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June 14, 2025

FDIC

Article

Bank of America ordered to pay $540M in FDIC lawsuit

April 18, 2025 The Associated Press

NEW YORK — A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance. […]

Article

FDIC recommends raising insured deposit limit for businesses 

May 4, 2023 The Associated Press

NEW YORK — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal to ease the industry turmoil […]

Article

First Citizens to acquire troubled Silicon Valley Bank

March 27, 2023 The Associated Press

RALEIGH — North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure […]

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