The Latest Breaking News from FDIC

Banks are attempting to keep up with the Fed—and compete with each other.

Stock futures higher as inflation risks fade; Tesla shares gain as musk finds new Twitter CEO; Microsoft faces another legal challenge to $69 billion Activision deal; PacWest leads regional banks higher as FDIC unveils new funding and Biden postpones meeting with McCarthy as debt ceiling talks hint progress.

The FDIC voted on a plan Thursday to replenish the deposit insurance fund that was hit in the recent bank collapses.

“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.

There were concerns that small banks would wind up bearing some of these costs and this proposal heads those off.

'News headlines increased our customers fears of the safety of their deposits,' PacWest said in an SEC filing.

Mercury CEO Immad Akhund says business has never been better, but some wonder if the new money is “sticky.”

Cash isn’t trash anymore thanks to 10 hikes to interest rates from the Federal Reserve. But the fattest yields in two decades won't last.

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

After the spectacular, multi-billion collapse of Silicon Valley Bank (SVB) on March 10, 2023, federal regulators wasted no time taking action with other banks in distress. Less than 48 hours after SVB failed, after witnessing a large run on customer deposits, Signature Bank was closed by the New ...

Bank failures have put many consumers on edge about the safety of their deposits. But are certain financial institutions more likely to fail than others?