PRESS RELEASE | MAY 28, 2025 FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter Net Income Increased From the Prior Quarter, Led by Higher Noninterest Income Community...
I have been driving for 38 years, I have never had an accident, but I can no longer get insurance I am a volunteer driver for various NGOs in disaster- and war-torn environments. In March 2023, my Transit van was stolen along with a...
PRESS RELEASE | APRIL 25, 2025 (Updated to move two Orders to the appropriate categories) FDIC Issues Enforcement Orders for March 2025 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of...
PRESS RELEASE | MAY 16, 2025 FDIC Announces Retirement of Arthur J. Murton, Deputy to the Chairman for Financial Stability and Director of Division of Complex Institutions Supervision and Resolution WASHINGTON – The Federal Deposit...
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
After previously paying £518, quote comes as shock to loyal customer who has made no claims in many years In February, we received our home insurance renewal quote from Co-op Insurance for the coming year, and were shocked to read it...
Correction to the Correction. Will it Last? Hindsight is 20/20 and foresight may have been close enough this week given the classic correction to June's rally giving way to a classic correction of that correction as early as Tuesday...
BOARD MATTERS | JUNE 27, 2025 FDIC Board of Directors Approve New Actions Today, the Federal Deposit Insurance Corporation's Board of Directors unanimously approved the following matters. Materials and information related to these Board...
Under-30s risk a huge hike in huge car insurance premiums later in life if handed the IN10 endorsement Young people using private electric scooters on roads and pavements risk facing huge insurance premiums when they want to drive a car,...
Yesterday, we characterized the prevailing mortgage rate momentum as "broadly sideways," and while that's still very true in the bigger picture, words like "up" and "higher" might need to be sprinkled in this week. For those with a...
PRESS RELEASE | APRIL 18, 2025 FDIC Modifies Approach to Resolution Planning for Large Banks WASHINGTON – The FDIC today took action to modify its approach to insured depository institution (IDI) resolution planning. The purpose of this...
PRESS RELEASE | APRIL 18, 2025 FDIC Announces Three Orders Against Discover Bank, Greenwood, Delaware WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the issuance of three orders against Discover Bank,...
BOARD MEETING | JUNE 26, 2025 FDIC Board of Directors Meeting After consultation among Board members, the Federal Deposit Insurance Corporation decided to handle today's Board matters notationally. Related materials will be available on...
It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the size of that movement, things have...
PRESS RELEASE | JULY 3, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the...
PRESS RELEASE | JUNE 27, 2025 Coleman County State Bank, Coleman, TX, Acquires Insured Deposits of The Santa Anna National Bank, Santa Anna, TX WASHINGTON – The Santa Anna National Bank of Santa Anna, Texas, was closed today by the...
NATIONAL RATES AND RATE CAPS | JUNE 16, 2025 Thank you for opting to receive emails alerting you when the FDIC's National Rates and Rate Caps webpage is updated. The National Rates and Rate Caps webpage is generally updated on the third...
Don’t forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin Bran. M&A is not confined to lenders: Imagine my surprise when I learned that...
From debit and credit cards, to using hard cash, plan ahead to avoid paying more than you need to When packing for your summer holiday, don’t forget to pay attention to your plastic. Pick the wrong card to use abroad and you will end up...
The money-saving expert’s charity has changed policies – and is now gearing up to take on regulators and insurers “I’m not a case study”, says the money expert and broadcaster Martin Lewis, politely but firmly batting away questions...
PRESS RELEASE | MAY 30, 2025 FDIC Announces Retirement of Patrick Mitchell, Director of the Division of Insurance and Research WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today announced the retirement of Patrick (Pat)...
PRESS RELEASE | JUNE 16, 2025 Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud The federal bank regulatory agencies today announced a request for comment on potential actions to help consumers,...
JOINT PRESS RELEASE | MAY 12, 2025 Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency Agencies Issue Host State Loan-to-Deposit Ratios Federal bank regulatory agencies today jointly...
Bonds Bracing For CPI Impact Stocks sold off quickly in the overnight session in response to the announcement of 35% tariffs on Canada. Bonds view such news as a double edged sword, but also drifted into weaker and weaker territory...
PRESS RELEASE | APRIL 24, 2025 Agencies Withdraw Joint Statements on Crypto-Assets Today, the Federal Deposit Insurance Corporation, together with the Board of Governors of the Federal Reserve System (collectively, the agencies), has...
Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a given area. President Trump says FEMA should be eliminated, which would definitely...
The Romanian Natural Disaster Insurance Pool ( PAID ) has introduced a new financial automation solution through a partnership with local fintech firm Finqware .
JOINT PRESS RELEASE | APRIL 15, 2025 Federal Deposit Insurance Corporation Federal Reserve Board National Credit Union Administration Office of the Comptroller of the Currency Agencies Take Action on Appraisal Requirements in an Area...
Insurers may be failing in their duty to offer fair value when 40% of motorists do not make a fuss over often big hikes It is a familiar scene: you open the renewal letter from your insurer, and the quote is much higher than last year,...
The central bank is planning to reduce a capital buffer for the country’s largest banks, which critics warn will make the financial system less resilient.