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

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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Regional Banks Try to Smooth ‘Scar Tissue’ of SVB Collapse
Regional Banks Try to Smooth ‘Scar Tissue’ of SVB Collapse
January 29, 2024  |  Banking

America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. Get the Full Story Complete the form to unlock this article and enjoy...

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Citi Reports $1.8 Billion Net Loss Partly From FDIC Bank Failure Assessment
Citi Reports $1.8 Billion Net Loss Partly From FDIC Bank Failure Assessment
January 12, 2024  |  Earnings

Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.” Get the Full Story Complete...

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SVB Financial Group and Creditors Aim to Form New Company
SVB Financial Group and Creditors Aim to Form New Company
January 09, 2024  |  Banking

SVB Financial Group, the former parent company of Silicon Valley Bank, has made progress in its bankruptcy case by reaching a deal with key creditors....

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X’s Money Movement Push Comes as Regulators Warn of Non-Bank Financial Risks
X’s Money Movement Push Comes as Regulators Warn of Non-Bank Financial Risks
December 11, 2023  |  Digital Payments

X, formerly known Twitter, has been laying the groundwork state by state to move further into money movement. In doing so, the social media stalwart...

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Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
December 06, 2023  |  Bank Regulation

In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action.  Get...

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