The FDIC was created in response to thousands of bank failures nearly 100 years ago. It ensures depositors for certain account types up to $250,000 at more than 4,500 member banks.

Key presidential advisers have let it be known that they have their eyes on the Federal Deposit Insurance Corporation (FDIC). The focus for now is the “efficiency” of this independent agency ...

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.

"It is clearly intended to require most agencies (including the FDIC) to assess whether any specific employee is engaged in activities 'not mandated by statute or other law' and 'not typically ...

Staff at the FDIC, which monitors banks nationwide and backstops bank deposits via its insurance fund, were notified Tuesday morning of the firings. In an email seen by Reuters, staff were told ...

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Since 1933, the Federal Deposit Insurance Corporation has provided a safety blanket for consumers, guaranteeing the money they put into banks and savings associations is safe and acting as an ...

FDIC Fires New Employees as Part of Broader Government Layoffs By Pete Schroeder WASHINGTON (Reuters) - Several employees were fired from the Federal Deposit Insurance Corporation Monday evening ...

New rules would require a public comment period and then a final vote by the FDIC board.

But now, thousands of people are asking where their money is after depositing it into an FDIC bank through a popular app. The problem involves millions of dollars, and thousands of people ...

Meanwhile, the SEC has already signaled a rollback of rules that previously kept banks from holding bitcoin on their balance sheets, and the FDIC is under pressure to revise guidelines that made ...