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It will also report a charge of $1.7 billion to pay a special assessment to the Federal Deposit Insurance Corporation. Other big banks will also be weighed down by similar FDIC assessments, which ...
In the fourth quarter of '23, first, we recorded $2.1 billion of pre-tax expense for the special assessment by the FDIC to the industry to recover losses from the failures of Silicon Valley Bank ...
WASHINGTON (Reuters) -The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to a damning independent report ...
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
At the lower extreme, a critically undercapitalized Federal Deposit Insurance Corporation (FDIC)-regulated institution (i.e., one with a ratio of total capital / assets below 2%) is required to be taken into receivership by the FDIC in order to minimize long-term losses to the FDIC. [1]
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2]
The special committee will be co-chaired by two FDIC board members, acting Comptroller of the Currency Michael Hsu, a Democrat, and board member Jonathan McKernan, a Republican.
(Reuters) -A watchdog overseeing the U.S. Federal Deposit Insurance Corp will conduct a "special inquiry" into how the bank regulator's leadership has handled complaints about sexual harassment ...