Federal Deposit Insurance News

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Judge Orders Bank of America to Pay $540 Million in FDIC Lawsuit

Apr 15 2025 // A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what it owed for deposit insurance.In a...

FDIC Looks to Direct Monitoring of Fintech Companies After Synapse Collapse

Dec 5 2024 // The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations.The...

FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes

May 15 2024 // U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture and his own mistreatment of employees.Testifying before Congress, Gruenberg said he...

US Probe Finds Widespread Sexual Misconduct at FDIC

May 8 2024 // The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the...

FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny

Mar 21 2024 // Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday.The...