Cash App to Become Official Financial Services Partner of the Atlanta Dream With Deep Focus on Community Initiatives and ...

The FDIC declined to comment when reached Tuesday. 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 ...

April 10 (Reuters) - U.S. Federal Deposit Insurance Corporation is looking for ways to cut staffing by an additional 20% as part of Elon Musk's Department of Government Efficiency cost-cutting ...

The FDIC currently relies primarily on Dodd-Frank Act “living wills” that those banks are required to have to demonstrate how they would be dissolved. Those steps often require the use of what ...

Still, some experts warn that favoring whole-bank sales could drive up resolution costs and undermine the FDIC's legal mandate to pursue the least costly option. Previously, the agency required banks ...

April 14 (Reuters) - A federal judge ordered Bank of America (BAC.N), opens new tab to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second ...

Treasury Secretary Scott Bessent backed acting FDIC Chair Travis Hill before a House committee on Wednesday, calling extended acting tenures not unusual but signaled he's willing to name a permanent ...

FDIC Hunting for Extra 20% Staff Cut as DOGE Descends on Agency, Bloomberg News Reports (Reuters) -U.S. Federal Deposit Insurance Corporation is looking for ways to cut staffing by an additional ...

On March 31, a federal judge ordered the national bank to pay the FDIC, ending the eight-year legal battle after the agency sued the bank in 2017, the report states. TRUMP TARIFFS: Trump’s ...

(Reuters) - A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what ...

The determined amount, however, fell short of the $1.12 billion the FDIC claimed the bank didn’t pay. “We are pleased the judge has ruled and have reserves reflecting the decision,” a ...