The result is that most trust accounts, whether revocable or irrevocable, are limited to $250,000 per FDIC insured bank. Under the new rules, irrevocable and irrevocable trusts are treated the ...

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 ...

But after the FDIC seized First Republic Bank on Monday, and following Silicon Valley Bank and Signature Bank’s failures, it is estimated to have a balance of $92.7 billion, the lowest since 2018.

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 ...

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 ...

The Federal Deposit Insurance Corporation (FDIC) has long been a cornerstone of financial security for Americans. However, recent actions by President Donald Trump have raised concerns about ...

"The FDIC plans to reduce staffing by approximately 1,250 positions across most divisions and offices," the email told employees. "Some of these abolished positions include those eliminated through ...

Eliminating the FDIC, which was created during the Great Depression nearly 100 years ago, would require authorization from Congress. The agency, which operates independently, insures deposits up ...

The FDIC firings mark the latest in a sweeping effort across the federal government, as thousands of new hires have been fired by the Trump administration as part of an effort to radically cut ...

McKernan said in an interview he believes it is time to turn the page on FDIC leadership. "In the past, the FDIC has too often brushed wrongdoers under the rug, moved them around, or even promoted ...

A top U.S. bank regulator added two banks with combined assets of roughly $84 billion to its so-called "problem bank" list in the third quarter, while overall industry profits dipped 8.6%, the ...