Vanguard strikes deal with FDIC over huge holdings in US banks – Financial Times
Stay informed with free updates Just sign up for US financial regulation myFT Digest — delivered straight to your inbox. Vanguard has bowed to regulatory pressure and agreed to new oversight of investments in some U.S. lenders, a decision that could have far-reaching implications for asset managers and banks. The deal, unveiled Friday by the […]
FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses – The Daily Hodl
The number of U.S. banks with serious problems continues to grow, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its quarterly Bank Profile report, the FDIC states: say In the third quarter, the number of U.S. financial institutions on the “Problem Bank List” increased to 68. The figures mark the fifth […]
Trump aides mull abolishing FDIC as part of deregulation spree
Advisors to President-elect Donald Trump have publicly raised the possibility that the incoming administration will dissolve the Federal Deposit Insurance Corporation, amid signs that dramatic deregulation of the financial system is on the horizon, according to a report. are. Trump's transition team is busy considering ways to consolidate, shrink or even eliminate banking regulators in […]
FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19 – Cointelegraph
Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation and the architect of Operation Chokepoint 2.0, reportedly announced his retirement on January 19, the day before President Donald Trump took office. Reuters reported On Nov. 20, Gruenberg, a Democrat, acknowledged his resignation in a message to FDIC officials and said he had informed outgoing […]
Coinbase sues SEC, FDIC for information relating to crypto regulation
Faryar Shirzad, Chief Policy Officer at Coinbase, talks about the impact of custody on “The Claman Countdown.” According to information obtained by FOX Business, Coinbase is launching a new legal offensive against the Securities and Exchange Commission and the Federal Deposit Insurance Corporation in an attempt to obtain documents regarding the agencies’ efforts to regulate […]
US regulators chide four big-bank living wills, FDIC escalates Citi concerns – Yahoo Finance
Pete Schroeder WASHINGTON (Reuters) – U.S. banking regulators on Friday ordered Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase to strengthen their bankruptcy protection plans, with the Federal Deposit Insurance Corp (FDIC) raising concerns about Citi’s plan. Specifically, the Federal Reserve and the Federal Deposit Insurance Corp. said banks will need to revise their […]
'My kind of gal': Warren backs Biden FDIC nominee
Sen. Elizabeth Warren (D-Mass.) voiced her support for Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero after President Biden announced on Thursday that she would nominate her to lead the Federal Deposit Insurance Corporation (FDIC), replacing outgoing Chairman Martin Gruenberg. “She’s exactly what the FDIC needs,” Warren told reporters on Capitol Hill on Thursday. […]
Biden to nominate CFTC’s Christy Goldsmith Romero to lead FDIC
The White House announced Thursday that President Biden will nominate Christy Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission, to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation. The White House nomination comes after Grunberg, a Democrat, said in May he would step down once his successor was confirmed […]
Biden taps new FDIC chief after sexual harassment scandal
President Biden announced on Wednesday that he will nominate Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation (FDIC), replacing current FDIC Chairman Martin Gruenberg, amid an ongoing controversy over workplace misconduct. Romero has served as director of the CFTC, which oversees U.S. commodities and derivatives markets, since […]
Embattled FDIC Chairman Reportedly Prepared To Remain In Power For Months Following Resignation
After pledging to resign due to an investigation into the workplace, Federal Deposit Insurance Corporation Chairman Martin Gruenberg is preparing to remain in power for the foreseeable future, people familiar with the conversation told The Wall Street Journal. Law firm Cleary Gottlieb Steen & Hamilton concluded its investigation into the FDIC workplace in May, finding […]