FDIC changes contractor used to market failing banks
The FDIC announced it is changing the virtual data room contractor used to market failing financial institutions. The agency will ...
Tag: Bank closures
GAO: Systemic risk exception for 2023 bank failures likely prevented further instability
The 2023 decision by banking regulators to invoke a systemic risk exemption to protect uninsured deposits following the Silicon Valley ...
Pulaski Savings Bank closed in Chicago
Illinois regulators closed Pulaski Savings Bank of Chicago and appointed the FDIC as receiver. Millennium Bank of Des Plaines, Illinois, ...
FDIC sues former SVB execs over bank closure
The FDIC sued 17 former executives and directors of Silicon Valley Bank, alleging their gross negligence led to the collapse ...
FDIC’s Gruenberg warns against ‘false sense of complacency’ in bank oversight
In one of his last speeches before exiting his current role, FDIC Chairman Martin Gruenberg said he was worried that ...
OCC’s Hsu discusses deposit insurance reform, domestic bank regulation
Federal agencies have changed their supervisory practices regarding liquidity risk management since the failure of Silicon Valley Bank, but only ...
Report: FDIC not ready to handle regional bank failures at time of SVB collapse
The FDIC was ill-prepared to resolve large regional banks at the time of last year’s failures of Silicon Valley Bank ...
Bank risk officers identify cybersecurity, fraud as top risks
Cybersecurity along with fraud and financial crimes are the top risks facing financial institutions in 2025, according to a recent ...
CFPB’s Chopra suggests expanding deposit insurance limits
Congress should remove or “dramatically” increase limits on federal deposit insurance for payroll and other non-interest bearing operating accounts, CFPB ...
OCC releases final rule on large-bank recovery planning requirements
The OCC released its final rule to expand its enforceable recovery planning guidelines to national banks, federal savings associations and ...
