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Modifications reflect the regulator’s intent to focus the resolution planning process “on the operational information most relevant” for the FDIC to resolve a big bank through a weekend sale ...

As part of the shift, FDIC Acting Chair Travis Hill said the agency is eliminating the need for banks to include hypothetical failure scenarios and bridge bank strategies in their next round of ...

The dispute was about payments from 2013 to 2014. The FDIC initially sued the bank for a larger sum. The judge dismissed some claims due to the delay. Photo credit- AP A federal judge has ordered ...

In 2017, the FDIC sued the second-largest U.S. bank for failure to pay $1.12 billion in deposit insurance assessments in violation of the Federal Deposit Insurance Act, and claimed the bank had ...

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 ...

FDIC seeks billions of dollars in damages Officials faulted for 'egregious mismanagement' Bank's demise sparked fears of banking crisis Jan 16 (Reuters) - The FDIC on Thursday sued 17 former ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. LINDSAY, Okla. (KFOR) — Residents in ...

The Federal Deposit Insurance Corp. (FDIC) this month announced a settlement with Arkansas-based Bank of England over alleged violations of the Federal Trade Commission Act, the Real Estate ...

The Department of Banking and Securities immediately named the Federal Deposit Insurance Corporation “as receiver of the bank.” The FDIC also issued a press release on the bank’s failure.

Deposits in a money market account are protected, up to a maximum amount, when the account is with a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured by the ...