A bid summary released by the FDIC Tuesday showed the $129.3 million winning bid was 36 percent less than the highest offer.

Summary: Popular Direct Bank launched in 2016 as the online-only division of Popular Bank. The company’s roots date back to 1893 with the founding of Banco Popular de Puerto Rico (BPPR).

WASHINGTON (Reuters) - Several employees were fired from the Federal Deposit Insurance ... Relatedly, the FDIC's inspector general warned in a 2024 report that 36% of the agency's workforce ...

WASHINGTON, Feb 18 (Reuters) - Several employees were fired from the Federal Deposit Insurance ... Relatedly, the FDIC's inspector general warned in a 2024 report, opens new tab that 36% of ...

"These cuts threaten the reliability and integrity of federal deposit insurance and inhibit the FDIC's capacity to ensure the stability and confidence that underpin our nation's banking system ...

March 3 (Reuters) - The Federal Deposit Insurance Corporation is planning to propose rolling back a Biden-era policy that ramped up the scrutiny of large bank mergers, the Wall Street Journal ...

Banks ended 2024 with strong earnings growth driven by lower costs, higher revenue streams, and improved investment performance, according to the Federal Deposit Insurance Corp.'s most recent ...

The Federal Deposit Insurance Corp. plans to propose rolling back a Biden-era policy that had stepped up scrutiny of large bank mergers, people familiar with the matter told The Wall Street ...

Summary: Launched by Green ... Several reviewers report difficulty in reclaiming their money after a fraudulent transaction. GO2bank is an FDIC-insured subsidiary of Green Dot Bank.

Challenges within the CRE sector are expected to grow in the coming years. Read more on CRE exposure and why investors should ...