A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch […]
Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According […]
Payment stablecoin issuers would be required to fully back their stablecoins with certain permissible reserve assets, and banks applying to issue payment stablecoins would face a “tailored application process” under two proposals issued Thursday by […]
Foreclosures of first mortgages inched up in the second quarter of this year, with higher levels than the previous quarter and higher than the same number one year ago, the national bank regulator said Wednesday. […]
The latest Weighted Average Remaining Maturity – also known as “life-of-loan” factors — are updated in the September 2026 update of the simplified tool the federal regulator provides to smaller credit unions for estimating the […]
Updates to conform with standards and evolving risks were made to the national bank regulator’s Cybersecurity Supervision Work Program (CSW), but none of the changes affect banks’ regulatory compliance responsibilities, according to an announcement Monday. […]
Charges of check fraud, misappropriation of customer funds, and misapplication of funds and conflicts of interest have led to the separate prohibitions of three former employees of banks and financial companies, the Federal Reserve said […]
Two former bank employees were barred from any future work in federally insured financial institutions after the national bank regulator determined one embezzled and the other made unauthorized debits from customer accounts. The Office of […]
Reforming the bank merger process and promoting parity between state banks and national banks are the aims of two proposals issued Thursday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. (FDIC) […]
Merger transactions and state bank parity are the subjects of two proposed rules the board of the federal bank deposit insurance agency will take up when it meets Thursday (Sept. 17) in Washington, D.C. According […]
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