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 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 ...

(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 ...

The FDIC board in September leaned toward requiring more details from merging banks, such as how much of a bank’s business is taken up by small-business or residential loan originations.

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 ...

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary ...

Implementation of these measures would generally require approval by a majority of the FDIC board, and in some cases might also require agreement of other bank regulators. The President should be ...

Two FDIC board members in particular – Republican Jonathan McKernan and CFPB Director Rohit Chopra, a Democrat – pushed, throughout 2024, for tougher guidelines governing passivity agreements.

FDIC board members Jonathan McKernan and Rohit Chopra, director of the Consumer Financial Protection Bureau, have sought more oversight of the index fund giants. They say that their size and ...

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 ...