FDIC releases study of 2023 bank failures
The FDIC released a detailed analysis of the 2023 spring bank failures, finding that depositors with “substantial” uninsured funds were ...
Tag: Bank closures
Community Bank and Trust – West Georgia closed by regulators
Georgia regulators closed Community Bank and Trust - West Georgia in LaGrange, Georgia, and appointed the FDIC as receiver. Anchor ...
Study: Weak fundamentals primary cause of bank failures
A recent study of more than 150 years of U.S. bank data has concluded that weak fundamentals are the primary ...
OCC rescinds recovery standards for larger banks
The OCC finalized a rule to rescind the agency’s updated recovery planning guidelines for banks with at least $100 billion ...
Fed commissions independent review of Silicon Valley Bank failure
The Federal Reserve has hired an external firm to conduct a review of the Silicon Valley Bank failure, Fed Vice ...
FDIC to allow private equity firms, nonbanks to bid on failed banks
The FDIC board rescinded a 2009 policy that prevented private equity firms and other nonbanks from bidding on failed banks.
Senators reintroduce bill to ‘claw back’ bank executive pay
A bipartisan group of 14 senators has reintroduced legislation to require the FDIC to “claw back” bank executive pay following ...
FDIC’s Hill outlines policy proposals on stablecoin insurance, bank failures
In coming months, the FDIC will seek to clarify that payment stablecoins are not eligible for FDIC pass-through insurance, end ...
Metropolitan Capital Bank closed in Illinois
Illinois regulators closed Metropolitan Capital Bank & Trust in Chicago and appointed the FDIC as receiver. First Independence Bank in ...
ABA urges FDIC to pause special assessment collection
The FDIC should defer collection of the special assessment imposed on certain banks following the failures of Silicon Valley Bank ...
