Sunday, May 19, 2013 3:49 AM 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).

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Articles About FDIC

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)

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)

MORE TOPICS: FEDERAL RESERVE, CITIGROUP, CALIFORNIA

Banking supervisors may seek to simplify capital rules

By Reuters UK

Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective. (Mar 13)

MORE TOPICS: EUROPEAN UNION, BANK OF ENGLAND

U.S. banks in 2012 post highest profits since '06 -FDIC

By Reuters

The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. (Feb 27)

MORE TOPICS: CONGRESS

Regulators examine if big banks evade payday loan laws: NYT

By Reuters

Federal and state regulators are examining whether some of the largest U.S. banks are helping Internet-based lenders evade state laws that cap interest rates on payday loans, The New York Times said on Sunday. (Feb 25)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, JPMORGAN CHASE, WELLS FARGO, THE NEW YORK TIMES, NEW YORK

U.S. regulators examine if big banks evade payday loan laws - NYT

By Reuters UK

Federal and state regulators are examining whether some of the largest U.S. banks are helping Internet-based lenders evade state laws that cap interest rates on payday loans, The New York Times said on Sunday. (Feb 25)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, JPMORGAN CHASE, WELLS FARGO, THE NEW YORK TIMES, NEW YORK

Banks have to pay up, despite win on liquidity rule

By Reuters UK

Banks have won a victory in their battle to dilute tough rules on liquidity, but they will still have to find trillions of dollars to ensure their funds do not run out in a crisis. (Jan 08)

MORE TOPICS: LEHMAN BROTHERS, EUROPEAN UNION, BANK OF ENGLAND, G20, LAW FIRM

Citi's Corbat builds bridges with regulators

By Reuters

Citigroup Inc's Michael Corbat has been meeting with bank regulators in his first months as CEO, as he looks to bolster relationships and finalize the bank's plan to return capital to shareholders, sources familiar with the matter said. (Jan 07)

MORE TOPICS: VIKRAM PANDIT, FEDERAL RESERVE, BEN BERNANKE, CITIGROUP, BANK OF ENGLAND, NEW YORK

ECB warns against crisis complacency, says risks remain

By Reuters

The European Central Bank, poised to take over supervision of the region's banks, said on Friday there was no room for complacency following early signs of easing strain on financial markets. (Dec 15)

MORE TOPICS: EUROPEAN CENTRAL BANK

ECB warns against complacency on crisis, says risks remain

By Reuters UK

The European Central Bank, poised to take over supervision of the region's banks, said on Friday there was no room for complacency following early signs of easing strains on financial markets. (Dec 14)

MORE TOPICS: EUROPEAN UNION, EUROPEAN CENTRAL BANK