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Bookmark or Share- FDIC Officials Seek More Power Over ‘Passive’ Bank InvestmentsThe FDIC’s efforts, which are being laid out at a meeting on Thursday, aim to bolster scrutiny of influence that investment companies exert over bank holding companies. Historically, the Federal ...
- Republic First fails; FDIC sells bank's assets to Fulton FinancialAs of Jan. 31, the FDIC said Republic had approximately $6 billion in total assets and $4 billion in total deposits. The FDIC estimated that the cost to the Deposit Insurance Fund (DIF) related to ...
- Federal Deposit Insurance Corporation - Encyclopedia BritannicaFederal Deposit Insurance Corporation (FDIC), a U.S. government agency created under the Banking Act of 1933 (also known as the Glass-Steagall Act). The primary role of the FDIC is to insure and protect bank depositors’ funds against loss in the event of a bank failure. The FDIC also plays a critical role in regulating banking practices.
- FDIC says Republic First Bank is closed by Pennsylvania regulators ...The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year ...
- FDIC: Are My Deposit Accounts Insured by the FDIC?FDIC insurance covers traditional deposit accounts, and depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution.
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