Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The nine-member Minority Depository Institutions Subcommittee to the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee on Community Banking is set to meet virtually Monday, the agency said Friday, with closed meeting discussion held to prepare […]
Former Federal Reserve Board Chairman Ben Bernanke and Gary Cohn, the former top economic advisor for the Trump administration, are among the five individuals named Thursday to the Federal Deposit Insurance Corp.’s (FDIC) Systemic Resolution […]
Bankers from Alaska, Iowa, and South Dakota have been tapped as the newest members of the community banking advisory committee for the federal insurer of bank deposits, the agency said Wednesday. The Federal Deposit Insurance […]
A report that looks at current options for winding down a failed, systemically important banking firm (GSIB) in an orderly fashion was released Tuesday by the Government Accountability Office (GAO). The report, as directed under […]
Public input on a potential voluntary certification program for banks to pursue in setting standards for their technology use – and particularly models of such programs used by so-called “fintechs” – is being sought by […]
The nine enforcement actions announced by the Office of the Comptroller of the Currency (OCC) this week included one civil money penalty assessment (CMP) of $100,000 related to a bank’s deficiencies under the Bank Secrecy […]
An adequate sexual harassment prevention program has not been established by the federal insurer of bank deposits – and the agency should improve its policies and practices to facilitate reporting of any harassment, a report […]
The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking is slated to hold an open meeting July 28 from 1 to 5:30 p.m. ET, with the meeting – out of an abundance of […]
There are no material differences in accounting and capital standards applicable to the insured depository institutions they regulate and supervise, but there are some technical deviations, the federal banking agencies will say in their annual […]
The federal bank deposit insurer’s receivership of the defunct ShoreBank (Chicago) was terminated July 1, the agency said in a recent Federal Register notice. ShoreBank was closed by the Illinois Department of Financial and Professional […]
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