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‘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 ...
OPB24d
The FDIC's goal is to prevent another banking crisis. It's now also a Trump target
The Federal Deposit Insurance Corp. (FDIC) is responsible for insuring consumer deposits against bank failures — and for preventing those failures in the first place. Since its creation 92 years ...
American Banker27d
FDIC sheds 10% of workforce; more cuts likely
The National Treasury Employees Union — which advocates for employees from 37 departments and offices, including FDIC staff — criticized the directive. The American Federation of Government Employees ...
Bloomberg L.P.27d
FDIC Ordered to Face SVB Financial Suit Seeking $1.9 Billion
The FDIC, which insures bank deposits, failed to adequately oppose a claim that it owes those funds to the bank’s former parent, Silicon Valley Bank Financial Trust, US District Judge Beth ...
American Banker24d
FDIC rescinds Biden-era merger policy, slew of pending rules
"While the FDIC considers broader revisions to its merger policy, the FDIC is proposing to return to its historical approach, which is well-understood by market participants." The move is one of the ...
Reuters25d
FDIC moves to roll back merger policy that scrutinized larger deals
The proposal will temporarily reinstate the merger policy that was in effect prior to 2024 as the FDIC conducts a broader reevaluation of its bank merger review process, the agency said.
Investopedia1y
Will FDIC Insurance Limits Go Up This Year?
In other words, it’s still up in the air whether the limit will be raised this year. In May, the FDIC proposed raising the limit for businesses and leaving it as-is for individuals. However ...
Investopedia2y
How Much Of Regional Bank Deposits Are Not FDIC Insured?
That means almost all deposits at those banks were greater than the $250,000 Federal Deposit Insurance Corporation (FDIC) insured limit—most likely a function of the kind of customers the firms ...
Wall Street Journal22d
FDIC Seeking Rollback of Bank Merger Rule
New rules would require a public comment period and then a final vote by the FDIC board.
Bloomberg L.P.24d
FDIC Rescinds Plans on Brokered Deposits, Bank Board Governance
The FDIC retreated on a plan to strengthen regulation of lenders’ brokered deposits, a move that followed the 2023 collapses of Silicon Valley Bank and Signature Bank. It will also pull back a ...
Reuters28d
Silicon Valley Bank's former parent can pursue $1.93 billion FDIC lawsuit
In a decision on Thursday, U.S. District Judge Beth Labson Freeman in San Jose, California said the former parent, now known as SVB Financial Trust, adequately alleged that the FDIC in its ...