News

Explícame on MSN1d
Trump's changes at the FDIC, is your money still safe?
The Federal Deposit Insurance Corporation (FDIC) has long been a cornerstone of financial security for Americans. However, ...
Banking Dive10d
FDIC aims to reduce workforce by 1,250
An internal memo sent Monday aligns with earlier reports that the Department of Government Efficiency was targeting the FDIC ...
Hosted on MSN4mon
‘One of the dumbest ideas’: Abolishing the FDIC could backfire on Trump and his allies
The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Today, during a time of ...
Devdiscourse11d
FDIC to Slash Workforce Amidst Federal Downsizing Push
The Federal Deposit Insurance Corporation (FDIC) announced it will reduce its workforce by approximately 20% as part of a ...
Winston-Salem Journal5d
FDIC policy shift on failing banks stirs memories of 2008 Wachovia-Wells Fargo-Citigroup financial triangle
A seismic shift in Federal Deposit Insurance Corp. policy for handling a failing national or regional bank — foremost ...
Charlotte Observer17d
Bank of America ordered to pay the FDIC $540 million in an 8-year-old case
In 2017, the FDIC sued the second-largest U.S. bank for failure to pay $1.12 billion in deposit insurance assessments in violation of the Federal Deposit Insurance Act, and claimed the bank had ...
Yahoo Finance10d
FDIC aims to reduce workforce by 1,250
According to President Donald Trump, the DOGE was created to bring transparency to federal spending, “ensuring taxpayer dollars are spent wisely and effectively.” The FDIC, however ...