A federal judge at a court in Washington, D.C., ruled late last month that Bank of America owed the FDIC $540.3 million in unpaid deposit insurance and interest, according to court documents made ...

The FDIC, formed in 1933 during the Great Depression, is an independent government agency that insures deposits at U.S. member banks, ensuring depositor safety for customers in case of bank failure.

The FDIC sued Bank of America following a 2016 audit, saying the bank failed to follow this rule. This story was originally published April 15, 2025 at 1:18 PM. Related Stories from Rock Hill Herald ...

The FDIC sued Charlotte, North Carolina-based Bank of America for $1.12 billion in 2017, accusing it of reducing its deposit insurance contributions by failing to honor a 2011 rule that changed ...

The tug of war between BlackRock and FDIC is the latest example of rising D.C. scrutiny of BlackRock, which oversees $11 trillion in assets. For years, the financial giant has been a target of GOP ...

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks.

The safest way to verify that your bank is FDIC-insured is to search for the institution using the FDIC BankFind tool. Or you can look for an FDIC insurance logo ... per bank. $250,000 per member ...

Since October 2000, The FDIC has recorded 570 bank failures, including six from the start of 2023 to September 2024, including the infamous tech lender, Silicon Valley Bank. When an FDIC-insured ...

WASHINGTON (AP) — An independent review of the Federal Deposit Insurance Corp. ‘s workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate … ...

When it comes to the security of your money, that “Member FDIC” logo you see displayed on most banks and highlighted on banking products is key. If you don’t see it, your money may be at risk.

If a community bank is protected by FDIC insurance, they will display the words “Member FDIC” or the Member FDIC logo on their website. Smaller banks who are a Member FDIC offer the same level ...

LITTLE ROCK, Ark., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0. ...