Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor

NEW YORK (AP) — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace...

Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits

NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks. ...

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

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

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

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

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

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...