Latest Federal Deposit Insurance Corporation News

The White House says FDIC chairman to step down following report on agency's toxic workplace culture

May. 20, 2024 18:27 PM EDT

NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release earlier this month of a damning report about the agency’s toxic workplace culture. The White House said Martin Gruenberg...

The White House says FDIC Chairman Martin Gruenberg to step down following reports of agency’s toxic workplace culture

May. 20, 2024 17:42 PM EDT
WASHINGTON (AP) — The White House says FDIC Chairman Martin Gruenberg to step down following reports of agency’s toxic workplace culture.

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

May. 16, 2024 13:22 PM EDT

WASHINGTON (AP) — Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday 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. The hearing...

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Apr. 26, 2024 22:13 PM EDT

WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6...

Kimberly Palmer: What college students need to know about payment apps

Apr. 08, 2024 07:02 AM EDT

For college students, sending money to friends has never been easier thanks to peer-to-peer payment apps like Venmo, PayPal and Cash App. But that convenience poses risks, including vulnerability to errors, fraud and the tendency to overspend. As a result, payment apps can contribute...