Skip to Primary Navigation

Regulatory standoff tests contours of deposit reporting

Capital One Headquarters
Photo: J. David Ake/Getty Images

FDIC counterclaim against Capital One turns technical disagreement over uninsured deposit reporting into one of the most consequential test cases of post-crisis assessment rules.

The aftershocks of the 2023 collapses of Silicon Valley Bank and Signature Bank continue to reverberate through the US regulatory landscape. The latest tremor comes from a courtroom in Virginia, where the Federal Deposit Insurance Corporation (FDIC) has filed a sweeping counterclaim against Capital One.

The agency asserts that the bank