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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system.
In February 2024, Capital One announced it planned to merge with Discover Financial for over $35 billion. [1] [2] [3]In September 2024, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the United States Department of Justice Antitrust Division instituted new guidelines which call for stricter reviews of bank deals.
[10] [11] In 2011, the bank acquired Whitney Holding Corporation. [12] In 2017, the bank acquired First NBC Bank, which was seized by regulators after suffering from bank failure. [13] In May 2018, the company changed its name to Hancock Whitney Corp. [14] In 2018, Hancock Whitney acquired the Trust and Asset Management business from Capital One.
Trump advisers and officials from the newly established Department of Government Efficiency (DOGE) inquired about the possibility of abolishing the Federal Deposit Insurance Corp (FDIC), according ...
In recent interviews with bank regulator candidates, Trump advisers have asked whether the incoming president could abolish the Federal Deposit Insurance Corp (FDIC) and move its deposit insurance ...
Deposit Insurance, Federal Deposit Insurance Corporation. Accessed November 18, 2024. Accessed November 18, 2024. SoFi Receives Regulatory Approval to Become a National Bank , SoFi.
The Federal Deposit Insurance Reform Act of 2005 (Title II, subtitle B of Pub. L. 109–171 (text), 110 Stat. 9, enacted February 8, 2006, with a companion statute, Federal Deposit Insurance Reform Conforming Amendments Act of 2005, Pub. L. 109–173 (text), 119 Stat. 3601, enacted February 15, 2006), was an act of the United States Congress on banking regulation.
The Federal Deposit Insurance Corporation last week convened a meeting in Washington D.C. as part of the agency’s broader efforts to expand access to the financial system. Hosted by the FDIC’s ...