The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused ...

FDIC probe finds widespread sexual misconduct occurred for years at bank regulator By . Reuters. Published May 7, 2024. Updated May 7, 2024, 4:01 p.m. ET ...

When it was established in 1933, some 4,000 banks had closed in the first few months alone. The FDIC is relying on one of its main tools — deposit insurance — to prevent more banks from failing.

FDIC bank failures. FDIC-bank failures are rare. SVB is the first bank to fail since 2020. That should be "a wake-up call for people to always make sure their money is at an FDIC-insured bank and ...

The FDIC has issued final regulations that, as of April 1, 2024, will change how bank accounts held in the name of a trust will be insured. This rule change treats both revocable and irrevocable ...

"The FDIC plans to reduce staffing by approximately 1,250 positions across most divisions and offices," the email told employees. "Some of these abolished positions include those eliminated through ...

Money market accounts are FDIC insured up to $250,000, or NCUA insured up to the same amount per account.

The collapse of Silicon Valley Bank reminded investors and banking customers about what's insured by the Federal Deposit Insurance Corporation (FDIC) and what's not in extraordinary situations ...

The FDIC protects against loss if your bank or thrift institution fails. Eligible bank accounts are insured up to $250,000 for principal and interest. The FDIC doesn't insure share accounts at ...

The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump’s allies were ...

Following the report, FDIC Chair Martin Gruenberg testified to Congress on the issues in May, but outgoing House Financial Services Committee Chair Patrick McHenry, R-N.C., and other Republicans have ...

When you open a deposit account, it's likely that it's FDIC-insured up to the standard $250,000. Here's what FDIC insurance is and how it works.