FDIC Gives BlackRock New Deadline to Resolve Banking Oversight Questions – PYMNTS.com
asset manager black rock is reportedly facing new deadlines over investments in government-backed banks. of The company missed the Jan. 10 deadline issued by the federal government. Federal Deposit Insurance Corporation (FDIC) and now has until February 10 to resolve issues related to the company's oversight of bank investments.Bloomberg News reported Sunday (January 12), citing […]
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 […]