Tag: February 2026
FDIC Unveils Info Sharing Pact with Korea’s Deposit Insurer
WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) has just dropped a bombshell in the financial world, striking a landmark Memorandum of Understanding (MOU) with Korea’s Deposit Insurance Corporation (KDIC). This historic agreement aims to fortify mutual cooperation and information exchange between the two giants, ensuring enhanced financial stability across borders. The signing ceremony was…
FDIC Taps Boldin to Lead Employee Training Amid Rising Financial Crimes
WASHINGTON – While the nation grapples with a surge in complex financial crimes, the Federal Deposit Insurance Corporation (FDIC) is bolstering its internal defenses. Today, the agency announced the appointment of Dr. Felita Boldin as Chief Learning Officer and Director of Corporate University, effective September 11th. The move comes at a critical juncture as the…
Regulators Unveil Final Guideline for Third-Party Risk Management
GRIMY TIMES The Board of Governors of the Federal Reserve System, along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency, have jointly issued final guidance on managing third-party risks in the banking sector. This landmark move aims to help financial institutions better navigate their relationships with external…
SVB & Signature Bank Failures: FDIC Says No Major Impact… Yet
WASHINGTON – The fallout from the twin bank failures of Silicon Valley Bank and Signature Bank isn’t derailing the FDIC’s restoration plan… for now. The agency released its semiannual update today, attempting to project an air of stability amidst ongoing tremors in the banking sector. While acknowledging the damage, the FDIC insists the projected timeline…
Banks Post $68.4B Profit Despite Rising Risks
WASHINGTON – The nation’s banks raked in a collective $68.4 billion in net income during the fourth quarter of 2022, according to a new report from the Federal Deposit Insurance Corporation (FDIC). While seemingly robust, a closer look reveals cracks in the foundation, with profits down $3.3 billion (4.6 percent) from the previous quarter. The…
Regulators Delay Rulemaking on Big Bank Failures
WASHINGTON D.C. – The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) are kicking the can down the road on proposed rules aimed at preventing another catastrophic bank failure. The agencies announced today they’re extending the comment period for an advance notice of proposed rulemaking concerning “large bank resolvability” – essentially, how to…
Agencies Issue Statement on Supervisory Practices forHurricane-Impacted Institutions
GRIMY TIMES EXCLUSIVE: In the wake of the devastating impact of Hurricanes Fiona and Ian, federal and state financial regulatory agencies have issued a joint statement outlining their plans to support affected financial institutions. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration, the…
FDIC Unveils List of Banks Scrutinized for CRA Compliance
Washington, D.C. – The Federal Deposit Insurance Corporation (FDIC) has released its list of state nonmember banks that were recently assessed for compliance with the Community Reinvestment Act (CRA). This list includes evaluation ratings assigned to institutions by the FDIC in April 2022. The CRA, a landmark 1977 law, aims to incentivize insured banks and…
FDIC Cracks Down: 13 Banks & Individuals Face Penalties
WASHINGTON D.C. – The Federal Deposit Insurance Corporation (FDIC) isn’t messing around. In March 2022, the agency unleashed a flurry of enforcement actions against 13 banks and individuals, signaling a continued crackdown on financial misconduct. The details, released Friday, paint a picture of institutions and people skirting the rules – and now paying the price.…
James Defends NYC Sanctuary Policies in DOJ Fight
James Defends NYC Sanctuary Policies in DOJ Fight NEW YORK – New York Attorney General Letitia James is throwing down in a legal battle with the Department of Justice (DOJ) over New York City’s sanctuary laws. James filed an amicus curiae brief today, defending the city’s policies that limit local law enforcement’s involvement in federal…
