Still, some experts warn that favoring whole-bank sales could drive up resolution costs and undermine the FDIC's legal mandate to pursue the least costly option. Previously, the agency required banks ...

Arguably its most important job is insuring money you’ve deposited at an FDIC-member bank. The FDIC typically insures an account at a bank or savings institution for up to $250,000 in the event ...

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 is ...

The guidance rescinds previous guidance, FIL-16-2022, issued under then-chair Martin Gruenberg, which required financial institutions to notify the FDIC before engaging in crypto-related activities.

In coming days, the Federal Insurance Deposit Corp. ("FDIC") will waive several requirements in the plans banks are required to draw up for an orderly wind-down, should a bank fail, what are ...

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 ...

This year, the FDIC International Conference will be held in Indianapolis, IN, from April 7 to April 12. MagneGrip will have booth #5666. Be sure to stop by and see why MagneGrip is America’s ...

That’s better than keeping your money under your mattress. If you’re unsure whether your money is federally insured, use the FDIC’s tool, the Electronic Deposit Insurance Estimator.

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Federal Reserve withdrew three pieces of Biden-era ...

On March 28, several members of the U.S. House of Representatives sent a letter to FDIC Acting Chairman Travis Hill, expressing concern over reports of diminishing independence in the FDIC under ...

“FDIC is the one fire service conference where we pull everybody together from all parts of the industry,” said David Rhodes, a retired fire chief who was once part of the Atlanta Fire Dept., and who ...