FDIC chair Martin Gruenberg, who headed the agency from 2011 to 2018, is under scrutiny for allowing widespread harassment to persist for over ten years.
November 19, 2023The new rules encourage banks to expand access to credit, investment, and banking services in low- and moderate-income communities.
October 28, 2023The framework comprises a set of principles that are substantively similar to those proposed in December 2022.
October 25, 2023In a speech, Agustín Carstens reviewed the key features and outcomes of the interventions by the US and Swiss authorities to manage bank failures.
October 20, 2023The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.
October 13, 2023The guidelines will be applicable to insured depository institutions with consolidated assets of USD 10 billion or more.
October 4, 2023The FDIC and KDIC will cooperate on risk monitoring, crisis management and resolution planning for FIs with operations in both countries.
October 3, 2023The US subsidiary of South Korea's Shinhan Bank will pay a USD 15 million penalty to settle cases from FinCEN, the FDIC, and NYDFS.
October 2, 2023Prominent banking associations are demanding the release of the data and analysis to support changes to capital requirements for large banks.
September 14, 2023Large banks would have to raise their long-term debt issuance by an estimated $70bn and issue more detailed resolution plans.
August 30, 2023