Bank Call Reports - Bank Performance Reports by Visbanking

FDIC Workplace Culture Under Review: Over 350 People Respond

FDIC Workplace Culture Under Review: Over 350 People Respond More than 350 people have reached out to Cleary Gottlieb, an outside law firm tasked with reviewing the workplace culture at the U.S. Federal Deposit Insurance Corporation (FDIC) following allegations of...

FDIC Releases Economic Scenarios for 2024 Stress Testing to Ensure Banking Resilience

In a recent press release, the Federal Deposit Insurance Corporation (FDIC) announced the release of the economic scenarios for the upcoming stress tests in 2024. These stress tests are conducted to ensure the resilience of covered institutions with total consolidated...

FDIC Provides Relief Guidance for Storm-Hit Michigan Financial Institutions

The FDIC (Federal Deposit Insurance Corporation) recently released guidance aimed at providing regulatory relief to financial institutions in Michigan that were affected by severe storms, flooding, and tornadoes. This guidance is intended to help these institutions...

Higher Costs for US Banks in 2023 FDIC Special Assessment

Higher Costs for US Banks in 2023 FDIC Special Assessment Introduction In 2023, the Federal Deposit Insurance Corporation (FDIC) implemented a special assessment on US banks to replenish its Deposit Insurance Fund (DIF) following the collapse of Silicon Valley Bank...

American Fintech Council calls on FDIC to revive innovation drive

American Fintech Council urges FDIC to renew innovation efforts Background: In recent news, the American Fintech Council (AFC) has called on the Federal Deposit Insurance Corp. (FDIC) to revive its innovation drive. The AFC expressed its concerns about the lack of...

Lawmakers Question FDIC on Financial Innovation: Concerns About Fintech Approach

U.S. Lawmakers Challenge FDIC Over Financial Innovation Engagement Lawmakers Question FDIC's Approach Towards Fintech and Innovation Senior members of the House Financial Services Committee have formally questioned the Federal Deposit Insurance Corporation (FDIC) over...

FDIC Releases List of Banks Examined for CRA Compliance in November 2023

FDIC Issues List of Banks Examined for CRA Compliance The Federal Deposit Insurance Corporation (FDIC) has recently released its list of state nonmember banks that were evaluated for compliance with the Community Reinvestment Act (CRA) in November 2023. The CRA, a law...

FDIC’s Innovation Office Changes Scrutinized by House GOP

FDIC's Innovation Office Changes Scrutinized by House GOP House Financial Services Committee chair Patrick McHenry, R-N.C., joined fellow committee Republicans in a letter to the Federal Deposit Insurance Corp. decrying the agency's changes to the FDITech office that...

Former FDIC Lawyer Pleads Guilty in Child-Exploitation Case Sparking National Outrage

Former FDIC Lawyer Pleads Guilty in Child-Exploitation Case Sparking National Outrage Introduction A former lawyer who worked at the Federal Deposit Insurance Corp. (FDIC) has pleaded guilty in a shocking child-exploitation case that has sparked national outrage. Mark...

FDIC Announces December Enforcement Actions and No Administrative Hearings in February 2024

Press Release: FDIC Makes Public December Enforcement Actions; No Administrative Hearings Scheduled For February 2024 The Federal Deposit Insurance Corporation (FDIC) recently released a list of enforcement actions taken in December 2023 on banks and individuals. In...