FDIC

The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.

Source: fdic.gov

Republic First Sold to Fulton in Latest Regional Bank Failure
Republic First Sold to Fulton in Latest Regional Bank Failure
April 28, 2024  |  Banking

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which...

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CFPB Head Says FDIC Should Review More Changes in Bank Control
CFPB Head Says FDIC Should Review More Changes in Bank Control
April 25, 2024  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) should change its rules to ensure that it reviews any “suspicious changes” in bank control, FDIC board member Rohit...

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Report: FDIC Seeking Buyers for Republic First Bancorp
Report: FDIC Seeking Buyers for Republic First Bancorp
April 24, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The...

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CEO Says KeyBank Is ‘Back to Playing Offense’
CEO Says KeyBank Is ‘Back to Playing Offense’
April 18, 2024  |  Earnings

Liquidity continues to dominate Q1 earnings season for banking. Saying his company can finally “play offense,” Cleveland-based KeyBank CEO Chris Gorman presented a solid balance...

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Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness
Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness
April 17, 2024  |  Banking

The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit...

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Managing Third-Party Risks Emerges as Key B2B Issue
Managing Third-Party Risks Emerges as Key B2B Issue
April 09, 2024  |  B2B Payments

The B2B landscape is built atop trusted relationships, both formal and informal. These relationships can include partnerships and collaborations with third-party vendors, suppliers, contractors, service...

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FDIC Consent Orders Highlight FinTech Risk in Financial Supply Chains
FDIC Consent Orders Highlight FinTech Risk in Financial Supply Chains
April 01, 2024  |  Digital Banking

It’s been well-documented that banks and FinTechs have been collaborating together on financial services innovation, where they once were mainly competitors. But for the banks...

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FDIC Proposes Revisions to Statement of Policy on Bank Mergers
FDIC Proposes Revisions to Statement of Policy on Bank Mergers
March 21, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers.  The...

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FDIC Vice Chair: Tokenization ‘Beginning’ to Deliver Benefits  
FDIC Vice Chair: Tokenization ‘Beginning’ to Deliver Benefits  
March 13, 2024  |  Blockchain

Blockchain is full of promise, cryptocurrency perhaps less so, and tokenization is already shifting what it means to “own” an asset. In a speech delivered...

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