Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and ...

Uninsured depositors at Silicon Valley Bank and Signature Bank didn't lose money, but allowing that to happen caused a $20-billion hit to the FDIC's insurance fund, with repayment of the expense ...

The guaranteed deposits extend beyond the Federal Deposit Insurance Corporation (FDIC) fund insurance that promises depositors' funds up to $250,000 will be covered, and only a very small ...

The Federal Deposit Insurance Corporation (FDIC) was established in 1933 during the Great Depression. By insuring bank deposits, the government tries to promote stability in the financial system ...

Currently, the Federal Deposit Insurance Corp (FDIC)guarantees deposits of up to $250,000 per person, per bank. That limit was enshrined in law by the 2010 Dodd-Frank reform law passed following ...

The federal government’s move on Mar. 12 to protect all depositors of the failed Silicon Valley Bank and Signature Bank SBNY — even those exceeding the standard $250,000 insurance cap ...

After the recent collapses of Silicon Vally Bank parent SVB Financial and Signature Bank, there have been calls for some form of blanket insurance on all U.S. bank deposits.

The risk of bank runs could be lowered if lawmakers accept a new proposal from the Federal Deposit Insurance Corp. to boost deposit-insurance protection for businesses above the current $250,000 ...

Fifth Third Bank said the auto insurance practices singled out by the Consumer Financial Protection Bureau had already been voluntarily ended in 2019. (Stephen Zenner/SOPA Images/Sipa USA/AP) ...

WASHINGTON — The Federal Deposit Insurance Corporation on Monday recommended that Congress consider expanding its regulatory powers to backstop certain deposits so that it could prevent bank runs.

Cadence Bank, which on Tuesday announced the sale of its insurance brokerage for $904 million in cash, expects to record proceeds of around $650 million after taxes and other costs. Cadence Bank is ...