FDIC Warns of Uninsured Deposit Errors at Some US Banks

The FDIC has increased scrutiny on banks' data reporting following a regional banking crisis. Many banks, including major ones like Bank of America, have had to revise their data. While there are no regulatory fines, investors are closely watching these changes. Major banks like JP Morgan, which absorbed First Republic's loan book, are also making adjustments. The current revisions seem to have caught most banks up, and further changes are not expected unless banks are involved in mergers or acquisitions.

What prompted the FDIC to scrutinize banks' data metrics more closely?

• A new regulatory policy

• The regional banking crisis

• A major financial scandal

• Pressure from international banks

What is the primary concern for investors regarding the revised data from banks?

• Accuracy of the data

• Impact on stock prices

• Changes in bank leadership

• Potential regulatory fines

Which major bank has stated that no further adjustments to their data metrics are expected?

• Bank of America

• Goldman Sachs

• First Republic

• JP Morgan

What might banks that are absorbing others need to do regarding their data?

• Close down branches

• Hire more staff

• Check and revise the absorbed bank's data

• Increase their loan offerings

Which bank is mentioned as absorbing the First Republic loan book?

• JP Morgan

• Bank of America

• Goldman Sachs

• Wells Fargo