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Federal Deposit Insurance Corporation News Monitoring

  • Published on 06:57 GMT

    Crypto Is Good for Trump but Bad for America

    This has been a good week for America’s crypto interests. The Genius Act, which legitimates a kind of cryptocurrency called stablecoins, advanced in the Senate, and on Thursday, President Trump held a gala dinner for the top 220 holders of his $Trump …

    Source: The New York Times - Neutral
  • Published on 04:30 GMT

    Money market account vs. money market fund: Differences

    Money market accounts combine the features of checking and savings accounts and are FDIC- or NCUA-insured up to $250,000 per depositor. Money market funds aren’t federally insured or regulated, but they are considered conservative investments with very low …

    Source: Yahoo Finance - Center-left
  • Published on May 24, 2025

    10 Of The Worst Car Scams To Avoid When Buying Or Selling A Vehicle

    There are plenty of things you need to look out for when buying a used car or a new car, or when selling your old vehicle. This includes your standard mechanic-approved tips for buying a used car, like checking for rust or signs of water leaks, as well as …

    Source: SlashGear - Pending
  • Published on May 24, 2025

    US Financial Regulators Chart New Path Forward for the Crypto Industry

    Key Takeaways In recent weeks, U.S. financial regulators, including the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency (OCC), the U.S. Securities and Exchange Commission (SEC) and the …

    Source: JD Supra - California - Neutral
  • Published on May 23, 2025

    Lake Shore Bancorp, Inc. Announces Commencement of Stock Offering

    DUNKIRK, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”), a …

    Distribution channels: Banking, Finance & Investment Industry ...
  • Published on May 23, 2025

    Former bank executive pleads guilty to swindling $2M in check kiting fraud scheme

    EAST ST. LOUIS, Ill. – The former second-in-command of the Bank of O’Fallon appeared in federal court Monday to admit to charges for engaging in a fraud scheme to obtain more than $2 million. Andrew P. Blassie, 69, of St. Louis, pleaded guilty to one count …

    Source: Mount Carmel Register - Illinois - Pending
  • Published on May 22, 2025

    WT’s Second Powell Fellow Named; Will Continue Research into Cyst Treatment

    CANYON, Texas — A West Texas A&M University engineering professor is the University’s second Twanna M. Powell Fellow, receiving $50,000 to further his research into materials that may help advance treatment options for cysts and seromas in humans and …

    Source: Borger News-Herald - Texas - Pending
  • Published on May 22, 2025

    Preferred Bank Announces Stock Buyback

    LOS ANGELES, May 22, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the shareholders have approved a new $125 million stock repurchase plan. Also, on May 8, 2025, …

    Distribution channels: Banking, Finance & Investment Industry ...
  • Published on May 22, 2025

    NCUA to cut staff by 20% in sweeping overhaul

    More than 200 employees are leaving the National Credit Union Administration under a voluntary separation initiative that agency leadership says will reshape operations as it aims to reduce its roughly 1,200 staff by 20% by the end of the year.  Acting …

    Source: American Banker - New York - Neutral
  • Published on May 22, 2025

    Former banker pleads guilty to $2 million check kiting fraud

    A former executive at the O'Fallon, Illinois-based Bank of O'Fallon this week pleaded guilty to check kiting and investment fraud from which he gained more than $2 million and left a retired Illinois couple in financial distress. "This former …

    Source: American Banker - New York - Neutral
  • Published on May 21, 2025

    Democrats Just Handed Trump—and the Crypto Industry—a Massive Win

    Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Crypto companies mounted one of the biggest influence-purchasing campaigns in American history in 2024. This week, a handful of …

    Source: Slate Magazine - Left-wing
  • Published on May 22, 2025

    Here’s Where the Class of 2025 Is Headed After Graduation

    Note: These data were shared with the Maroon on May 5 and may have changed since. Last year’s graduation issue introduced a new feature that examined where students go after their time at UChicago. This year, the Maroon continues that tradition, exploring …

    Source: Chicago Maroon - Illinois - Neutral
  • Published on May 22, 2025

    Trump floats loosening US grip on Fannie and Freddie

    President Trump just signaled he may loosen the federal government's grip on mortgage giants Freddie Mac (FMCC) and Fannie Mae (FNMA), which would end one of the oldest fights on Wall Street. "I’m giving very serious consideration to bringing …

    Source: Yahoo Finance - Center-left
  • Published on May 22, 2025

    These are the 103 fastest-growing banks in New York City

    The banks in New York City hold more than $11.06 trillion in total combined deposits as of Dec. 31, 2024, marking a 1.32% increase over what was reported in the year-earlier period. This week's List is part of a broader strategy shift in our research …

    Source: The Business Journals - Neutral
  • Published on May 22, 2025

    These are the 92 fastest-growing banks in Chicago area

    The banks in Illinois' Cook County hold about $9.4 trillion in total combined deposits as of Dec. 31, 2024, marking a 1.21% increase over what was reported in the year-earlier period. This week's List is part of a broader strategy shift in our …

    Source: The Business Journals - Neutral
  • Published on May 22, 2025

    These are the 33 fastest-growing banks in Cleveland area

    Locally Researched by: Andrew Vaupel, American City Business Journals May 22, 2025, 6:00am EDT The banks in the Cleveland area hold more than $6.53 trillion in total combined deposits as of Dec. 31, 2024, marking a 1.11% increase over what was reported in …

    Source: The Business Journals - Neutral
  • Published on May 22, 2025

    These are the 18 fastest-growing banks in Rhode Island

    The banks in Rhode Island hold more than $5.22 trillion in total combined deposits as of Dec. 31, 2024, marking a 0.77% increase over what was reported in the year-earlier period. This week's List is part of a broader strategy shift in our research …

    Source: The Business Journals - Neutral
  • Published on May 22, 2025

    Why US banks are not taking their eye off reputational risk

    In March 2025, when the Federal Deposit Insurance Corporation (FDIC) became the second US prudential agency to announce plans to withdraw reputational risk as an element of bank supervisory examinations, White House cryptocurrency czar David Sacks …

    Source: Risk.net - Neutral
  • Published on May 22, 2025

    FDIC eyes change in reserve ratio calculation

    The Federal Deposit Insurance Corp.’s acting chair, Travis Hill, wants the agency to reconsider how it calculates the Deposit Insurance Fund’s reserve ratio, he said Tuesday in a statement. Hill suggested using the assessment base – generally, total …

    Source: Banking Dive - Neutral

01 days 14:55:14

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  • Published on May 22, 2025 - 18:25 GMT

    OECD GDP Grows by 0.1 Percent in Early 2025

    (MENAFN) The GDP of the Organization for Economic Cooperation and Development (OECD) grew by just 0.1% in the first quarter of 2025, a sharp slowdown from 0.5% in the previous quarter. This marks a shift from the higher and relatively stable growth seen in …

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  • Published on May 22, 2025 - 18:24 GMT

    OECD Economic Growth Stagnates in Early 2025

    (MENAFN) The gross domestic product (GDP) within the Organization for Economic Cooperation and Development (OECD) inched upward by only 0.1 percent during the first quarter of 2025. This marks a significant deceleration compared to the 0.5 percent …

    Distribution channels: ...
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