When Catherine Bell put her money into Yotta, a fintech that promised savers a chance to win money just by saving more in its FDIC-insured accounts, it seemed like a no-brainer. The Federal ...

The FDIC currently relies primarily on Dodd-Frank Act “living wills” that those banks are required to have to demonstrate how they would be dissolved. Those steps often require the use of what ...

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 ...

BATON ROUGE – LSU has announced the addition of senior forward Amiya Joyner for the upcoming season. “I’m excited to welcome Amiya to Baton Rouge after an outstanding three-year career at ...

FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington 33,714 people played the daily Crossword recently. Can you solve it faster than others?

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 ...

A bid summary released by the FDIC Tuesday outlining the 2023 sale of a 5 percent equity stake in Signature’s nearly $6 billion rent-regulated portfolio in the New York metro area showed the $129.3 ...

The FDIC, which insures bank deposits, failed to adequately oppose a claim that it owes those funds to the bank’s former parent, Silicon Valley Bank Financial Trust, US District Judge Beth ...

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 ...

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All in all, it’s a highly favorable backdrop for banks, as witnessed by a rising balance in the FDIC insurance fund and a mere two bank failures in 2024, out of more than 4,500 institutions.