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

JPMorgan Chase’s Consumer Deposits ‘Slightly Down’ Over Banking Crisis and Rates
JPMorgan Chase’s Consumer Deposits ‘Slightly Down’ Over Banking Crisis and Rates
June 13, 2023  |  Banking

The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit.  Get the Full...

READ MORE >
Is Fed and FDIC Data on Dropping Bank Deposits a Blip or Trend?
Is Fed and FDIC Data on Dropping Bank Deposits a Blip or Trend?
June 02, 2023  |  Banking

For banks — and specifically for their consumers: No deposit, no return? Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Banking Crisis Saps FDIC Insurance Fund
Banking Crisis Saps FDIC Insurance Fund
June 01, 2023  |  Banking

The recent banking crisis has strained the U.S. government’s deposit insurance fund. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Report: 15% of First Republic Workforce Being Cut After Acquisition
Report: 15% of First Republic Workforce Being Cut After Acquisition
May 25, 2023  |  Acquisitions

JPMorgan Chase is reportedly cutting about 15% of the workforce from First Republic Bank. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Report: NCR Considers Selling $2 Billion Digital Banking Business
Report: NCR Considers Selling $2 Billion Digital Banking Business
May 24, 2023  |  Digital Banking

NCR is reportedly weighing selling its digital banking unit ahead of its planned split. Get the Full Story Complete the form to unlock this article...

READ MORE >
CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositors
CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositors
May 11, 2023  |  Banking

The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. Get the Full Story Complete the form to unlock...

READ MORE >
FDIC: Big Banks to Pay Bulk of SVB Rescue Cost
FDIC: Big Banks to Pay Bulk of SVB Rescue Cost
May 11, 2023  |  Banking

America’s biggest banks are facing a $15.8 billion bill for the recent banking crisis. Get the Full Story Complete the form to unlock this article...

READ MORE >
Jamie Dimon: ‘It’s Going to Get Worse’ for Banks
Jamie Dimon: ‘It’s Going to Get Worse’ for Banks
May 11, 2023  |  Banking

The head of America’s biggest bank is predicting tough times for his industry. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Report: FDIC Rescues Create ‘Vicious Cycle’ for Future Bank Purchases
Report: FDIC Rescues Create ‘Vicious Cycle’ for Future Bank Purchases
May 07, 2023  |  Banking

Do banks need to fail — and get government help — before buyers come forward? Get the Full Story Complete the form to unlock this...

READ MORE >