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

Since Signature didn't break any laws and crypto has been legitimized, isn’t it time for the money that the FDIC collected to ...

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 ...

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 ...

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 ...

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 ...

Banks would face much higher assessments to bring the Deposit Insurance Fund's reserve ratio into compliance. Those costs ...

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.

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