Press Release: FDIC Issues Enforcement Orders for March 2025
PRESS RELEASE | APRIL 25, 2025 FDIC Issues Enforcement Orders for March 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March 2025. There are no administrative hearings scheduled for May 2025. The FDIC issued 16 safety and soundness orders […]
Stop outsourcing innovation. Banks can compete like fintechs
For too long, banks have outsourced innovation, placing their future in the hands of outside vendors. That’s no longer a viable strategy. Banks need to bring innovation in-house again.
Flagstar’s losses continue; CEO affirms profitability track
The Long Island-based regional bank’s net loss narrowed from the first quarter of 2024, while CEO Joseph Otting said the company continues to make progress in its turnaround journey.
FDIC resolution shift favors speed; critics warn of costs
Acting Chair Travis Hill’s push for quick weekend bank sales signals a break from past crisis strategies — but some experts warn of higher costs and increased consolidation risks
Fed joins other regulators in rolling back crypto policies
The Federal Reserve withdrew expectations on crypto activity and dollar tokenization, while the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency also withdrew their versions of the guidance.
Press Release: Agencies Withdraw Joint Statements on Crypto-Assets
PRESS RELEASE | APRIL 24, 2025 Agencies Withdraw Joint Statements on Crypto-Assets Today, the Federal Deposit Insurance Corporation, together with the Board of Governors of the Federal Reserve System (collectively, the agencies), has withdrawn two joint statements regarding banking organizations’ crypto-asset-related activities. This action is intended to provide clarity that banking organizations may engage in […]
Office valuation concerns lead to shrinking profits at Eagle
The Washington, D.C.-area bank reported a significant boost in provisions to cover emerging vulnerabilities in its $1 billion portfolio of office loans.
Warren and banking colleagues probe FDIC over DOGE efforts
A cohort of Democratic Senators on the Banking Committee expressed concern over the Department of Government Efficiency’s ongoing efforts to cut Federal Deposit Insurance Corp. staff and contracts, saying they worried the efforts could weaken the nation’s deposit insurer and expose sensitive bank data if improperly handled.
Fintechs warned to step up anti-fraud efforts using AI
At a New York Fintech Week event, speakers urged fintechs to better understand the criminal mindset and to use artificial intelligence to detect and thwart fraud.
Fed official: ‘Some’ repo volatility is good for the market
Federal Reserve Bank of Cleveland President Beth Hammack said the central bank should not let fears of money-market shakiness cause it to stop balance sheet runoff too soon.