The Latest Breaking News from FDIC

Firms that issue or trade stablecoins are looking to secure banking licenses, largely to signal that the coins are safe as bank deposits.

Advocates of postal banking say a current trial is a dud and are eyeing a House appropriations bill that would set up a new test.

The jury heard roughly three-and-a-half days of testimony in Thompson’s trial last week, mostly from government witnesses. The trial began nine months after the feds hit Thompson with an indictment charging him with two counts of lying to regulators and five counts of filing false federal income-tax returns.

A federal prosecutor told the jury that "no one is so big, no one is so important, that they can’t be held accountable for their criminal conduct."