The Latest Breaking News from FDIC

The Federal Reserve is expected to raise interest rates by 1.5% by the end of July. With the SPDR S&P 500 ETF Trust (NYSE: SPY) down more than 20% from its highs, money market accounts may soon become more attractive to investors and savers in a volatile economic climate.

Thompson asked the judge to give him probation instead. The two sides made their recommendations Monday ahead of Thompson’s sentencing before U.S. District Judge Franklin Valderrama, which is set for July 6.

Netflix's "The G Word" host tells Salon government is "astonishing" when it works and how to stop doomscrolling

AFC Gamma, Inc. (NASDAQ: AFCG) has entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.

At least $60 billion in online fraud occurs annually, but faulty enforcement helps fraudsters escape punishment

WASHINGTON — Firms that issue or trade stablecoins are looking to secure banking licenses, largely as a signal to customers that the coins are safe as bank deposits.

Firms that issue or trade stablecoins are looking to secure banking licenses, largely to signal that the coins are safe as bank deposits.

If you want to keep your savings safe but they exceed FDIC and NCUA limits, it's time to open multiple accounts, preferably ones with high yields.

Advocates of postal banking say a current trial is a dud and are eyeing a House appropriations bill that would set up a new test.

The jury heard roughly three-and-a-half days of testimony in Thompson’s trial last week, mostly from government witnesses. The trial began nine months after the feds hit Thompson with an indictment charging him with two counts of lying to regulators and five counts of filing false federal income-tax returns.

A federal prosecutor told the jury that "no one is so big, no one is so important, that they can’t be held accountable for their criminal conduct."