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 ...

Relatedly, the FDIC's inspector general warned in a 2024 report that 36% of the agency's workforce would be eligible for retirement in 2027, higher than average rates across the government.

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 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.

The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down in the wake of a damning report about the agency's toxic workplace culture .

The FDIC Is From the Government and Really Is Here to Help The FDIC has spent more than nine decades in action, so let's take a look at what it does and why it's so important for consumers.