Friday, April 25, 2014 12:28 PM EST

FDIC

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insured deposits at more than 8,000 banks s of April 2010. The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages banks in receiverships (failed banks).

Headlines Around the Web

JPMorgan woes drag on US bank income

Nov 27 - Financial Times

US banks enjoy best profits since 2006

Feb 27, 2013 - Financial Times

Sheila Bair's second act

Oct 30, 2012 - Politico

Former WaMu executives in $64m settlement

Dec 14, 2011 - Financial Times

Goldman to Offer CDs Tied to Equities

Dec 10, 2011 - Business Week

WaMu executives close to deal with watchdog

Jun 18, 2011 - Financial Times

Ex-regulator calls for return of bank dividends

Feb 10, 2011 - Financial Times

Big debt poses clear financial danger: Bair

Nov 27, 2010 - MarketWatch

1 in 9 U.S. banks at risk: FDIC

Nov 24, 2010 - CBC

3 more banks fail, making 149 for the year

Nov 21, 2010 - MarketWatch

FDIC gets into the securitization business

Jul 31, 2010 - MarketWatch

Articles About FDIC

Dollars
Australian Dollar Outlook - 17 March 2014

By IBTimes AU

Bell FX Currency Outlook: The Australian Dollar is little changed from Friday's level as it appears most attention is directed to the vote in the Crimea and its potential implications. (Mar 17)

MORE TOPICS: AUSTRALIA, FEDERAL RESERVE, CHINA, MANUFACTURING, AUSTRALIA, RUSSIA, MICHIGAN

Logos are seen outside a branch of Barclays bank in London July 30, 2013.
US Regulator Sues 16 Banks for Rigging Libor Rate

By Reuters

The Federal Deposit Insurance Corp sued 16 of the world's largest banks, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. (Mar 15)

MORE TOPICS: BARCLAYS, COURT, LAWYER, LAWSUIT, ANTITRUST LAW, CITIGROUP, BANK OF AMERICA, DEUTSCHE BANK, HSBC, JPMORGAN CHASE, ROYAL BANK OF SCOTLAND

JPMorgan Seals Tentative $13bn Mortgage Probe Settlement

By IBTimes UK

Reports say JPM has struck deal with US Department of Justice but remains open to criminal liability. (Oct 20)

MORE TOPICS: COURT, DEPARTMENT OF JUSTICE, ATTORNEY GENERAL, MORTGAGE, INVESTMENT, SETTLEMENT

Occupy Wall Street: Carne Ross's Bank Card Project Fundraiser Faltering

By IBTimes UK

Occupy Money Co-operative scrapes in less than $6,000 of $900,000 goal in fortnight. (Oct 04)

MORE TOPICS: FEDERAL RESERVE, IRAQ, IMF

JPM's $11bn Mortgage Probe Settlement Hits Skids on Washington Mutual Dispute

By IBTimes UK

Sources say JPMorgan's government-led mortgage probe settlement becomes complicated over former Washington Mutual losses (Oct 01)

MORE TOPICS: JPMORGAN CHASE, COURT, ATTORNEY GENERAL, MORTGAGE, INVESTMENT, SETTLEMENT, LONDON

Exclusive - Deutsche Bank "horribly undercapitalized": U.S. regulator

By Reuters UK

A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios. (Jun 15)

MORE TOPICS: FEDERAL RESERVE, DEUTSCHE BANK, MORGAN STANLEY

Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulator

By Reuters

A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios. (Jun 15)

MORE TOPICS: FEDERAL RESERVE, DEUTSCHE BANK, MORGAN STANLEY

Mario Draghi Calls For Further Efforts to Centralise European Banking Sector

By IBTimes UK

European Central Bank President says 'Europe needs a more European UK.' (May 24)

MORE TOPICS: EUROPEAN UNION, EUROPEAN CENTRAL BANK, LONDON

Federal Reserve orders Citigroup to improve money laundering checks

By Reuters

The Federal Reserve has ordered Citigroup Inc to better police for the risk of money laundering, part of a broad U.S. regulatory crackdown on the potential for illicit money flows. (Mar 27, 2013)

MORE TOPICS: FEDERAL RESERVE, CITIGROUP, HSBC, JPMORGAN CHASE, CALIFORNIA, MEXICO

Fed orders Citigroup to improve anti-money laundering controls

By Reuters

Citigroup Inc entered into a consent order with the Federal Reserve to improve its anti-money laundering controls, after several units of the bank were subject to similar orders in 2012. (Mar 27, 2013)

MORE TOPICS: FEDERAL RESERVE, CITIGROUP, CALIFORNIA