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 ...
Tag: FDIC
FDIC’s Hill outlines agency priorities in Trump administration
Acting Chairman Travis Hill promised to ditch recent changes to the FDIC’s process for reviewing proposed bank mergers and to ...
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 ...
FDIC’s Hill outlines policy priorities in next administration
FDIC Vice Chairman Travis Hill outlined his policy priorities for the agency, calling for a return to fundamentals for bank ...
Agencies announce small bank, intermediate small bank asset-size thresholds for 2025
The Federal Reserve and FDIC announced the updated Community Reinvestment Act "small bank" and "intermediate small bank" asset-size thresholds for ...
FDIC approves $3B budget for 2025
The FDIC board unanimously approved a $3 billion operating budget for the agency in 2025, up 2.2% from the current ...
Top bank risks for 2025
New and persistent bank risks’ interconnectedness elevate overall risk.
Banking agencies release CRA data on small-business, small-farm lending in 2023
The total number and value of small-business and small-farm loans made by financial institutions subject to the Community Reinvestment Act ...
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