Prior to Silicon Valley Bank and Signature Bank failing earlier this month, the last time the Federal Deposit Insurance Corp. (FDIC) took over a financial institution was in October 2020.

The FDIC announced Friday afternoon that customers who had up to $250,000 per account deposited with SVB, which was the nation's 16th-largest bank, will have access to their funds by Monday morning.

If the FDIC had treated ... for Federal Home Loan bank advances, leaving the bank with $15 billion in securities eligible for Home Loan Bank advances or Fed discount window loans.

First Citizens Bank is buying most of the business of Silicon Valley Bank, the US tech lender that failed earlier this month. The Federal Deposit Insurance Corporation (FDIC) said in a statement ...

A March 13 Instagram post (direct link, archive link) advises consumers to take action to protect their money. “Take all your money out of the bank!!!!” the post says in all caps ...

Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. New rules implemented last month capped what the Federal Deposit Insurance ...

Despite recent bank failures dominating the headlines, experts say there's no need to worry if your money is insured by the Federal Deposit Insurance Corporation (FDIC). Nearly all banks are ...

As part of the shift, FDIC Acting Chair Travis Hill said the agency is eliminating the need for banks to include hypothetical failure scenarios and bridge bank strategies in their next round of ...

Banks offer a core service to two distinct customers: they serve as an intermediary between savers–who want somewhere secure to keep their money that will pay a little interest and can be easily ...

PHILADELPHIA (CBS/AP) -- Philadelphia-based Republic First Bank was closed by state regulators Friday night and its assets were given to the Federal Deposit Insurance Corp., FDIC announced in a ...