April 21, 2014 3:25 AM ET

Diversified Financial Services

Company Overview of Federal Deposit Insurance Corporation

Company Overview

Federal Deposit Insurance Corporation is a United States federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. The FDIC provides coverage for deposits in national banks, in state banks that are members of the Federal Reserve System, and in other qualified state banks. Federal Deposit Insurance Corporation also supervises the Savings Association Insurance Fund, the agency that was created to provide coverage for savings and loan associations. The institution was founded in 1933 and is headquartered in Washington, District Of Columbia. It has regional offices all over the United States.

550 17th Street, NW

Washington, DC 20429-0002

United States

Founded in 1933

Phone:

202-393-8400

Fax:

202-898-3772

Key Executives for Federal Deposit Insurance Corporation

Deputy to the Chairman and Chief Financial Officer
Chief Operating Officer
Deputy to the Chairman for External Affairs
Chief Risk officer
Chief Information Officer
Compensation as of Fiscal Year 2013.

Federal Deposit Insurance Corporation Key Developments

Federal Deposit Insurance Corporation Presents at SBIA 2014 Western Private Equity Conference, Apr-17-2014 10:30 AM

Federal Deposit Insurance Corporation Presents at SBIA 2014 Western Private Equity Conference, Apr-17-2014 10:30 AM. Venue: InterContinental Century City Hotel, 2151 Avenue of the Stars, Los Angeles, CA 90067, United States. Speakers: Emerson Hall.

Federal Deposit Insurance Corporation Announces Management Changes

Federal Deposit Insurance Corporation announced the retirement of Thomas J. Dujenski as Atlanta's Regional Director effective May 3, 2014. Mr. Dujenski has overseen the FDIC's bank supervision activities in Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia, and West Virginia since 2010. Michael J. Dean (Mike), a 27-year veteran of the FDIC with examiner commissions in both risk management and consumer protection, will serve as Acting Regional Director. Mike is currently Deputy Regional Director and is responsible for the Atlanta Region's Depositor and Consumer Protection Program, and he previously served as Deputy Regional Director for both risk management and consumer protection.

The Federal Deposit Insurance Corp Sues Sixteen Banks for Rigging Libor Rate

The Federal Deposit Insurance Corp. sued sixteen of large banks, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. The global financial institutions broke certain swaps contracts they had entered into with the now-closed banks, by separately colluding to rig the Libor rate to which the contracts were tied. Some of the banks accused in the lawsuit, including Barclays and UBS, have already paid some USD 6 billion to resolve charges from U.S. and European authorities that they worked to manipulate benchmark interest rates. The banks named as defendants include Bank of America Corp, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings PLC, JPMorgan Chase & Co, and Royal Bank of Scotland Group PLC.

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