Jan 18, 2024 | Economy News
FDIC Seeks More Control Over Banks NC’s Top Regulator Expresses Opposition North Carolina’s Commissioner of Banks is expressing strong opposition to a new proposal from the Federal Deposit Insurance Corporation (FDIC) that critics argue could encroach on...
Jan 9, 2024 | Economy News
Biden Appoints Jennifer Fain as FDIC Inspector General Amid Sexual Misconduct Investigation President Joe Biden has appointed Jennifer Fain, a former deputy inspector general at the Export-Import Bank, to lead the inspector general’s office at the Federal...
Jan 9, 2024 | Economy News
The Influence of Asset Managers on Banks Asset managers play a significant role in the functioning of publicly traded banks. Recently, Federal Deposit Insurance Corp. (FDIC) Director Jonathan McKernan shed light on the influence that asset managers, particularly the...
Jan 8, 2024 | Economy News
Banking & Finance Tracker: Industry veteran to launch woman-founded Miami bank; FDIC approves community bank acquisition by Michigan credit union This week’s banking and finance news brings exciting developments in the industry. A new player has entered the...
Jan 5, 2024 | Economy News
FDIC Issues Unusual Order to Utah Bank: Sell or Liquidate – A Last-Ditch Effort to Avoid Receivership Federal regulators are forcing a tiny bank in Utah to either sell itself or liquidate, an unusual step that appears to be a last-ditch effort to avoid placing...
Jan 4, 2024 | Economy News
FDIC Issues List of Banks Examined for CRA Compliance The Federal Deposit Insurance Corporation (FDIC) has recently released its list of state nonmember banks that were evaluated for compliance with the Community Reinvestment Act (CRA) in October 2023. The CRA,...
