January 16, 2024
Via: Banking DiveFor 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 […]
July 10, 2023
Via: Banking DiveSVB 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
August 25, 2020
Via: Insurance JournalLloyd’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 […]
October 24, 2019
Via: FinextraU.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 […]