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 ...

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 ...

The Federal Deposit Insurance Corp. plans to eliminate roughly 1,250 positions across most departments, according to an internal email sent to staff around noon Monday and obtained by American Banker.

FDIC chair faces calls to resign after reports of rampant sexual harassment at bank regulator By Shannon Thaler Published May 9, 2024, 11:47 a.m. ET ...

The FDIC is backed by the full faith and credit of the U.S. government, ensuring its solvency through mechanisms like assessments on member banks and borrowing from the Treasury if necessary.

FDIC fires new employees as part of broader government layoffs By Pete Schroeder February 18, 20259:39 AM PSTUpdated February 18, 2025 ...

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 ...

FDIC Chair Martin Gruenberg was also taken to task in the report, citing employee reports that he sometimes lost his temper and treated workers in a "demeaning and inappropriate manner." ...

The next Trump-appointed FDIC board leadership will inherit a legacy of sexual misconduct and low morale brought to light last year. Despite the breadth of that challenge, industry watchers believe ...

CDs are insured up to $250,000 by the FDIC, just like savings and checking accounts. But there are some limits and restrictions you should be aware of. For instance, brokered CDs are not always ...