The FDIC, formed in 1933 during the Great Depression, is an independent government agency that insures deposits at U.S. member banks, ensuring depositor safety for customers in case of bank failure.

Official White House photo President Trump’s executive order directs federal bank regulators to investigate account closures tied to political or religious beliefs, phases out the use of “reputational ...

The FDIC sued Bank of America in 2017 after it said the bank failed to pay more than $500 million in mandatory assessments - later amending its complaint to increase the total to $1.12 billion ...

Politics and policy FDIC narrows bank resolution plan requirements By Ebrima Santos Sanneh April 18, 2025, 4:37 p.m. EDT 3 Min Read Al Drago/Bloomberg ...

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure it later expanded to $1.12 billion — alleging that the banking giant failed to ...

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure it later expanded to $1.12 billion — alleging that the banking giant failed to ...

Business Bank of America ordered to pay the FDIC $540 million in an 8-year-old case By Catherine Muccigrosso Updated April 15, 2025 4:17 PM ...

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure it later expanded to $1.12 billion — alleging that the banking giant failed to ...

Bank of America must pay $540.3 million for underpaying deposit insurance after a federal judge ruled in FDIC’s favor for assessments from 2013 to 2014. Daniel Tepper Bloomberg ...

The bank neither admitted nor denied the allegations. The bank was ordered to make restitution of at least $1.225 billion to affected parties and pay a civil money penalty of $150 million.

Regulation and compliance FDIC upheaval offers crypto opportunity, bank uncertainty By Frank Gargano April 04, 2025, 9:00 a.m. EDT 7 Min Read ...