Caucasus FDIC Newswire

SoFi’s Galileo Helps Fintechs Extend FDIC Insurance Beyond the Coverage Limit

Galileo launched Deposit Sweep to help fintechs extend FDIC insurance protection and offer higher interest earnings by partnering with a network of banks. The tool automates the movement of funds across banks once a balance hits a set threshold to maximize …

ARFF Working Group Holds Second FDIC International Summit

The Aircraft Rescue & Fire Fighting Working Group (ARFFWG) hosted its second ARFF Summit April 8-9 at the Indiana Convention Center at FDIC International 2025.  “We will give fire departments and airports tools to address organizational barriers and …

FDIC 2025: Tuesday at the H.O.T. Sites

OCC Withdraws Climate Risk Management Principles

On March 31, 2025, the Office of the Comptroller of the Currency withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions (the “Climate Principles”). This action was widely …

Op-ed: Regulated finance needs to build trust with Gen Z

Misinformation and lack of trust in traditional institutions runs rampant in our society. The regulated financial sector is no different, particularly among young people. Roughly 38% of Gen Zers get financial information from YouTube, and 33% from TikTok, …

FinReg Currents - Week 12

Navigating Changes in the First 100 Days of the Second Trump Administration Each week of the first 100 days of the new Trump administration, we will publish updates on key federal financial services regulatory and related developments. This week, we review …

5 Ultra-Safe Bear Market Investments For Baby Boomers Looking To Protect Retirement Funds

Investing PeopleImages / iStock via Getty Images While getting to retirement age can be a blessing, the reality of counting on the U.S. government to provide for your needs is not the best idea. The full retirement age is 66 if you were born from 1943 …

Daily Financial Regulation Update -- Friday, April 11, 2025

Congress U.S. Senate Committee on Banking, Housing and Urban Affairs Nomination Hearing April 10, 2025 The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on the following nominations: Mr. Andrew Hughes, to be deputy secretary, …

Bond Sell-Off Sparks Interest in Fixed Income Alternatives

For many advisors and investors, bonds traditionally serve as capital preservation instruments to strengthen portfolios during market volatility. So, what are the implications if bonds no longer function as a reliable risk-mitigation asset class? When …

Edward Jones takes second stab at creating its own bank

After a failed 2020 bid, the firm's parent company is once again seeking federal and state approval as it seeks to more fully address clients' needs. Several years after its first attempt to launch an industrial bank, Edward Jones is trying again …

Legal Brief: Lessons Learned from a Bank Robbery

While this is common when an incident occurs, the bank’s refusal to accept any responsibility was especially unjustifiable in these circumstances because, as a matter of federal law, the bank had its own security obligations. Specifically, the Bank …

Trump acknowledged he could cause a recession, but just didn't want a depression, according to WSJ

President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal. Trump privately said he was aware that his broad and steep plan for levies unveiled last week could …

The Jones Financial Companies, L.L.L.P. Submits Application for Industrial Bank Charter to Complement Existing Banking ...

ST. LOUIS, April 11, 2025 /PRNewswire/ -- The Jones Financial Companies, L.L.L.P. announced today that it has submitted an application to the Federal Deposit Insurance Corporation (FDIC) and Utah Department of Financial Institutions (UDFI) to …

Chase Bank gains approval for new CT branches

JPMorgan Chase Bank will continue its branch expansion in Connecticut this year. The New York-based money-center lender has gained approval from the Office of the Comptroller of the Currency to open branches in Cheshire and Torrington.  In November, the …

JPMorgan Stock Traders Notch Record Revenue on Market Chaos

(Bloomberg) -- JPMorgan Chase & Co.’s stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January. Most Read from Bloomberg The …

Trump is about to target something far more terrifying than tariffs

When I was a teenager, my dad decided it was a good idea to keep as much cash as possible in the bedroom safe. I don’t remember exactly when this was, but it was probably around 1987. That’s when the stock market crashed so badly that people feared another …

These are the fastest-growing banks based in Tampa Bay

The banks in Tampa Bay hold more than $84 billion in total combined deposits as of Dec. 31, 2024, marking a 1% increase over what was reported in the year-earlier period. This week's List is part of a shift in our research methodology and philosophy in …

Here are the 50 fastest-growing banks in Tampa Bay by deposits

The banks in Tampa Bay hold more than $8.4 trillion in total combined deposits as of Dec. 31, 2024, marking a 1% increase over what was reported in the year-earlier period. The online version of this ranking expands beyond what appears in print; another 10 …

Fastest-Growing Banks on the First Coast

The banks in Jacksonville with the fastest-growing commercial and industrial loan portfolios reported loans valued at $5.48 trillion as of Sept. 30, marking a 167.46% increase over what was reported in the year-earlier period. The online version of this …

RDCS Joins Premier MSP Consortium, The 20, to Drive Growth and Expand Service Capabilities

Collaboration with The 20 Enhances RDCS’s Ability to Deliver Enterprise-Grade IT Services Locally ALLENTOWN, PA, UNITED STATES, April 13, 2025 /⁨EINPresswire.com⁩/ -- RDCS, a leading cybersecurity-first managed IT services provider based in …

04-12-25 LAW NEWS RELEASE – Gun Buyback Program

  STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI   DEPARTMENT OF LAW ENFORCEMENT KA ʻOIHANA HOʻOKŌ KĀNĀWAI   JOSH GREEN, M.D. GOVERNOR KE KIAʻĀINA   MIKE LAMBERT DIRECTOR KA LUNA HOʻOKELE   OʻAHU COMMUNITY GUN BUYBACK PROGRAM NETS 367 FIREARMS Residents Received …

Speaker and Communication Expert Dr. Christy Iwuchukwu Launch Cutting-Edge ‘Speak to Lead’ Executive Program

