Federal Deposit Insurance Corporation

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Wednesday, November 29, 2023
Banking, Professional Services, Finance, ETF, Hamas, Terrorism, FTA, Federal Deposit Insurance Corporation, Investment, Risk, Internal Revenue Code, Federal, Adviser, Uncertainty, AIB (NI), Index, COVID-19, Prospectus, Credit, FTP, FINRA, London Interbank Bid Rate, Judgement, Infection, Loss, ERISA, Federal Reserve, Face, Volatility, LIBOR, Financial adviser, Bank, Security (finance), Fund

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • Volatility is the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period.
  • Such exposures could cause the Fund's net asset value to experience significant increases or declines in value over short periods of time.

Silvergate Capital Corporation Announces Full Repayment of Silvergate Bank’s Remaining Deposit Liabilities

Retrieved on: 
Wednesday, November 22, 2023
Banking, Professional Services, Finance, Federal Deposit Insurance Corporation, Risk, Central bank liquidity swap, Wind, Silvergate, China International Capital Corporation, Bank, Kazakhstan Deposit Insurance Fund, Silvergate Bank, Insurance

Every Bank depositor has been fully repaid without risk to the Deposit Insurance Fund.

Key Points: 
  • Every Bank depositor has been fully repaid without risk to the Deposit Insurance Fund.
  • Silvergate continues to focus on implementing the Bank Liquidation.
  • After the Bank repaid all deposits in full, the Company, on a consolidated basis, held excess cash and cash equivalent balances.
  • Therefore, there can be no assurance of the Company’s ability to maintain positive cash and cash equivalent balances or adequate capital and reserves through the Bank Liquidation.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Retrieved on: 
Monday, November 20, 2023
Consulting, Professional Services, Finance, MAKE, ETF, Federal Deposit Insurance Corporation, Nasdaq, Inc., Investment, Fraud, Dow Jones, Adviser, AIB (NI), FTP, S&P, FSMB, Judgement, DJIA, Government, Recession, Internal Revenue Code, Federal, LIBOR, Standard, FMB, Financial services, Infection, Loss, Federal Reserve, Face, MLP, Average revenue per user, Corporation, Risk, Book, Prospectus, Credit, Indian Sugar Mills Association, Zorg, S&P Global, Terrorism, FTA, Internal Revenue Service, S&P Dow Jones Indices, FCAL, Tax, Uncertainty, ETN, COVID-19, FINRA, London Interbank Bid Rate, ERISA, Real estate investment trust, Financial adviser, Bank, Life insurance, Security (finance), Public utility, Index, Fund

FTA has collective assets under management or supervision of approximately $187 billion as of October 31, 2023 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $187 billion as of October 31, 2023 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • A Fund's shares will change in value, and you could lose money by investing in a Fund.
  • However, unlike mutual funds, shares may only be redeemed directly from the Fund by authorized participants, in very large creation/redemption units.
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.

RBB Bancorp Announces Corrections to Third Quarter Earnings Release

Retrieved on: 
Tuesday, November 14, 2023
Banking, Professional Services, Finance, Pandemic, Earthquake, Disclosure, Terrorism, Bank Secrecy Act, Royal Business Bank, Bank, SOFR, Climate change, Risk management, Federal Deposit Insurance Corporation, Financial Accounting Standards Board, Community development, Consumer Protection Act, Annual report, Bank statement, FRB, Award, LIBOR, California Department, Weather, COVID-19, FDIC, Update, Acquisition, London Interbank Bid Rate, SBA, Risk, Fire, Information, Life insurance

The Company had previously announced in its quarterly earnings release that the Company’s noninterest income for the three months ended September 30, 2023 was $7.7 million, which included the full amount of the $5.0 million Award.

Key Points: 
  • The Company had previously announced in its quarterly earnings release that the Company’s noninterest income for the three months ended September 30, 2023 was $7.7 million, which included the full amount of the $5.0 million Award.
  • The Company subsequently determined that the income recognition should be deferred and not included in noninterest income for the interim period.
  • The Company has also made available on its website, www.royalbusinessbankusa.com , an updated investor presentation reflecting the corrected third quarter earnings results, which contains certain historical and forward-looking information relating to the Company.
  • RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California.

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Retrieved on: 
Monday, November 13, 2023
Banking, Professional Services, Finance, Terrorism, FTA, Federal Deposit Insurance Corporation, Internal Revenue Service, NAV, Fund, Security (finance), Average revenue per user, Reputational damage, Investment, Risk, ETF, Federal, Government, Internal Revenue Code, Tax, Bankruptcy, Inventory, MLP, Uncertainty, AIB (NI), Index, COVID-19, Prospectus, Indian Sugar Mills Association, FTP, Rule, FINRA, London Interbank Bid Rate, Environment, Judgement, Infection, Loss, ERISA, Federal Reserve, Failure, Face, Recession, LIBOR, Financial adviser, Bank, Life insurance, Cryptocurrency, Risk management, Insurance

FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

Key Points: 
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.
  • The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.
  • However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units.

UnidosUS and Wells Fargo Launch Awareness Program to Reach Unbanked Latinos

Retrieved on: 
Thursday, December 14, 2023
Federal Deposit Insurance Corporation, Policy, Bank on California, Senior, Consumer, Unidos, Wells Fargo, Child tax credit, Movement, UnidosUS, FDIC, City, Bank

The awareness campaign aims to make progress toward a more equitable, affordable, and accessible financial system for all.

