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2 mins read
Ballooning US debt could cause the next financial crisis and neither candidate has a plan to address it, former FDIC Chair says
Policy proposals from both Trump and Harris would add trillions to US debt, which could hurt invest…
Kelly Cloonan
2 mins read
FDIC chairman Martin Gruenberg to resign following investigations into sexual harassment at the bank regulator
President Joe Biden is set to nominate a new FDIC chair after independent and congressional scrutin…
Shubhangi Goel
2 mins read
Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says
"This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve b…
Matthew Fox
2 mins read
The FDIC is a 'boys club' where some senior execs pursued romantic relationships with their staff, says new report
The bank regulator has taken no action on dozens of harassment complaints and moves wrongdoers arou…
Meghan Morris
2 mins read
After US bank failures, agencies directed to analyse deposit insurance mechanism
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Mar…
ANI
2 mins read
Big name investors like Bill Ackman are calling on the FDIC to insure all deposits, but that would only cost banks' customers more, former FDIC chair says
"You can change the limit to whatever number you want, and you're not going to prevent what happene…
Jennifer Sor
4 mins read
SVB Bank failure serves as a wake-up call for Indian startups
The French say "Plus ça change, plus c'est la même chose" - which means that the more things change…
2 mins read
New York's Signature Bank collapses, becomes 2nd US bank to be shut down
New York-based Signature Bank was closed by the state regulators, becoming the second US bank after…
ANI
3 mins read
Silicon Valley Bank depositors will have access to their money starting Monday: US Treasury Secretary
In a step aimed at protecting the US economy by strengthening public confidence in the country's ba…
PTI
1 min read
The biggest banks will pay to replenish the FDIC's deposit insurance fund, report says
The FDIC's insurance fund has withered this year amid the slew of bank failures, with Silicon Valle…
Jennifer Sor
3 mins read
An FDIC supervisor reportedly invited staff to a strip club and senior bank examiners texted nude pics to female employees. They're still employed.
WSJ interviewed over 100 current and former FDIC staff about the agency's work culture.
Grace Kay
3 mins read
Startups hoping for quick resolution of SVB crisis post FDIC intervention
"FDIC's communication yesterday saying all depositors will get access to their funds is a relief to…
PTI
1 min read
Billionaire investor Bill Ackman warns more banks will fail unless the FDIC insures all deposits
"The FDIC's failure to update and expand its insurance regime has hammered more nails in the coffin…
George Glover
1 min read
FDIC mistakenly releases confidential information on Silicon Valley Bank depositors, revealing major tech giants that benefitted from government help
One of the failed bank's biggest clients was Sequoia Capital, a tech firm that backs giants like Ap…
Katie Hawkinson
2 mins read
The Silicon Valley Bank crisis is 'clearly' a bailout, says former FDIC chairman William Isaac
"It's not a bailout of the shareholders. They're getting wiped out. That's great, and they should b…
Cheryl Teh
1 min read
SVB Financial accuses FDIC of 'improper actions' to block the firm from accessing $2 billion of its cash
SVB Financial Group said it can't access $2 billion of its cash deposited at the collapsed Silicon …
Zinya Salfiti
1 min read
The FDIC might make big banks fill the $23 billion hole left by its rescue of SVB and Signature Bank
Big banks may face a special assessment after the March bank failures blew a hole in the FDIC's dep…
Carla Mozée
2 mins read
Big banks may cover 95% of the cost to refill the $16 billion hole blown in the FDIC's deposit insurance fund by bank failures
The FDIC wants to start imposing a fee on 113 banks to replenish the fund it uses to insure deposit…
Carla Mozée
6 mins read
What is the FDIC?
The FDIC is an independent US organization that deposit insurance to consumers and holds banks acco…
Jackie Lam
1 min read
The FDIC is warning banks about crypto risk and wants firms to notify the regulator about their activities in the space
The regulator wants to evaluate the safety and soundness, consumer protection, and financial stabil…