The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of NOVA Bank, Berwyn, Pennsylvania. The bank was closed today by the Pennsylvania Department of Banking and ...

A Federal Deposit Insurance Corp. effort to redistribute the cost of failing banks is taking a bigger bite out of the bottom line of the country’s largest financial institutions, while giving a shot ...

The largest U.S. banks are getting hit with larger payments under a Federal Deposit Insurance Corp. effort to reallocate the cost of the nation’s failing banks, but the move is benefitting many New ...

Profits for U.S. banks skyrocketed in 2012, a report from the Federal Deposit Insurance Corp. finds today. According to Bloomberg, U.S. banks made $141.3 billion in net income last year. That is the ...

A new bank fee is cropping up. The Federal Deposit Insurance Corp., in a letter sent to banks, said it has “received a number of complaints from depositors” stating that their institutions are ...

SRA International is in a fight to keep its lucrative FDIC contract, which represented 9 percent of its $1.6 billion in 2012 revenue. SRA International has filed a protest over a lost contract that ...

FDIC problem bank list shrinks, but some Twin Cities lenders still troubled The Federal Deposit Insurance Corp.'s list of problem banks has fallen to its lowest level in three years. The list is now ...

When you open a deposit account, such as a savings or checking account, you may see a notice stating the account is FDIC-insured. The Federal Deposit Insurance Corporation (FDIC) is an independent ...

In recent years, bank failures have become rare. Prior to Silicon Valley Bank and Signature Bank failing earlier this month, the last time the Federal Deposit Insurance Corp. (FDIC) took over a ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. An FDIC insured account is a bank or ...