PYMNTS
NOVEMBER 18, 2019
recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). Assets and deposits were assumed by Industrial Bank, a press release from the FDIC indicated. “On Approximately $500,000 in deposits exceeded FDIC insurance limits.
PYMNTS
JULY 15, 2019
expanded their financing to farming businesses significantly between 2008 and 2015, according to filings with the Federal Deposit Insurance Corporation analyzed by Reuters. percent: the growth rate of FDIC-insured bank loans to farm borrowers as of March 2019. Focusing on the rural Midwest, large banks like JPMorgan Chase & Co.
PYMNTS
JANUARY 10, 2019
FDIC) was founded in 1933 that an entire year went by without a bank going under. Despite steep price cuts, retail sales had their worst performance since December of 2008. US Banking Industry Had No Failures in 2018. Last year was the first time since 2006 that not one U.S. LuLaRoe Founders Accused of Hiding Millions from Creditors.
PYMNTS
JUNE 25, 2019
Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). reports said.
CB Insights
JANUARY 5, 2021
Between 2008 and 2018, the number of commercial bank branches in the US has declined by more than 6%. Source: FDIC. Download the free report to find out what it will take for challenger banks to develop a meaningful share of the banking market. First name. Company Name. Phone number. Alternative services can be costly.
PYMNTS
MAY 22, 2018
Tom Hoenig, who stepped down last month as FDIC vice chairman, (said) that the Volcker rule should remain in place but, rather than requiring banks to comply with tedious reporting requirements, allow bank examiners to check compliance with policies and procedures as part of the regular inspection process,” the report added.
Fintech Labs Insights
SEPTEMBER 9, 2014
Ever since the financial debacle of 2008, it''s been harder for consumers to establish their first credit account. The funds are held in an FDIC-insured account. Therefore, with no credit history or score, it becomes even harder to get credit.
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