Top 6 banks dole out $9.4B toward FDIC special fee in Q4

January 16, 2024

Via: Banking Dive

For the quarter ending Dec. 31, the nation’s top six banks reported charges totaling $9.4 billion related to the Federal Deposit Insurance Corp.’s special assessment aimed at replenishing the agency’s deposit insurance fund after several bank failures last year. The […]


SVB Financial sues FDIC to recover $1.9B

July 10, 2023

Via: Banking Dive

SVB Financial Group is suing the Federal Deposit Insurance Corp. to recover around $1.9 billion in cash the regulator seized after taking over failed Silicon Valley Bank in March, according to a complaint filed Sunday. The suit claims the lack […]

Activity, Insurance, Regulations

Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect

August 25, 2020

Via: Insurance Journal

Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest because the FDIC waited too long —18 months after a final judgment — to try to collect it. The action […]


US financial regulators join Global Financial Innovation Network

October 24, 2019

Via: Finextra

U.S. financial regulators have taken proactive steps in recent years to enhance regulatory clarity and understanding for all stakeholders and promote early identification of emerging regulatory opportunities, challenges, and risks. Participation in the GFIN furthers these objectives and enhances the […]