Judge Orders Bank of America to Pay $540 Million in FDIC Lawsuit April 15, 2025 By Jonathan Stempel A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing...
FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes May 15, 2024 By Pete Schroeder and Douglas Gillison U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture...
US Probe Finds Widespread Sexual Misconduct at FDIC May 8, 2024 By Douglas Gillison and Pete Schroeder The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an...
Philadelphia’s Republic First Bank Closed by Regulators, Sold to Fulton Bank April 29, 2024 Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit...
FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny March 21, 2024 By Douglas Gillison Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S....
Over 350 People Contact Law Firm Reviewing FDIC Workplace Culture February 16, 2024 By Douglas Gillison More than 350 people have contacted an outside law firm reviewing workplace culture at the U.S. Federal Deposit Insurance Corporation...
SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue July 10, 2023 Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that the...
FDIC Says Tougher Rules Coming for Banks Over $100B in Size June 22, 2023 By Pete Schroeder The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of...
SVB Failed From Mismanagement, Not Loose Regulations: FDIC April 13, 2023 By Hannah Lang Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC)...
North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank March 28, 2023 North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley...