The FDIC's purpose was to provide economic stability to the failing ... "FDIC Approves Final Rule on the Definition of Deposit at Foreign Branches of U.S. Banks to Clarify That These Deposits ...

Some argued that the definition of brokered deposit is crimping innovation. "BBVA Compass is concerned about the interpretations contained in the FAQs that classify brokered deposits in an overly ...

including a definition of "deposit broker" that would rely on whether such entities shared information with banks. The rule, which will fully go into effect in 2022, also codifies some past advisory ...

The U.S. banking industry reported $70.6 billion in profits in the first quarter of 2025, a jump of 5.8% from the previous ...

"Such exclusive deposit placement arrangements were specifically excluded from the definition of a 'deposit broker' under the 2020 final rule even though they plainly met the definition of deposit ...

The proposed rule would expand the "deposit broker" definition. As a result, institution affiliated parties and intermediaries, such as nonbank financial companies, would become subject to ...

2 As noted above, federal law explicitly excludes ATMs and RSUs from the definition of domestic branch. The FDIC’s interpretation provides that a state nonmember bank is not required to obtain ...

The Federal Deposit Insurance Corporation (FDIC) has scheduled a meeting of its Board of Directors for next Tuesday to vote on the issue. A draft of the proposed rule will be made available to the ...

NEW YORK (Reuters) - Sheila Bair, former chair of the Federal Deposit Insurance Corporation, on Thursday warned that the economic recovery since the 2008 financial crisis has been largely driven ...