Federal Deposit Insurance Corporation (FDIC), independent U.S. government corporation created under authority of the Banking Act of 1933 (also known as the Glass-Steagall Act), with the responsibility to insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices.
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By 2009, new licenses granted dipped to 31, before bottoming out at 0 in 2012, 2014, and 2016. But the industry might be on the up-and-up, with the FDIC signing off on 10 charters in both 2016 and.
The head of the Federal Deposit Insurance Corp. has agreed to halve a new emergency fee on U.S. banks in exchange for Congress more than tripling the agency’s borrowing authority to tap federal.
4:00 PM ET Tue, 18 June 2019. Sheila Bair, former chair of the FDIC, joins CNBC’s "The Exchange" to discuss Facebook’s new cryptocurrency and the possibilities for the Fed’s own digital currency.
· By 2009, new licenses granted dipped to 31, before bottoming out at 0 in 2012, 2014, and 2016. But the industry might be on the up-and-up, with the FDIC signing off on 10 charters in both 2016 and 2017 before approving 14 last year.
The federal deposit insurance corporation (fdic) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The FDIC was created in 1933 to maintain. PayPal representatives said the FDIC opinion should help the company stave off attempts by state and federal officials to regulate its business.
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The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government responsible for insuring deposits made by individuals and companies in banks and other thrift institutions. The FDIC insures deposits up to $250,000.
WASHINGTON – The Federal Deposit Insurance Corp.’s longtime finance chief will retire at the end of May, the agency announced Thursday. Chief Financial Officer Steve App will be succeeded by Bret.