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 changes did Bank of America announce regarding their data metrics?

In what ways might the absorption of one bank by another affect data reporting?