The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor. The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, […]
Four of the 18 banks whose performance ratings under the federal anti-redlining Community Reinvestment Act (CRA) were made public in May received the rating of “outstanding,” according to a release Monday by the Office of […]
Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those […]
A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the […]
The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. […]
What appears to have been the first one-on-one meeting this year between the Federal Reserve Board chairman and the U.S. president took place Thursday at the White House, according to information released by the Fed. […]
How possible changes in the role of U.S. financial assets as a “safe haven” might affect financial stability both domestically and internationally is “crucial to examine,” a Federal Reserve governor said Thursday. Fed Gov. Adriana […]
Banks reported a return on assets (ROA) of 1.16% in the first quarter of the year, the federal bank deposit insurance agency said Wednesday, the highest quarterly level among the last three. According to the […]
The financial well-being of U.S. households in 2024 was similar to two years earlier, with particular concerns about prices ongoing amid still-solid labor conditions, the Federal Reserve said Wednesday in announcing results of its Economic […]
One hundred twenty-five banks will be examined in the second half of the year for their compliance with rules implementing anti-redlining statutes, the regulator of national banks said Wednesday. In a release, the Office of […]
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