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The Federal Deposit Insurance Corporation (FDIC) announced plans to eliminate approximately 1,250 positions across most of its departments. This, according to an internal email that was reportedly ...

According to the email, sent internally Thursday afternoon to FDIC staff by Dan Bendler, the FDIC's Deputy to the Chairman and Chief Operating officer, a small cohort of full-time government employees ...

Instead, the regulator will look for updated resolution plans focused “more specifically on providing the FDIC the information it needs to rapidly market the institution and, if needed ...

WASHINGTON, March 28 (Reuters) - Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities. The Federal Deposit ...

The Federal Deposit Insurance Corporation (FDIC) has issued new guidance allowing banks it supervises to engage in bitcoin and crypto activities without seeking pre-approval. This reverses a ...

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 ...

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.

The Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the United States, has released 790 pages of additional correspondence related to firms offering crypto ...

A clash between BlackRock (BLK) and the Federal Deposit Insurance Corporation (FDIC) over the money manager’s holdings of US banks will now play out in the waning days of President Joe Biden’s ...

This is not smart economics. The FDIC - the Federal Deposit Insurance Company – was created in 1934 during the Great Depression after thousands of banks began to fail. Those who didn't lose ...

Project 2025 does not explicitly propose eliminating the FDIC; rather, the document suggests the corporation merge with other federal financial agencies. A 2017 report by The Heritage Foundation ...