News

Key takeaways The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money ...
With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a ...
The Federal Deposit Insurance Corp. advanced regulators’ plan to ease a key capital rule that big banks have said limits ...
The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...
The voluminous resolution plans banks are required to submit to regulators are often set aside in the case of actual bank ...
The Santa Anna National Bank in Texas was closed by the OCC Friday. The failure could cost the FDIC’s Deposit Insurance Fund ...
The Federal Deposit Insurance Corp. decided to handle Thursday’s board meeting on a key capital rule “notationally,” ...
Federal banking regulators have laid the blame for Discover Financial Services charging merchants $1 billion in excessive ...
The central bank said it would replace references to the metric “with more specific discussions of financial risk.” Banks can still use the concept in their own risk management policies, the Fed said.
FDIC insurance is automatically applied to any FDIC-eligible account. Each depositor is covered for $250,000 worth of deposits per depositor, per FDIC-insured bank, and per ownership category.