A proposed change to the federal deposit insurance assessment system for banks that would eliminate the double counting of some optional portions of capital related to the transition to the current expected credit losses (CECL) […]
Of the 58 banks whose Community Reinvestment Act (CRA) ratings were assigned by the Federal Deposit Insurance Corp. (FDIC) in September, all received ratings of “satisfactory” except for four: one rated for “substantial noncompliance” and […]
Two penalties were assessed in October by the federal bank deposit insurer related to findings of fiduciary duty violations and violations of federal flood insurance rules, according to information released recently on the agency’s October […]
Convictions reached on multiple counts of bank fraud, guilty pleas by bank executives for stealing from their institutions, and recoveries from individuals who stole from a fund meant to help businesses pay their workers during […]
Title: Temporary Asset Thresholds Subject: Regulatory asset thresholds Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; COVID response Summary: To mitigate temporary transition costs on banking organizations related to the coronavirus disease 2019 (COVID […]
Banks reported improved profitability in the third quarter of the year compared with the first half of the year, but their combined net interest margin fell to a record low, the federal insurer of banks […]
Community banks could use asset data from the end of last year to determine applicability of various regulatory assets thresholds for the remainder of this year and all of next under an interim final rule […]
A total of 570 banks and savings associations throughout the country are scheduled for Community Reinvestment Act (CRA) evaluations over the first and second quarters of 2021, according to the schedules released Monday by the […]
Banks, “as soon as practicable,” should cease entering into new contracts that employ a widely used reference rate that is being phased out, the three federal banking agencies in a statement issued Monday. The recommendation is […]
The second bank of the year to fail – First State Bank of Barboursville, W.Va. – did not warrant an in-depth review by the federal insurer of bank deposits even though the failure is estimated […]
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