Quarterly Banking Profile: Banking net income nearly $257B in 2023
The banking industry reported full-year 2023 net income of $256.9 billion, down $6 billion, or 2.3%, from the prior year, ...
Tag: Deposit insurance
The FDIC’s unusual loan from the Federal Reserve
The FDIC’s unexplained decision to borrow from the Fed to resolve failed banks last spring — and the Fed’s choice ...
FDIC adopts final rule on signage, deposit insurance misrepresentation
The FDIC board voted in favor of a final rule to modernize requirements regarding the display of the official FDIC ...
FDIC: Deposit Insurance Fund reserve ratio on track to reach statutory goal
The Deposit Insurance Fund balance was $117 billion as of June 30, the FDIC said in the second of its ...
FDIC issues final special assessment to recover Deposit Insurance Fund losses
The FDIC approved a final special assessment to recover the hit to the Deposit Insurance Fund resulting from the agency’s ...
FDIC launches campaign to promote deposit insurance
The FDIC launched a consumer campaign to increase public awareness of deposit insurance, titled “Know Your Risk. Protect Your Money.” ...
FDIC’s Gruenberg sees little chance of deposit insurance system changes
There is little likelihood of any changes being made to the U.S. deposit insurance system in the foreseeable future as ...
House Republicans want FDIC to consider regional banks in proposed assessment
The FDIC needs to consider the effects on mid-size and regional banks as it moves forward with a proposed special ...
Sens. Brown, Vance seek to exclude certain deposits from special assessment
The FDIC should focus on the types of uninsured deposits that were at the greatest run risk during the recent ...
FDIC says banks need to correctly report uninsured deposits
The FDIC issued a letter to remind financial institutions of their obligation to report estimated uninsured deposits in accordance with ...