Key Points: 
  • The awareness campaign aims to make progress toward a more equitable, affordable, and accessible financial system for all.
  • "We're excited to work with Unidos and the CFE Fund to help spread awareness of low-cost, affordable banking accounts for many unbanked and underserved Latinos.
  • UnidosUS, the CFE Fund, and Wells Fargo are launching this program by identifying  communities in which there are high concentrations of unbanked Latinos, help to increase awareness of Bank On certified accounts and connecting unbanked Latinos with these accounts, and develop policy that can support future efforts to reach the unbanked.
  • We're thrilled to partner with UnidosUS and Wells Fargo to test strategies to grow awareness of Bank On products for unbanked Latinos."

CREDIT ONE BANK EXPANDS DIGITAL BANKING PORTFOLIO WITH LAUNCH OF JUMBO HIGH-YIELD SAVINGS ACCOUNT

Retrieved on: 
Wednesday, December 13, 2023
Federal Deposit Insurance Corporation, Senior, Bank, Digital banking, Customer engagement, Credit One Bank, FDIC, APY

LAS VEGAS, Dec. 13, 2023 /PRNewswire/ -- Credit One Bank, a financial services company and one of the fastest-growing credit card issuers in the U.S., announced today the launch of its new Jumbo High-Yield Savings Account (JHYSA) offering a 5.05% APY* to qualified customers.

Key Points: 
  • Additionally, customers have 24/7 Account Access online and through the Credit One Bank Deposits mobile app.
  • Credit One Bank's digital banking portfolio also includes a Jumbo Certificate of Deposit (CD) and Jumbo Bump-Up Certificate of Deposit (Bump-Up CD).
  • "The new Jumbo High-Yield Savings Account expands Credit One Banks's digital offerings, giving customers more power than ever to grow their money."
  • Consumers can visit CreditOneBank.com/deposits to find information about each digital banking product including savings and CD rates, account benefits, terms and conditions, and account sign-up.

Guidehouse's Paul Phaneuf and Amanda Kane Recognized with NVTC Awards for Excellence in Tech

Retrieved on: 
Tuesday, December 12, 2023
Department of Defence, Federal Deposit Insurance Corporation, IAM, Justice minister, Justice, Federation, Access management, Private sector, Culture, Public sector, Identity, Digital, Veritas Capital, NVTC

WASHINGTON, Dec. 12, 2023 /PRNewswire/ -- Guidehouse, a leading global provider of consulting, digital and managed services to public sector and commercial clients, is proud to announce that Paul Phaneuf, Digital Services Segment leader, was recognized as a 2023 Northern Virginia Technology Council (NVTC) Tech100 Executive honoree. Additionally, Amanda Kane, Identity and Access Management (IAM) leader was recently honored as a 2023 NVTC Cyber50 honoree.

Key Points: 
  • Additionally, Amanda Kane, Identity and Access Management (IAM) leader was recently honored as a 2023 NVTC Cyber50 honoree.
  • The NVTC awards honors leading companies, entrepreneurs, executives and leaders who drive innovation, implement new solutions for customers, and contribute to the region's economic growth.
  • "We congratulate Paul and Amanda on these outstanding recognitions," said Scott McIntyre, Chief Executive Officer at Guidehouse.
  • A Great Place to Work® certified company globally, Guidehouse is widely recognized for its people, culture, support, flexibility, and leadership.

FinRegLab Report and Webinar Examine the Policy Implications of AI in Financial Services as Adoption Continues to Accelerate in Credit Underwriting and Other Use Cases

Retrieved on: 
Thursday, December 7, 2023
Machine learning, Comptroller, Research, Federal Deposit Insurance Corporation, Policy, Explainable artificial intelligence, Safety, Senior, Risk management, Data science, Consumer, Consumer protection, Consumer Financial Protection Bureau, Division, Intelligence, Bank, Financial services, Conversation, Internet, Empirical research, Regulation, AI, Business, Use, Fiddle, Medical device, Insurance, Management

The live webinar on January 17 will focus on both policy implications and recent market developments, bridging from the credit context to how financial institutions are approaching generative AI applications that can produce new content in response to queries.

Key Points: 
  • The live webinar on January 17 will focus on both policy implications and recent market developments, bridging from the credit context to how financial institutions are approaching generative AI applications that can produce new content in response to queries.
  • "As the pace of AI adoption increases, engagement between policymakers and other stakeholders is becoming increasingly urgent," said FinRegLab CEO Melissa Koide.
  • The new report considers the implications of machine learning underwriting models and new data science tools for compliance with federal laws governing consumer disclosures, fair lending analyses, and risk management.
  • Advanced registration is required for the January 17 webinar, "Getting Ahead of the Curve: Emerging Issues in the Use of AI and Machine Learning in Financial Services."

Compass UOL offers financial institutions new Gen AI solutions with AWS Financial Services Competency

Retrieved on: 
Friday, December 1, 2023
Data, American Bankers Association, Gen, Federal Deposit Insurance Corporation, SAN, Compass, Risk, Blockchain, Data Analytics Library, Digital, FedNow, RPA, FDIC, Software, UOL, FSI, AI, TÜV Nord, AWS, Medical device, Cryptocurrency, Bank

SAN FRANCISCO, Dec. 1, 2023 /PRNewswire/ -- Digital services company Compass UOL announced today it achieved the AWS Financial Services Competency and is offering its Gen AI tools to financial services institutions (FSIs) to speed up the evolution of their business on the cloud.

Key Points: 
  • Out of the limited number of companies capable of addressing AWS use cases in the financial services sector, Compass UOL stands out as the sole provider offering its proprietary Gen AI software engineering suite to expedite software development.
  • "Compass UOL is already helping financial institutions profit from generative AI," said Rockenbach, speaking of Compass UOL's approach.
  • Some of the cases involved complete solutions implemented using Gen AI to deliver strategic gains through a specialized financial services methodology empowered by AWS Data-Driven Everything (D2E) practice.
  • Compass UOL's technology talent training program, Compass Academy, was also key for obtaining the AWS Financial Solutions Competency.