The Latest Breaking News from FDIC

Exception-based coverage signals to depositors that they might get some extra protection at a systemically important bank–and compounds risk.

New York (AFP) - US President Joe Biden called on banking regulators Thursday to reinstate tougher rules on midsized banks, saying that doing so would prevent future failures like that of Silicon Valley Bank.

The administration wants to reverse some Trump-era policies

President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 crisis

Stock futures extend gains on fading bank crisis concerns; FDIC looking at higher fees for big banks; H&M shares surge after strong quarterly profits; Electronic Arts shedding 6% of staff as tech job cuts accelerate and Major League Baseball's opening day brings historic changes to national pastime.

WASHINGTON — A bipartisan group of senators released draft legislation Wednesday that would claw back executive pay in the five years leading up to a bank’s failure, following President Joe Biden’s call on Congress to take action.

Four senators from both parties released a draft bill to claw back executive compensation in the five years leading up to a bank failure.

A group of conservative Republicans representatives known as the House Freedom Caucus came out last week against any proposal that would lift the cap on deposit insurance, currently set at $250,000. Members of U.S. Congress on both sides of the aisle are understandably cautious about taking such a dramatic step…

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.

Amid all the finger-pointing, Senators and speakers said more monitoring was needed in the banking sector.

A focus on FDIC insurance and Treasury-only money market or bond fund options can help safeguard investments when a banking crisis threatens.