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FDIC data reveals insured institutions reported net income of $70.8 billion for Q2 2023
Portfolio is understood to have been run by Signature Bank before its collapse
Action follows former president and CEO Ashton Ryan Jr’s fraud trial earlier this year
Office of Inspector General calls for better data management, communication, and supervision after failings identified
The FDIC has set out its proposal for how to fund the losses incurred from March’s banking collapses
In the wake of major bank collapses, businesses could get access to higher deposit protection limits under new rules proposed by the FDIC
The FDIC says it remains on track to restore the Deposit Insurance Fund to its minimum size, despite last month’s bank failures


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