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News Stories (4 Results) - Federal Deposit Insurance Corporation

JPMorgan Chase announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction... Read Story
May 01, 2023, 07:23 AM

First-Citizens Bank & Trust Company (First Citizens Bank), a subsidiary of Raleigh, NC-headquartered First Citizens BancShares, Inc. (First Citizens) announced it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to... Read Story
March 27, 2023, 07:23 AM

The Federal Deposit Insurance Corporation announced that the Deposit Insurance Fund Reserve Ratio reached 1.36 percent, exceeding the statutorily required minimum reserve ratio of 1.35 percent ahead of the Sept. 30, 2020, deadline required under the... Read Story
November 30, 2018, 06:00 AM

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans.... Read Story
December 14, 2016, 07:18 AM