FDIC

Save, a fintech geared towards yield enhancement on savings, on Tuesday formally signed an agreement with Radius Bank, to power an FDIC-insured consumer checking account and the Save Debit Invest debit card for Savetech platform customers. As part of the development, Benzinga chatted with Save CEO...

With the S&P 500 at all-time highs and the global economic outlook getting more uncertain by the day, investors looking for a low-risk place to park their extra cash have few good options. An explosion of online banks has created a new source of competition for deposits, however, and choosy...

Comptroller of the Currency Thomas Curry announced that his office would consider applications from financial technology (fintech) companies to become special purpose national banks. The move would benefit firms providing online lending and smartphone payment, and they would boost competition...

It’s been nearly two months since revolutionary investing platform, HedgeCoVest, then in beta, was crowned overall winner at the Benzinga FinTech Awards in New York City. This week, as the company went “live,” HedgeCoVest founder and CEO, Evan Rapoport told Benzinga...

U.S. stocks appeared to run out of momentum, at least for the time being, after the the World Bank cut its global growth outlook. Citing a bitter winter in the U.S., a weaker outlook from emerging markets such as Russia and China, the World Bank expects the global economy to grow 2.8 percent...

Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...

Earlier this week, financial regulators rolled out a stream of harsh leverage ratios for the largest financial institutions across the country. The move could force some of the nation's largest banks to have to raise equity capital, sell assets, suspend dividend hikes, or postpone share buybacks...

Rafferty Capital analyst Dick Bove sees new banking regulation as a battle between the Fed and the FDIC. Bove also weighed in on Europe's growing interest in jailing bankers and talked about what we're going to be seeing from bank earnings on CNBC's Squawk Box on Tuesday morning. First Bove...

Next week, investors eyes will be on the economy as well as some key company earnings as markets attempt to continue to make new highs. In the past week, the S&P 500 Index breached its previous closing high of 1,565.40. Investors now look to economic indicators as to the next move for markets...