Deposit insurance

6 takeaways as FDIC reports another record earnings quarter


A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book.


Reform law has an overlooked benefit for funding-starved banks


The legislation allows banks to hold a certain amount of reciprocal deposits without having to classify them as brokered deposits.


Nationwide is quitting retail banking


The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans.


Why this asset management firm is seeking deposit insurance


AssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients.


FDIC still on track to hit key deposit insurance target early


In an update on the Deposit Insurance Fund, FDIC staff said the fund's ratio of reserves to estimated deposits will likely reach the required 1.35% level by the second half of 2018.


Tax reform gut punch: Banks’ 4Q profits take a beating


The tax reform law passed late last year, which significantly cut the corporate tax rate, has been widely popular among banks, but a one-time hit to the value of their deferred tax assets was felt far and wide.


Banc of California hits reset after rocky 2017


The company, which recently shareda three-year plan to bring in more lower-cost deposits and commercial loans, seems ready to play offense a year after the abrupt ouster of its CEO.


Senate panel approves Trump’s pick for FDIC chair, two other nominees


The full Senate will now consider the nomination of Jelena McWilliams to lead the FDIC, as well as nominees to sit on the Federal Reserve Board and the Financial Stability Oversight Council.


Final tax reform bill passes House, now moves to Senate


The House vote moved a sharp reduction in the corporate tax rate for banks and other businesses to within a few steps of becoming law.


Three looming worries for bankers in final tax reform plan


With tax reform close to the finish line, bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill includes some caveats that might give institutions pause.