United States President-elect Donald Trump's team is allegedly exploring ways to reduce or eliminate top bank regulator agencies, according to a report by the Wall Street Journal.Trump advisers and officials from the new Department of Government Efficiency (DOGE) have reportedly asked candidates...
Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg (pictured) communicated to employees through an email on Tuesday his plan to step down from his position on January 19.
"Earlier today I informed the President that I will retire as Chairman and Member of the Board of...
The United States Federal Deposit Insurance Corporation (FDIC) rejected Citigroup Inc.'s "living will," a legal report filed annually with US regulators meant to guide that company's process of liquidation under the US bankruptcy code, should it fail, the Financial Times reported.The FDIC's...
United States President Biden announced his intent to nominate Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero, as Federal Deposit Insurance Corporation's (FDIC) new chair and member, the White House showed on Thursday, confirming previous reports...
The White House is supposedly close to naming derivatives regulator Christy Goldsmith Romero as the new head of the Federal Deposit Insurance Corporation (FDIC) as a replacement for the banking agency’s longtime chairman Martin Gruenberg, the Wall Street Journal reported.Gruenberg...
Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg (pictured) offered to resign on Monday after an external investigation found evidence of sexual harassment, discrimination and bullying at the agency, the Wall Street Journal reported."In light of recent events, I am prepared to...
The United States Federal Deposit Insurance Corporation (FDIC) published on Thursday a policy proposal aiming to more closely review big bank mergers. It proposed holding hearings for mergers resulting in an entity worth at least $50 billion. "The FDIC may also hold public or private meetings...
The United States Federal Deposit Insurance Corporation announced on Wednesday that total deposits made at commercial banks and savings institutions that the FDIC insures were down $90.4 billion, or 0.5%, in the third quarter of 2023 compared to the previous three-month timespan. The...
The Federal Deposit Insurance Corporation (FDIC) revealed in its report released on Friday that "a loss of market and depositor confidence, resulting in a bank run" led to First Republic Bank's failure.
The document noted that certain aspects of First Republic's business model, which include "rapid...
US banking regulators presented a plan on Tuesday to force regional banks to issue debt to cover depositors in case of future failures, according to a joint statement from the Department of the Treasury, Office of the Comptroller of the Currency (OCC), Federal Reserve (Fed), and Federal Deposit...
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