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The Latest Breaking News from FDIC

Kansas Bank CEO Embezzles M, Victims Recover Funds

Former bank CEO sentenced to 24 years for embezzling million, victims reimbursed, shareholders compensated.

Top News

A courtroom of relief: FBI recovers funds for victims of scammed banker

Cheers and sobs of relief broke out in a federal courtroom in Kansas as dozens of people whose life savings had been embezzled by a bank CEO learned federal law enforcement had recovered their money

The Independent UK

JPMorgan banking strategy is challenging predatory lenders on their home turf: banking deserts

JPMorgan says its new banking model is now profitable, which could spell trouble for competitors looking to serve the unbanked.

Fortune

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read the most diverse news in one place.

Where To Put Your Money As Interest Rates Drop

Earning 5% returns on your money is slowly coming to an end. Even so, there are places to put your money that still make sense.

Kiplinger

The best online checking accounts you need to know about

Maximize your money with our guide on the best online checking accounts

Fortune

FDIC nominee promises 'complete overhaul' of agency culture - Roll Call

President Biden's nominee to lead the FDIC told senators Thursday that she would change the culture at the embattled agency.

Roll Call

Bank Teller Shares Why You Shouldn't Have Over $3K In Your Chequing Account: 'It's Not As Safe As You Think'

Checking accounts shouldn't hold a fortune! They miss out on interest and protections. Break up large sums for better growth and security.

International Business Times UK

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Coinbase Sues SEC For 'Prosecuting' Crypto Firms, Seeking To 'Destroy' Industry

Coinbase sued the SEC and FDIC on Thursday, accusing the U.S. financial regulators of seeking to destroy the digital assets industry and purposefully working to de-bank crypto firms.

International Business Times

When Deciding Where to Put Idle Cash, Consider These Three Factors

While interest rates remain high, you can put idle cash to work, but be sure to look at the rate of return, security and liquidity of your options.

Kiplinger

Biden To Nominate Goldsmith Romero As FDIC Head

Christy Goldsmith Romero nominated to lead FDIC after workplace abuse allegations against Gruenberg.

Top News

Biden chooses CFTC's Romero to replace Gruenberg as FDIC head - Roll Call

President Joe Biden will nominate CFTC member Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation.

Roll Call

9 Things You Should Keep in a Home Safe

Put these valuables in a home safe, not a bank safety deposit box (or under a mattress). You'll be glad you did.

Kiplinger

Yellen Expects Quick FDIC Nominee Announcement From White House

The White House is actively working to select a nominee for the FDIC, emphasizing transparency and accountability in the process.

Top News

Ethereum rises 18% and Sen. Elizabeth Warren sinks in latest D.C. crypto drama

Crypto boosters are in a fine mood after a series of wins in Washington D.C., where one of their biggest antagonists saw her influence decline.

Fortune

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news in one place.

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Top News

FDIC Chairman To Step Down Amid Workplace Culture Concerns

FDIC Chairman Martin Gruenberg to step down amid workplace culture concerns. White House seeks successor to address agency's challenges.

Fortune

Prominent leader of financial services watchdog resigns after report found it was riddled with a 'misogynistic’ and ‘good ole boys club’ culture

New leadership is needed to fix the “toxic culture” at the FDIC, said Sen. Sherrod Brown on Monday.

International Business Times

Top US Banking Regulator Offers Resignation After Toxic Workplace Report

A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.

The Independent UK

Top Democrat calls for Biden to replace FDIC chairman to fix agency's 'toxic culture'

The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp_ on Monday, saying the agency is broken and there must be “fundamental changes at the FDIC.”

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Fortune

Earn interest and get cash back with Evergreen Bank

Evergreen Bank: Ideal for customers looking for good APY and reimbursed ATM fees

Top News

FDIC Chairman Faces Criticism Over Toxic Workplace Culture

FDIC Chairman faces calls for resignation over workplace culture issues. Urgent need for reform and trust rebuilding.

International Business Times

US Bank Regulator Grilled Over 'Toxic Culture' At Agency

US lawmakers attacked the head of a top financial regulator for a second consecutive day on Thursday over his agency's failure to deal with workplace misconduct, including discrimination and sexual harassment.

The Independent UK

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

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling 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

Top News

FDIC Chair Faces Tough Questions On Capitol Hill

Lawmakers investigate allegations of sexual harassment, discrimination, and bullying at the FDIC, raising concerns about the agency's work environment.

Axios

House Republicans demand FDIC chairman resign after toxic workplace report

"Mr. Gruenberg, you have become the Michael Cohen and Harvey Weinstein of the FDIC. You need to go."

Top News

FDIC Report Reveals Unacceptable Abuses, Yellen Condemns

Treasury Secretary Janet Yellen condemns sexual misconduct at FDIC, calls for accountability and prevention measures in response to report findings.

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