Page 44 - Fdic News Today

Citi reported the loss due to $3.8-billion in charges disclosed in a filing on Wednesday

JPMorgan Chase's total net income for the year came in at $49.6 billion, the most ever in the history of American banking.

JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.

Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank reported its worst fourth-quarter earnings in 15 years Friday.

If there is a silver lining in this story it is this: SoFi stock — 16% of whose shares are sold short, according to the Wall Street Journal — has nearly doubled in 202...

The CEOs of eight top banks visited Capitol Hill on Wednesday to testify against Basel III Endgame, the final stages of regulations in the works for 15 years.

Thomas Michaud, CEO of Stifel company KBW, believes the industry's deposits and earnings are stable. But he thinks deposit insurance reform is still needed.

The CEOs of eight top banks visited Capitol Hill on Wednesday to testify against Basel III Endgame, the final stages of regulations in the works for 15 years.

An estimated 14.1 percent of U.S. households were underbanked in 2021, according to the FDIC, leaving many with little access to financial offerings like credit & loans.

The inspector general’s office will conduct a special inquiry “to report on the leadership climate at the FDIC with regard to all forms of harassment and inappropriate behavior.”