fdic
Biden to nominate CFTC commissioner to lead 'toxic,' scandal-ridden FDIC
President Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation, the White House said.
FDIC chair Martin Gruenberg to resign after sex-harassment, misconduct at agency
Earlier in the day a top Democrat had called for the FDIC chair to be replaced after an external review found sweeping reports of employee mistreatment and sexual harassment.
Top Democrat calls for Biden to replace FDIC chairman to fix agency’s ‘toxic culture’
Up until Monday, no Democrats had called for Gruenberg’s replacement, although several came very close to doing so in their own statements.
FDIC Chair Martin Gruenberg apologizes for toxic workplace culture amid calls to resign
Chairman Patrick McHenry argued Gruenberg would not tolerate similar behavior from bank executives at firms his agency oversees.
Senator makes Labor Secretary Julie Su squirm over sex harassment at FDIC: 'No country for creepy old men'
Sen. John Kennedy pushed acting Labor Secretary Julie Su on Thursday to crack down on the “creepy old men” at the Federal Deposit Insurance Corporation (FDIC) after the scathing findings...
FDIC chair faces calls to resign after reports of rampant sexual harassment at bank regulator
Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing an influx of calls to resign after a blistering, 234-page report released Tuesday revealed widespread sexual harassment and...
FDIC probe finds widespread sexual misconduct occurred for years at bank regulator
An independent report also found evidence of widespread retaliation against employees who complained about supervisor misconduct, and little evidence that such retaliation was addressed.
Philly lender Republic First Bancorp seized by feds in latest regional bank collapse
The regional lender, which operated as Republic Bank, was reeling with higher costs and inability to improve profitability that prompted it to cut jobs and exit its mortgage origination business...
Biden's Big Brother teams are now watching what you BUY — hope you pay in cash
And if you didn’t want to be categorized as a “lone wolf” potential terrorist, you never should have bought that Bass Pro hat.
Citi to cut 20K jobs as bank posts worst fourth-quarter loss in 15 years
Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank reported its worst fourth-quarter earnings in 15 years Friday.
JPMorgan posts record profits for 2023 despite fourth-quarter hit
JPMorgan Chase's total net income for the year came in at $49.6 billion, the most ever in the history of American banking.
Pressure mounts on FDIC chief over handling of sexual misconduct allegations
Controversy has erupted after reports the FDIC had failed to eradicate widespread harassment in its workforce.
'No country for creepy old men': FDIC chief grilled over sex, nude pix at agency
FDIC Chairman Martin Gruenberg was grilled on Capitol Hill one day after a bombshell investigation revealed he has long been a toxic cesspool of misogyny.
FDIC bosses had sex with underlings, pressured female workers to drink and sent pics of genitals: probe
Male staffers at Federal Deposit Insurance Corp. have sent photos of their genitals to female colleagues, pressured them to drink and followed them back to their hotel rooms, according to...
SVB Financial sues US FDIC to recover $1.93B
SVB Financial owned Silicon Valley Bank before it was seized by the regulator in March, and the firm is attempting to sell its remaining assets in bankruptcy.
FDIC races to find buyer for collapsing First Republic Bank: report
Federal regulators are scrambling to find a buyer for First Republic Bank as the banking company's stocks continue to tumble, according to sources.
Struggling First Republic on verge of a takeover by feds
The banking regulator decided the troubled regional lender's position has deteriorated and there is no more time to pursue a rescue through the private sector, Reuters reported.
FDIC may force big banks to plug $23B hole from Silicon Valley Bank collapse
The FDIC is preparing a "special assessment" in May that will be aimed at safeguarding a $128 billion deposit insurance fund.
SVB parent accuses FDIC of cutting it off from cash
SVB Financial Group said Tuesday the Federal Deposit Insurance Corporation had taken "improper actions" to cut it off from cash held at its former subsidiary Silicon Valley Bank, which was seized by regulators to...
If bank crisis expands, feds can protect small lenders: Yellen
“The steps we took were not focused on aiding specific banks or classes of banks,” the treasury secretary will tell the American Bankers Association on Tuesday.