The Federal Deposit Insurance Corp.'s newly installed Acting Chairman Travis Hill issued a statement laying out his ...

All in all, it’s a highly favorable backdrop for banks, as witnessed by a rising balance in the FDIC insurance fund and a mere two bank failures in 2024, out of more than 4,500 institutions.

AT A GLANCE - The Federal Reserve and FDIC have withdrawn from the Network for Greening the Financial System due to concerns that its ...

The FDIC pointed to the bank's reliance on unhedged, interest rate-sensitive assets, such as long-term U.S. Treasuries and mortgage-backed securities, despite rising interest rates. It also flagged a ...

He has served as the FDIC's vice chair since 2023. He previously was a senior adviser to then-FDIC Chairman Jelena McWilliams, who led the agency during Trump's first term. Hill takes over from ...

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary ...

Michael Hershfield is the founder and CEO of Accrue Savings, a company enabling leading retailers to create dedicated FDIC-insured wallets for their customers — driving acquisition, loyalty ...

In July, FDIC board member Rohit Chopra described the FDIC's lack of oversight of passive asset manager stakes as "highly inappropriate" and a shirking of "the responsibility Congress entrusted to ...

2 SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC ...

Rohit Chopra, director of the Consumer Financial Protection Bureau and a member of the FDIC board, said on Monday, “We know that chief executive officers and board members of large companies ...

After all, that takes away from the money you can save. CNBC Select researched FDIC-insured savings accounts that offer no fees whatsoever — zero monthly maintenance fees, zero excessive ...

American Express National Bank, Member FDIC is an online bank that offers strong checking and savings accounts, as well as certificates of deposit that are worth considering. Many, or all ...