#fdic

#fdic

The FDIC has lifted pre-approval requirements for banks to engage in bitcoin and crypto activities, promoting a more accessible regulatory environment.

Coinbase accuses SEC and FDIC of harming crypto industry through lack of transparency and regulatory hostility.

Despite high interest in cryptocurrency, actual usage among unbanked households is minimal, primarily serving as an investment rather than a financial tool for transactions.

Trump's team is exploring changes to the FDIC, raising concerns about financial stability. Potential reforms could affect banking customers' protection.

FDIC Chairman Gruenberg willing to step down after Senate confirms successor.

The FDIC has appointed Carrie H. Cohen as a monitor to oversee the agency's cultural transformation following a workplace scandal.

Fulton Bank is assuming deposits and assets of Republic First Bank after its collapse due to failure to raise capital and exit from mortgage lending.

The FDIC estimates the failure of Republic Bank will cost $667 million, with Fulton Bank acquiring $6 billion in assets, including an investment portfolio and loans.

Republic Bank specialized in jumbo mortgage products, but its mortgage production was significantly lower compared to Fulton Bank.

Regulators closed Republic First Bank with $6 billion assets and $4 billion deposits, impacting FDIC fund by $667 million, amidst challenges from rising interest rates and real estate devaluation.