Martin Gruenberg News
21.05 / 11:52
UPS
Fighting
Election
President
track
reports
Discrimination
FDIC chair to quit after scathing report on toxic culture
Martin Gruenberg will step down as head of the Federal Deposit Insurance Corp. after findings of a toxic work environment put the regulator at the center of a heated political fight and fueled calls for his removal.
21.05 / 11:51
UPS
President
gay
reports
Department
rights
The White House says FDIC chairman to step down following report on agency's toxic workplace culture
The chairman of the Federal Deposit Insurance Corporation will step down from his post once a successor is appointed
21.05 / 09:05
Binance
SEC
crypto regulation
Regulations
reports
Investigations
FDIC Chairman Martin Gruenberg Steps Down Following Toxic Workplace Culture Report
Martin Gruenberg, the chairman of the United States Federal Deposit Insurance Corporation (FDIC), to step down from his position following an investigation that exposed a toxic workplace culture at the bank regulator.
16.05 / 18:07
UPS
Extreme
gay
reports
prevention
Discrimination
FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture
Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week
07.05 / 22:25
Provident
Career
Patrick
wellness
reports
Discrimination
International
FDIC report outlines 'misogynistic,' 'patriarchal' 'good ol' boys' workplace culture
Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct," and questions whether the agency's chairman is credible to lead the agency through a cultural transformation. The report released Tuesday by law firm Cleary Gottlieb Steen & Hamilton outlines incidents of stalking, harassment, homophobia and other violations of employment regulations.
21.03 / 18:21
14.11 / 20:25
14.11 / 19:27
Action
Fighting
economy
reports
US bank regulators defend planned capital hikes to skeptical lawmakers
By Pete Schroeder and Michelle Price
14.11 / 16:03
Reuters
performer
2020
reports
recommendations
prevention
US lawmakers
US lawmakers demand FDIC watchdog briefing on workplace culture
(Reuters) — Republican lawmakers on the House Financial Services Committee said Tuesday they were calling for an urgent briefing from a government watchdog to address reported allegations of pervasive sexual harassment at the Federal Deposit Insurance Corporation (FDIC).
07.09 / 16:01
29.08 / 18:11
14.08 / 18:29
Remark
US Federal Deposit Insurance Corp to propose 'comprehensive' changes to regional bank living wills
(Reuters) — A coming regulatory proposal will overhaul how large, regional banks prepare living wills for the event of their own failures, U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg said Monday.
22.06 / 19:49
Provident
SVB
Fed Chair Powell says smaller banks likely will be exempt from higher capital requirements
New rules expected to require that banks keep more capital almost certainly won't apply to smaller institutions, Federal Reserve Chairman Jerome Powell said Thursday.
02.06 / 03:23
collapses
Agency
Warning
US Consumer Protection Agency Issues Warning on Payment Apps Following Collapses of Crypto Firms, Banks
The US Consumer Financial Protection Bureau issued a warning on Thursday for people using person-to-person services to store funds, reminding them that they are not federally insured, in the wake of FTX and multiple bank collapses.
16.05 / 15:39
29.03 / 21:47
regulation
Insurance
Congress
Signature Bank
crypto deposits
week
FDIC plans to return $4B in Signature crypto deposits 'by early next week' — Martin Gruenberg
Martin Gruenberg, chair of the United States Federal Deposit Insurance Corporation, has said the FDIC plans to return roughly $4 billion in deposits connected to Signature Bank’s digital asset banking business by early April.
28.03 / 20:43
regulation
Banks
Federal Reserve
banking
hearing
Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing
The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and Treasury testified. FDIC chair Martin Gruenberg spoke about the causes of the failures of Silicon Valley Bank (SVB) and Signature Bank, including the role of digital assets, and the agency’s responses to the crisis.
24.03 / 21:55
Waters
CEO
Landmark
Strategy
Remark
SVB
AIM
boost
lawmakers
Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector
WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim to increase Americans' confidence in the banking industry after Silicon Valley Bank and Signature Bank collapsed over the last two weeks.
20.03 / 23:33
Binance
European Union
Banks
Congress
Court
Silicon Valley
In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.
A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court. The company is no longer affiliated with Silicon Valley Bank, which operates under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC) and is not included in the Chapter 11 filing. Meanwhile, the United Kingdom arm of the bank was acquired by HSBC for 1 British pound.
19.03 / 14:31
business
Government
regulation
us government
FTX
Court
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.
18.03 / 01:53
regulation
Banks
Congress
Silicon Valley
Signature Bank
hearing
Congress announces March 29 hearing into failures of SVB and Signature Bank
Representatives from the Federal Deposit Insurance Corporation and Federal Reserve will be testifying before the United States House Financial Services Commission in a newly announced hearing investigating the collapse of two major banks.
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