FDIC

The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.

Source: fdic.gov

FDIC Proposes Revisions to Statement of Policy on Bank Mergers

FDIC Proposes Revisions to Statement of Policy on Bank Mergers
FDIC Proposes Revisions to Statement of Policy on Bank Mergers
March 21, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers.  Get...

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FDIC Vice Chair: Tokenization ‘Beginning’ to Deliver Benefits  
FDIC Vice Chair: Tokenization ‘Beginning’ to Deliver Benefits  
March 13, 2024  |  Blockchain

Blockchain is full of promise, cryptocurrency perhaps less so, and tokenization is already shifting what it means to “own” an asset. Get the Full Story...

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Blank Check Firm Porticoes Plans to Snap Up Fallen Banks
Blank Check Firm Porticoes Plans to Snap Up Fallen Banks
March 13, 2024  |  Banking

Blank check firm Porticoes Capital is reportedly planning to buy up failed U.S. banks. Get the Full Story Complete the form to unlock this article and enjoy...

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Report: SVB Collapse Triggered Record $285 Million Penalty
Report: SVB Collapse Triggered Record $285 Million Penalty
March 12, 2024  |  Banking

Silicon Valley Bank’s (SVB) collapse was one of the largest banking failures in American history. Get the Full Story Complete the form to unlock this article...

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Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024  |  Banking

It’s said that those who don’t learn from history are doomed to repeat it. Get the Full Story Complete the form to unlock this article...

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Financial Institutions’ Net Income Drops 43.9% Amid FDIC’s Special Assessment
Financial Institutions’ Net Income Drops 43.9% Amid FDIC’s Special Assessment
March 07, 2024  |  Banking

Financial institutions’ net income dropped 43.9% in the fourth quarter of 2023. Get the Full Story Complete the form to unlock this article and enjoy...

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Capital One Says Repair of Discover’s Regulatory Challenges a ‘Big Undertaking’
Capital One Says Repair of Discover’s Regulatory Challenges a ‘Big Undertaking’
February 27, 2024  |  Regulation

Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. Get the Full Story Complete the form to unlock this article...

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IRS Sues FDIC Over SVB Taxes
IRS Sues FDIC Over SVB Taxes
February 13, 2024  |  Legal

The Internal Revenue Service (IRS) is suing the Federal Deposit Insurance Corp. (FDIC) over a tax debt owed by the failed Silicon Valley Bank. Get the Full Story Complete...

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Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
February 02, 2024  |  Innovation

Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial...

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