Dr. Christy Iwuchukwu launches Speak to Lead, a program empowering leaders to communicate with confidence and adapt to change effectively. SACRAMENTO, CA, UNITED STATES, April 12, 2025 /⁨EINPresswire.com⁩/ -- In today’s rapidly evolving world— …

Statement from Britt Kulczycki, CEO of The ENER-G GROUP, on U.S. Tariffs

Statement from Britt Kulczycki, CEO of The ENER-G GROUP, on U.S. Tariffs and Their Impact on Global Equipment Supply and Client Relationships CALGARY, ALBERTA, CANADA, April 12, 2025 /⁨EINPresswire.com⁩/ -- As global economies grapple with rising …

California Governor Candidate Sharifah Hardie Removed from 2026 Wikipedia Gubernatorial Candidate List

Sharifah Hardie, a 2026 CA Governor candidate, was removed from Wikipedia’s election list despite an active campaign and public platform. LONG BEACH, CA, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- California gubernatorial candidate …

Wolf River Electric Completes Solar Panel Installation for New Ulm EDA Public Housing Project

ISANTI, MN, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- Wolf River Electric, a Minnesota-based solar contractor, announces the completion of a solar panel installation project for the New Ulm Economic Development Authority (EDA), …

FCC Victorville Prison Staff Members Hospitalized After Drug Exposure

VICTORVILLE , CA, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- Two staff members at the United States Penitentiary Victorville were rushed to a local hospital on Wednesday evening, April 9, 2025, after exposure to an unknown substance. …

Honoring the Legacy of Veteran Entrepreneurship: NVBDC and the Data That Proves It Works

DETROIT, MI, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- Twenty-five years ago, William (Bill) Elmore laid the foundation for a future where veteran entrepreneurs were no longer left to chance. As the founding Associate Administrator for …

Honduran Man Extradited for Role in International Drug Smuggling Conspiracy

Extensive coordination and cooperation between U.S. and Honduran law enforcement authorities resulted in the extradition of a Honduran national for his alleged role in a conspiracy to smuggle drugs from Honduras to the United States. According to court …

California Restaurant Owner Sentenced for COVID-19 and Tax Fraud Schemes

A San Diego restaurant owner was sentenced today to 42 months in prison for schemes to defraud COVID-19 relief programs and filing false tax returns. According to court documents and evidence presented at trial, Leronce Suel was the majority owner of …

News Release – DOH Reports Sixth Travel-Related Dengue Virus Case of 2025

      STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI   DEPARTMENT OF HEALTH KA ʻOIHANA OLAKINO JOSH GREEN, M.D. GOVERNOR KE KIA‘ĀINA KENNETH S. FINK, M.D., MGA, MPH DIRECTOR KA LUNA HO‘OKELE DOH REPORTS SIXTH TRAVEL-RELATED DENGUE VIRUS CASE OF 2025 FOR …

Decision Lens Hires Joe Nay to Serve as Senior Vice President, Veterans Affairs

ARLINGTON, VA, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- Decision Lens is excited to announce the appointment of Joe Nay as Senior Vice President, Veterans Affairs. Joe brings more than 25 years of leadership experience in the federal …

TravelingWiki Named Top 100 Most Impactful NonProfits In the World; Search Trending Above Presidents Obama, Biden, Trump

TravelingWiki Now Offers Free Resources in English, Spanish, French, German, Mandarin, Japanese, Hebrew, Arabic, Portuguese, Hindi, Twi, Vietnamese & Russian LOS ANGELES, CA, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- To commemorate …

STARRS Town Hall Covers Ideological Resistance to Military Reforms

STARRS quarterly Town Hall meeting on April 9, 2025 COLORADO SPRINGS, CO, UNITED STATES, April 11, 2025 /⁨EINPresswire.com⁩/ -- STARRS held its quarterly Town Hall meeting on April 9, 2025, featuring special speakers Sam Shoemate, a retired Army …

Justice Department Implements Critical National Security Program to Protect Americans’ Sensitive Data from Foreign ...

Today, the Justice Department took significant steps to move forward with implementing a critical program to prevent China, Russia, Iran, and other foreign adversaries from using commercial activities to access and exploit U.S. government-related data and …

Unlawful Illinois DEI Scholarship Program Suspended After Justice Department Threatened Lawsuit

WASHINGTON—Today, the Justice Department announced that it has acted to end the state of Illinois’ unlawful minority-only scholarship program.  After the Justice Department threatened to file suit, the state and six universities suspended the program. On …

Pennsylvania Man Charged with Making Threats to Assault and Murder President Donald J. Trump, Other U.S. Officials, and ...

Shawn Monper, 32, a resident of Butler, Pennsylvania, has been charged by federal criminal complaint with making threats to assault and murder President Donald J. Trump, other U.S. officials, and U.S. Immigration and Customs Enforcement (ICE) agents. “I …

Department of Justice Terminates Environmental Justice Settlement Agreement, Advancing President Trump’s Mandate to End ...

Today, the Department of Justice announced that that its Civil Rights Division will immediately close an “environmental justice” matter. Effective immediately, the division will terminate the environmental justice settlement agreement that stemmed from the …

Owner Of Florida Health Care Companies Sentenced for Employment Tax Crimes

A Florida man was sentenced today to 18 months in prison, two years of supervised release, and ordered to pay $4,381,265.76 in restitution to the United States for willfully failing to pay over employment taxes and willfully failing to file individual …

Missouri Gang Member Indicted for Murder in Aid of Racketeering and Other Crimes Including Three Murders

A federal grand jury in the Eastern District of Missouri returned an indictment on Wednesday charging Travis Santel Jones, 21, of St. Louis, Missouri, with one count of murder in aid of racketeering, RICO conspiracy, using a firearm during a crime of …