Fdic

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  US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture

  A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.

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  Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report

  Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.

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  FTX Bankruptcy: What's Next for Customers After Crypto Exchange's Precipitous Collapse

  FTX's collapse last week was followed by the company filing for Chapter 11 bankruptcy protection in the US. The fallen crypto exchange says it could owe money to over 1 million creditors. Here's what customers and creditors can expect ahead of the company's bankruptcy case.

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  Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts

  Voyager Digital, the crypto lender that filed for bankruptcy last week, is facing a probe by the Federal Deposit Insurance Corporation (FDIC). The agency is probing the marketing of deposit accounts for cryptocurrency purchases, after customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy ...

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  US Banking Regulator Updates Cyber Security After Data Breach

  The US Federal Deposit Insurance Corporation is updating cyber security policies after a 2015 data breach in which a former employee kept copies of sensitive information on how banks would handle bankruptcy, the regulator's chief said on Thursday.

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  China Likely Hacked US Banking Regulator FDIC, Probe Finds

  Employees at the US banking regulator FDIC covered up the intrusions, according to a congressional report on Wednesday.

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  'Inadvertent' Cyber Breach Hits 44,000 FDIC Customers

  The breach occurred in February and was outlined in an internal FDIC memorandum obtained by The Washington Post.

• Citi, US Government's $7 Billion Settlement Announcement Expected on Monday

  Citigroup agreed to pay $7 billion to resolve a US government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

• SBI says overseas business margins under pressure

  State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.

• Top global banks have 'living wills' if they fail: Ten facts

  Nine of the largest global banks on Tuesday expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills". The documents, required by the 2010 Dodd-Frank financial reform law, aim to end too-big-to-fail bailouts by mapping out wa...

• US bank earnings hit five-year high in 2011

  A surge in bank earnings at the end of last year made 2011 the most profitable time for the industry in five years.

• JP Morgan close to deal with FDIC for $1.4 bn tax refund

  The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.