In December 2024, the FDIC board voted to explore legal action against SVB leadership, citing mismanagement of investment portfolios, excessive risk exposure and improper dividend payments to the ...

In July, FDIC board member Rohit Chopra described the FDIC's lack of oversight of passive asset manager stakes as "highly inappropriate" and a shirking of "the responsibility Congress entrusted to ...

In a Jan. 10 speech to the American Bar Association, Acting Chair Hill — who was then-Vice Chair of the FDIC board before his appointment on Monday — foreshadowed Tuesday's decision, saying he wants ...

All in all, it’s a highly favorable backdrop for banks, as witnessed by a rising balance in the FDIC insurance fund ... a tally by the Financial Stability Board cited by Gruenberg in a 2023 ...

Notably, FDIC board members, including Jonathan McKernan and Rohit Chopra, argued for more rigorous oversight. They highlighted the risks of concentrated ownership in a few hands and the ...

(In July, the FDIC board approved proposals to amend changes to the Bank Control Act regulations.) In the wake of the collapse of Silicon Valley Bank, the FDIC wanted asset managers with stakes in ...

He has served as the FDIC's vice chair since 2023. He previously was a senior adviser to then-FDIC Chairman Jelena McWilliams, who led the agency during Trump's first term. Hill takes over from ...