What the FDIC insures, and what's still at risk

As of March, hundreds of employees ... new commissioners to be able to lead bank examinations, Axios' Courtenay Brown notes. The big picture: Even if the FDIC is collapsed, that doesn't ... Read More

Bank of America ordered to pay more than $540M in assessments to FDIC after long legal battle

In the decision by U.S. District Judge Loren L. AliKhan, she ruled that Bank of America would have to pay the FDIC $540.3 million to cover assessments from the second quarter of 2013 through the ... Read More

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

To receive daily news ... March 31 and made public Monday, U.S. District Judge Loren L. AliKhan said “the law is not on [Bank of America’s] side,” and the lender is liable for unpaid ... Read More

Bank of America Ordered to Pay $540 Million in Long-Running Lawsuit From the FDIC

Bank of America Ordered to Pay $540 Million in Long-Running Lawsuit From the FDIC NEW YORK ... underpaid mandatory assessments for deposit insurance. The order, reached March 31 and published ... Read More

Judge orders Bank of America to pay $540 million in FDIC lawsuit

A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what it owed for ... Read More

Bank of America ordered to pay the FDIC $540 million in an 8-year-old case

In 2017, the FDIC sued the second-largest U.S. bank for failure to pay $1.12 billion in deposit insurance assessments in violation ... AliKhan said in the March 31 decision, made public this ... Read More

Bank of America ordered to pay $540 million in FDIC lawsuit in never-before-seen ruling

“Since the start of FDIC insurance on January 1, 1934, no depositor has lost a penny of insured funds as a result of a failure,” the body says. The recent Bank of America ruling comes more ... Read More

Commentary: How US could repeat mistakes of 2008 financial crisis

In December, Trump administration officials reportedly floated abolishing the FDIC with prospective nominees for various bank regulatory appointments. More recently, in February, DOGE and US ... Read More

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

The order, reached March ... The FDIC declined to comment when reached Tuesday. Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure ... Read More