What FDIC nominee’s withdrawal means for agency’s future
The unexpected withdrawal of the administration’s pick to lead the Federal Deposit Insurance Corp. triggered new uncertainty. American Banker: Feed
Tag Archives: FDIC
FBI Investigating FDIC Cyberattack Linked to China: Report
A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — believed to have originated in China — is reportedly the subject of an FBI investigation. American Banker
Lawmakers Back Banks in FDIC Brokered Deposit Fight
Following industry objections to how the Federal Deposit Insurance Corp. defines brokered deposits, a House panel heard testimony Tuesday on a series of bills that would amend the definition. American Banker
A $26.5M Settlement Between FDIC, Leaders of Failed Chicago Bank
The former officers and directors for Midwest Bank & Trust have reached a $ 26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis. American Banker
FDIC Warns Bankers About High Concentrations of CRE Loans
Multifamily family construction is reaching the point where some markets can’t absorb the new supply of units. American Banker
FDIC Could Have Avoided Data Breaches, IG Says
Its watchdog said the Federal Deposit Insurance Corp. failed to implement measures that could have prevented at least eight cybersecurity breaches from departing employees over the last year. American Banker
FDIC Needs to Better Protect its Data: GAO
The Federal Deposit Insurance Corp. has improved its information security processes, but more changes need to be made, the Government Accountability Office said in a report published Wednesday. American Banker
Bankers Prepare to Adjust CRE Lending Following Federal Regulators’ Warnings About Relaxed Underwriting
U.S. bankers haven’t taken their foot off the gas yet but they are watching their CRE loan portfolios carefully following a recent warning from the FDIC and say they are prepared to hit the brakes and slow down their commercial real estate lending vehicles should conditions warrant. Through the third quarter of 2015, U.S. banks
Morning Scan: FDIC Sues Three Banks; Marketplace Lenders’ Achilles Heel
Wall Street Journal JPMorgan Chase has hired a recently retired general as senior adviser. Gen. Raymond T. Odierno will offer the bank advice on cybersecurity as well as the physical risks involved in operating in a range of countries. The paper reports that Ordierno served in the Persian Gulf and Iraq wars and worked closely