On Friday, Oct. 18, the First National Bank of Lindsay in south central Oklahoma, was reported closed by the Department of Treasury’s Office of Comptroller of the Currency over “false and deceptive” ...

On October 15, Acting FDIC Chair Travis Hill spoke at a European Union-hosted conference about lessons learned from recent large bank issues. Hill emphasized that the FDIC’s experience in 2023 ...

The FDIC was established in 1933 to protect deposit accounts in the event of a bank failure. FDIC-insured accounts are covered for up to $250,000 per depositor, per ownership category at an insured ...

The Federal Deposit Insurance Corp. has notable gaps in its preparedness to resolve large regional bank failures, according to a Wednesday report issued by the agency's Office of Inspector General.

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 Federal Deposit Insurance Corp. typically steps in once a bank is declared insolvent and closed by government regulators. The FDIC provides insurance for some bank deposits and helps transfer ...

Bank says FDIC inflated assessment by $149.2 million Sixth-largest US commercial bank sued in Virginia Sept 11 (Reuters) - Capital One (COF.N), opens new tab sued the Federal Deposit Insurance ...

(AP) Regulators said Friday they have closed a small bank in Pennsylvania, bringing to 47 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized NOVA Bank, based in ...

The Federal Deposit Insurance Corp. on Friday narrowed the requirements big banks must follow when submitting emergency wind-down blueprints — known as resolution plans — in an attempt to streamline ...