Deposit Insurance

F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers

Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.

By Emily Flitter

Banking and Financial Institutions Commodity Futures Trading Commission Deposit Insurance Federal Deposit Insurance Corp Goldsmith Romero, Christy Regulation and Deregulation of Industry United States Politics and Government

Biden’s Pick to Lead F.D.I.C. Faces Little Resistance in Senate Hearing

Nominated for chair of the Federal Deposit Insurance Corporation, Christy Goldsmith Romero was cheered by Democrats and accepted by Republicans at a hearing.

By Emily Flitter

Banking and Financial Institutions Deposit Insurance Federal Deposit Insurance Corp Fulton Bank Philadelphia (Pa) Republic First Bancorp

Regulators Seize Republic First, a Troubled Philadelphia Bank

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

By Kashmir Hill

Bank of America Corporation Banking and Financial Institutions Citigroup Inc Company Reports Deposit Insurance Dimon, James Federal Deposit Insurance Corp JPMorgan Chase & Company Moynihan, Brian T United States Economy Wells Fargo & Company

JPMorgan Chase, Bank of America and Wells Fargo Earned Billions

JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.

By Emily Flitter and Stacy Cowley

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