White House to nominate Goldsmith Romero soon, aiming for July hearing, says Reuters source
The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week…
FDIC did not report allegations of senior officials’ misconduct ‘in a timely manner,’ watchdog says
The Federal Deposit Insurance Corp. failed to report allegations of senior officials’ misconduct in a timely manner, according to a…
FDIC Chair Martin Gruenberg to resign after damning workplace harassment probe
Federal Deposit Insurance Corp. Chair Martin Gruenberg announced Monday that he will resign after a recent probe found a widespread…
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or…
Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns
Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp.…
Why cautious investors may want to look beyond high-yield savings accounts
Cautious investors piling into cash may want to consider other options. According to SPDR Exchange Traded Funds’ Matthew Bartolini, active…
House Democrats release wave of bank reform bills
WASHINGTON — House Democrats on Wednesday will release a slate of reform bills in response to the recent bank failures…
Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling
WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and…
JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008
Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after…
