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

Report: 15% of First Republic Workforce Being Cut After Acquisition

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...

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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...

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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...

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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...

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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...

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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...

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Buffet: FDIC Avoided Catastrophe by Covering All SVB Customers
Buffet: FDIC Avoided Catastrophe by Covering All SVB Customers
May 07, 2023  |  Banking

“A run on every bank in the country.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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SEC Reportedly Investigating Alleged Insider Trading at First Republic Bank
SEC Reportedly Investigating Alleged Insider Trading at First Republic Bank
May 05, 2023  |  Banking

The Securities and Exchange Commission (SEC) is reportedly investigating whether there was insider trading at First Republic Bank. Get the Full Story Complete the form to unlock this...

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SVB’s Former Owner May Have to Wait to Claim $2 Billion
SVB’s Former Owner May Have to Wait to Claim $2 Billion
May 04, 2023  |  Regulation

SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. Get the Full Story Complete the form to unlock this...

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