FDIC: Deposit insurance fund on track for recovery
The Deposit Insurance Fund could be replenished as early as 2024 under a restoration plan adopted by the FDIC last ...
Tag: FDIC
FDIC vice chairman: Don’t blame regulatory tailoring bill for bank closures
Legislation that gave the bank regulators broad discretion over how they supervised certain banks had nothing to do with the ...
ABA, BPI urge FDIC to rethink deposit insurance signage updates
An FDIC proposal to modernize its sign and advertising rules is welcome, but a less prescriptive approach would allow banks ...
Regulators consider stronger rules for larger banks
The Federal Reserve is reviewing its capital and liquidity standards for all large banks following the closures of Silicon Valley ...
Senators question regulators’ role in SVB collapse
During a Senate Banking Committee hearing this week, regulators agreed that rules governing financial institutions should be strengthened to better ...
Gruenberg: Deposit fund assessment proposal coming in May
The FDIC estimates that the cost of resolving Silicon Valley Bank will likely be $20 billion, which will be recovered ...
First Citizens Bank acquires SVB deposits, loans
The FDIC announced late Sunday that First Citizens Bank & Trust of Raleigh, North Carolina, has agreed to purchase and ...
FDIC: Deposit rates slowed but remained steady in 2022
Deposit growth rates for the banking industry moderated for the year ending on June 30, 2022, returning to roughly the ...
Sen. Brown asks regulators for ‘comprehensive review’ of bank failures
As regulators conduct their reviews, Brown said they should look for “broader vulnerabilities” in the banking system and take steps ...
FDIC: Institutions required to meet contractual obligations with bridge banks
Following the opening by the FDIC of two bridge banks, Silicon Valley Bridge Bank and Signature Bridge Bank, to assume ...
