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FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes

May 15 2024 // U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture and his own mistreatment of employees.Testifying before Congress, Gruenberg said he...

US Probe Finds Widespread Sexual Misconduct at FDIC

May 8 2024 // The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the...

FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny

Mar 21 2024 // Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday.The...

Over 350 People Contact Law Firm Reviewing FDIC Workplace Culture

Feb 16 2024 // More than 350 people have contacted an outside law firm reviewing workplace culture at the U.S. Federal Deposit Insurance Corporation in the wake of media reporting last year on allegations of persistent sexual harassment,...

SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue

Jul 10 2023 // Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that the regulator seized while it took over Silicon Valley Bank in March, a filing in a bankruptcy court on...

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