Dec 29, 2023 | Banking News
The Federal Deposit Insurance Corporation (FDIC) has recently provided an update on its Restoration Plan for the Deposit Insurance Fund (DIF). The FDIC is implementing a plan to ensure the DIF’s reserve ratio, which is the ratio of the fund balance relative to...
Dec 29, 2023 | Banking News
In November 2023, the Federal Deposit Insurance Corporation (FDIC) disclosed a list of administrative enforcement actions taken against banks and individuals. This article will provide an overview of the actions taken and highlight the fact that no administrative...
Dec 29, 2023 | Banking News
United Community Banks Announces Q4 Charge for FDIC Assessment and Bond Portfolio Restructuring United Community Banks, Inc. (UCBI) has recently announced that it expects to incur a net pre-tax charge of approximately $62 million, or $0.41 per share, in the fourth...
Dec 29, 2023 | Banking News
**United Community Bank Q4 charge includes 6c for FDIC special assessment and loss of 34c on available-for-sale bonds** Atlanta-based United Community Bank has reported its fourth-quarter results, revealing a charge of 6 cents per share for FDIC (Federal Deposit...
Dec 28, 2023 | Banking News
OIG Issues Audit Memorandum to FDIC’s Regional Service Provider Examination Program: Implications for Fintechs On December 21, the Office of Inspector General (OIG) of the FDIC issued its audit memorandum on the FDIC’s Regional Service Provider (RSP) Examination...
Dec 26, 2023 | Banking News
Huntington Bancshares: Strategic Financial Maneuvers Amidst FDIC Assessment Lead to Hold Rating The FDIC Assessment and its Impact on Huntington Bancshares Huntington Bancshares, a prominent regional bank holding company based in Columbus, Ohio, recently made...
