The FDIC has issued a stark warning about 63 banks currently on the brink of failure. This development has sparked concerns ...

FDIC issued guidance that embraces use of pre-filled customer data for Customer Identification Program (CIP) requirements.

The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...

"We can't and won't stand for it," said Coinbase Chief Legal Officer Paul Grewal as the crypto exchange filed an opposition ...

The FDIC provides coverage for several types of bank accounts, such as checking, savings, certificates of deposit (CDs) and money market accounts. The coverage limit is $250,000 for each of these ...

FDIC Chairman Martin Gruenberg said the overall level of problem banks, now totaling 68 firms, is "not atypical." But he added it is a "consequential development" for individual firms that comes ...

The FDIC’s usual operating plan for a failed bank calls for a quick receivership process that seeks to maximize the value of depositor accounts, the FDIC insurance fund, and the assets for any ...

The Federal Deposit Insurance Corp. is an independent agency of the U.S. government that insures deposits in banks and savings institutions up to $250,000 per depositor.

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The FDIC fund, which guarantees customers' bank deposits of up to $250,000, stood at $128.2 billion at the end of 2022, according to the FDIC.