The U.S. Federal Deposit Insurance Corporation (FDIC) on Wednesday released 175 documents detailing its supervision of banks involved in or seeking to engage in crypto-related activities.

Prior to today’s Senate Banking Committee to investigate the controversial practice of debanking, Acting FDIC Chairman Travis Hill released a treasure trove of documents supporting crypto ...

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 ...

"It is my honor and privilege to serve as acting chairman of the FDIC," Hill said in a statement. "While the FDIC faces a broad range of issues, and as always will fulfill our mandate to promote a ...

(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 ...

The U.S. District Court for the District of Columbia delivered a scathing reprimand to the Federal Deposit Insurance Corp. for its response to a Freedom of Information Act request and subsequent ...

Earlier this month, the Federal Deposit Insurance Corporation's (FDIC) acting chair Travis Hill said encouraging more firms to pursue bank charters would be a focal point for the regulator in the ...

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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.

Specifically, the FDIC insures up to $250,000 per depositor, per institution, which covers deposit accounts as well as other official items (such as cashier’s checks and money orders).

“SVB represents a case of egregious mismanagement of interest-rate and liquidity risks by the Bank’s former officers and directors,” the FDIC said in the complaint, highlighting that the ...