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 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 ...

The time is ripe for Congress and the president to shrink the Federal Deposit Insurance Corp.'s board of directors back down to its original three members, writes former FDIC director Joe Neely. The ...

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).

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 ...

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 ...

(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 ...

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.

“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 ...