News

FDIC officials were not identified in the Office of the Inspector General’s findings, which followed a November 2023 WSJ ...
The Federal Deposit Insurance Corp. and California’s tax board have settled the liability over the unpaid taxes of the failed Signature Bank.
Financial institutions across the U.S. have grappled with compliance requirements under the Customer Identification Program, or CIP, rule for ...
The Federal Deposit Insurance Corp. withheld bonuses from former FDIC Chair Martin Gruenberg and four senior officials, whose ...
The Federal Deposit Insurance Corp. is an independent agency of the U.S. government that insures deposits in banks and savings institutions up to $250,000 per depositor.
A seismic shift in Federal Deposit Insurance Corp. policy for handling a failing national or regional bank — foremost securing an acquirer as quickly as over a weekend — is stirring memories ...
A team of Department of Government Efficiency employees are working to restructure the Federal Deposit Insurance Corp. alongside the banking agency's management, according to an email obtained by ...
Hosted on MSN3mon

What Is the FDIC? - MSN

The Federal Deposit Insurance Corp., an independent federal agency, serves several functions. Arguably its most important job is insuring money you've deposited at an FDIC-member bank. The FDIC ...
The federal government is looking for feedback on changes to Canada's deposit insurance framework that could see the coverage ...
While there are other ways for customers to increase their coverage, such as setting up joint accounts, the Federal Deposit Insurance Corp. estimates that up to 37% of bank deposits are uninsured.
Bank of America must pay $540.3 million for underpaying deposit insurance after a federal judge ruled in FDIC’s favor for assessments from 2013 to 2014.