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Deposit Insurance News Monitoring

  • Published on May 21, 2025

    PDIC extends up to P1M deposit insurance to Islamic banks

    MANILA, Philippines — Islamic banks and banking units are now covered by the Philippine Deposit Insurance Corp. (PDIC), ensuring that depositors are protected even if these banks close or go bankrupt. In a statement on Wednesday, May 21, the PDIC said …

    Source: Philstar - Neutral
  • Published on 13:41 GMT

    Rebuilt classrooms will boost education, enrolment in Adamawa – NDIC

    The commissioning of a newly reconstructed block of three classrooms and a principal’s office at Government Day Secondary School (GDSS) Kpasham in Demsa Local Government Area of Adamawa State is expected to significantly enhance the quality of education …

    Source: The Guardian (Nigeria) - Neutral
  • Published on 11:51 GMT

    FD rate up to 9.1% for senior citizens investing for 5 years; Know the list of banks

    There are still some banks who continue to offer up to 9.1% interest rate on fixed deposits (FD) made by senior citizens (age 60 years and above) for five year tenure and not exceeding Rs 3 crore. Read below to know the list of banks offering FD interest …

    Source: The Economic Times - Pending
  • Published on 11:16 GMT

    Senator Binos commissions classroom blocks in Adamawa South

    The senator Representing Adamawa South senatorial district,  Binos Dauda Yaroe, has  commissioned a 3 three classrooms blocks and principal’ s office at Government Day Secondary School Kpasham in Demsa local  Government  area of Adamawa state. Speaking at …

    Source: Blueprint Newspapers Limited - Pending
  • Published on May 20, 2025

    US set to hit deposit insurance fund target ratio by end of 2025

    (Bloomberg) — The US government’s bedrock fund meant to protect depositors in the event of a bank failure is poised to reach its legal target ratio by the end of 2025 — about three years ahead of schedule. Most Read from Bloomberg The Federal Deposit …

    Source: Yahoo Finance - Center-left
  • Published on May 20, 2025

    FDIC's Hill rethinks deposit insurance

    Federal Deposit Insurance Corp. acting Chair Travis Hill on Tuesday suggested the agency consider changing how it calculates the Deposit Insurance Fund's reserve ratio. That could impact what it charges banks for their access to deposit insurance. Hill …

    Source: American Banker - New York - Neutral
  • Published on 01:54 GMT

    US Financial Regulators Chart New Path Forward for the Crypto Industry

    Key Takeaways In recent weeks, U.S. financial regulators, including the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency (OCC), the U.S. Securities and Exchange Commission (SEC) and the …

    Source: JD Supra - California - Neutral
  • Published on May 23, 2025

    BDIC Appoints James R. Owens to BDIC Board of Advisors

    Blockchain Deposit Insurance Corporation (BDIC), first to market providing decentralized deposit insurance for cryptocurrency wallets and exchanges, proudly announces an appointment to the BDIC Board of Advisors, James R. Owens. Co-Founder Paul Kohli of …

    Source: FinTecBuzz - Neutral
  • Published on May 23, 2025

    Get Ready To Pay In ZuckBucks

    Amid a flood of industry lobbying in Washington, D.C., and Democrats’ capitulation, the Senate is set to pass the GENIUS Act, a sweeping cryptocurrency law that could spread fraud-ridden, destabilizing digital currencies across the banking system. But …

    Source: The Lever - Left-wing
  • Published on May 23, 2025

    Inside Marqeta's quest to diversify clients beyond Block

    Marqeta has been making moves to add new revenue sources in addition to Jack Dorsey's Block, which for years has accounted for more than half of its total revenue. Mike Milotich, the company's latest chief and the third person to hold the role in …

    Source: American Banker - New York - Neutral
  • Published on May 23, 2025

    Lake Shore Bancorp, Inc. Announces Commencement of Stock Offering

    DUNKIRK, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”), a …

    Distribution channels: Banking, Finance & Investment Industry ...
  • Published on May 23, 2025

    A View On Financial Stability, Federal Reserve Governor Lisa D. Cook, At The Seventh Annual Women In Macro Conference ...

    Thank you, Alessandra, for organizing us today, and thanks to you, Veronica Guerrieri, and Marina Azzimonti for initiating this effort seven years ago. I am honored to be with so many friends in macroeconomics at the 2025 Women in Macro Conference. I still …

    Source: Mondovisione - Neutral
  • Published on May 23, 2025

    Senate Advances Stablecoin Bill

    On May 20, the U.S. Senate voted 66-32 to move forward with the Guardrails and Enforcement for Neutral Issuers of United States Stablecoins (GENIUS) Act (the “Act”), pushing the stablecoin bill past a major procedural hurdle. The vote sets the stage for …

    Source: JD Supra - California - Neutral
  • Published on May 23, 2025

    BREAKING: Sagecom Petitions CBN, Accuses Fidelity Bank Of Lying About Financial Status, Omitting $129Million Judgement ...

    A legal firestorm has erupted over Fidelity Bank Plc’s 2024 Annual Report, as lawyers representing Sagecom Concept Limited have written a petition to the Central Bank of Nigeria (CBN), accusing the bank of concealing a multi-million-dollar judgment debt …

    Source: Sahara Reporters - Left-wing
  • Published on May 23, 2025

    EU & UK Adopt New Sanctions Targeting Russia

    On May 20, 2025, the European Union ("EU") and the United Kingdom ("UK") adopted new sanctions targeting Russia, reflecting prior commitments to apply "further pressure on Russia to hinder its ability to wage its war of aggression …

    Source: JD Supra - California - Neutral
  • Published on May 23, 2025

    Former bank executive pleads guilty to swindling $2M in check kiting fraud scheme

    EAST ST. LOUIS, Ill. – The former second-in-command of the Bank of O’Fallon appeared in federal court Monday to admit to charges for engaging in a fraud scheme to obtain more than $2 million. Andrew P. Blassie, 69, of St. Louis, pleaded guilty to one count …

    Source: Mount Carmel Register - Illinois - Pending
  • Published on May 23, 2025

    Bank OZK

    Thursday, May 22, 2025 7:16 PM EDT Image Source: Pexels Ernest Hemingway wrote in his 1926 novel The Sun Also Rises, “How did you go bankrupt? Two ways. Gradually, then suddenly.” Artificial Intelligence (AI) tells me this snippet of dialogue between Mike …

    Source: myMotherLode - Pending
  • Published on May 22, 2025

    WT’s Second Powell Fellow Named; Will Continue Research into Cyst Treatment

    CANYON, Texas — A West Texas A&M University engineering professor is the University’s second Twanna M. Powell Fellow, receiving $50,000 to further his research into materials that may help advance treatment options for cysts and seromas in humans and …

    Source: Borger News-Herald - Texas - Pending
  • Published on May 22, 2025

    Preferred Bank Announces Stock Buyback

    LOS ANGELES, May 22, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the shareholders have approved a new $125 million stock repurchase plan. Also, on May 8, 2025, …

    Distribution channels: Banking, Finance & Investment Industry ...

02 days 06:50:22

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