Federal Deposit Insurance Corp

US Banks’ Profits Up 7.7 Percent in Q4; Lending Grows

Darryl Hood,
Posted:

by Darryl Hood

U.S. banks’ earnings in the final quarter of 2016 rose 7.7 percent from a year earlier, as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015. The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the industry more than eight years after the financial crisis…

Chinese Government Suspected of Hacking into FDIC Computers

Darryl Hood,
Posted:

by Darryl Hood

The Chinese government is believed to have hacked into computers at the Federal Deposit Insurance Corp. in 2010, 2011 and 2013, including the workstation of then-FDIC Chair Sheila Bair, a congressional report says. The report issued Wednesday by the Republican majority staff of the House Science, Space and Technology Committee cites a May 2013 memo from the FDIC inspector general…