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FDIC: Banks Pull In $237B In 2018

PYMNTS

Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. In an announcement , FDIC Chairman Jelena McWilliams said, “Loan balances expanded, net interest margins improved and the number of ‘problem banks’ continued to decline.”. percent from the quarter before.

FDIC 116
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Financial institutions face increasingly stringent federal breach reporting requirements

CFPB Monitor

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147
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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Look for more formal education teaching bankers how to talk to customers about FDIC insurance, bank safety, and liquidity concerns.

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The $300B Employee Financial Stress Tax On Employers

PYMNTS

It’s an oft-quoted stat, illustrating how ill-prepared many individuals and families are to deal with shocks and unforeseen events. Or maybe they’re facing the massive financial event of buying a house. The company has established a lending relationship with an FDIC-insured bank. How to separate the episodic from full-on stress?

Taxes 101
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Ensuring a Sustainable Legacy: The Role of Wealth Management in Estate Planning

Ublocal

By matching specific investment strategies with your unique level of risk tolerance, tax considerations, and legacy goals, investment management can ensure that your estate not only withstands market fluctuations but also effectively fulfills your plans for how to distribute your wealth to your heirs and philanthropic causes.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. At industry events they had that wry grin saying, “yeah, we perform better than you.” We took a serious reputational hit.

FDIC 78
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Food for Thought: A Policy on Credit Exceptions

Abrigo

For example, the lack of guarantee may not cause a charge-off, but it limits options in the event of a workout. As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. and property tax payments. Get details in "A guide to implementing credit policy."

Policies 195