All in all, it’s a highly favorable backdrop for banks, as witnessed by a rising balance in the FDIC insurance fund and a mere two bank failures in 2024, out of more than 4,500 institutions.

The FDIC pointed to the bank's reliance on unhedged, interest rate-sensitive assets, such as long-term U.S. Treasuries and mortgage-backed securities, despite rising interest rates. It also flagged a ...

The decision to exit the body, known as the Network of Central Banks and Supervisors for Greening the Financial System, comes days after a similar decision by the Federal Reserve and follows ...

He has served as the FDIC's vice chair since 2023. He previously was a senior adviser to then-FDIC Chairman Jelena McWilliams, who led the agency during Trump's first term. Hill takes over from ...

The FDIC found favorably on those factors as well as additional requirements applicable to the transaction as an interstate merger under section 44 of the Federal Deposit Insurance Act.

BlackRock, Inc. BLK has been informed by the Federal Deposit Insurance Corporation (“FDIC”) that it has until Jan. 10, 2025, to accept the “passivity agreement”. This was reported by a ...

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary ...

The enforcement action, in which the FDIC said the bank “recklessly engaged in unsafe or unsound practices” and benefited financially from doing so, was brought against the $90 million-asset ...

By Pete Schroeder WASHINGTON (Reuters) -Newly sworn-in President Donald Trump on Monday appointed Federal Deposit Insurance ...

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Accounts are insured by the FDIC, and all deposits above the FDIC ... Synchrony doesn’t charge fees at any ATM displaying the Plus or Accel logos, but the ATM owner may charge a fee.