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The Latest Breaking News from FDIC

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

The Independent UK

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.

Top News

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."

Axios

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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.

Top News

Democrat Supports FDIC Chief Amid Harassment Scandal

Prominent Democrat supports FDIC chief amidst harassment scandal, calling for fair investigation.

Top News

FDIC Staff Considering Exits Due To Leadership Distrust

Growing distrust in FDIC leadership raises concerns about agency's effectiveness and staff retention.

Top News

FDIC Chair Faces Calls To Resign Amid Workplace Controversy

FDIC chair Martin Gruenberg faces scrutiny over workplace issues. Potential resignation could impact banking sector.

Top News

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Toxic culture is the norm at the FDIC, outside review cites 500 employee complaints

A law firm investigation of the FDIC documents a toxic workplace culture where hundreds of employees complained of sexual harassment, discrimination and other misconduct.

WEKU

First US Bank Failure Of 2024: Republic First Bank

FDIC closes Republic First Bank in Philadelphia, Fulton Bank to assume deposits and assets. Regional banks facing challenges.

Top News

US Regulator Halts Asset Manager Stake Scrutiny In Banks

FDIC delays examination of asset manager stakes in banks to evaluate impact on banking sector stability and competition.

Top News

How to Choose the Best 10-Year CD Rate for You

A 10-year CD is a long-term commitment, but locking in a high APY can lead to a big payoff. Here are the top rates this month.

Fortune

Get a [dynamic]NewtekBank-Savings-APY[/dynamic]% APY with a Newtek Bank savings account

Newtek Bank N.A. boasts a high-yield savings APY and multiple CDs to boost your savings.

Fortune

NCUA Insurance: Protecting Your Credit Union Deposits

Learn how NCUA insurance protects credit union deposits up to 0,000 per member, per ownership category, similar to FDIC insurance for banks.

Top News

Should You Invest in CDs? What to Consider

Before putting your money in a certificate of deposit (CD), you should know why banks issue them, how they are used and how they are priced.

Kiplinger

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International Business Times

FDIC Blasts SEC's Controversial SAB 121 Bulletin Targeting Crypto Custodians

The FDIC's vice chair had very sharp words for a staff accounting bulletin of the SEC that has raised concerns about the bulletin's implications on custodial service providers.

Kiplinger

How SIPC Works and What Investors Should Know About It

The Securities Investor Protection Corp. will help get your cash and securities back if your broker-dealer fails. Here's a look at how SIPC works.

StockNews.com

3 B-Rated Foreign Bank Stocks to Consider

The U.S. banking sector continues to face challenges, including rising deposit costs in a high-rate environment, credit rating downgrades, and risk of defaults in commercial real estate (CRE) lending. Hence, it could be wise to look beyond borders and add quality foreign bank stocks Banco Macro (BMA), Banco Santander (SAN),…

StockNews.com

Buy or Sell These 3 Bank Stocks?

Prolonged exposure to high-interest rates, risk of defaults on commercial real estate loans, elevated deposit costs, diminished credit demand, and stringent lending standards are expected to pile more pressure on U.S. banks. Considering these factors, should investors consider investing in foreign bank stocks Banco Santander (SAN), Akbank (AKBTY), and First…

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news in one place.

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Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Dishwashers, Nazi-looted art, and an ag-gag mixed bag.

International Business Times

US Banks Report Mixed Results, See Consumers As Still Fairly Healthy

Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last year's crisis involving midsized lenders.

Fortune

These are the best CD rates in Illinois today

We crunched the data to locate the best CD rates available in Illinois today.

Fortune

These are the best CD rates in New Hampshire today

Give your savings a boost and put your money in a CD that offers one of the top rates available in New Hampshire.

Top News

Biden appoints new FDIC watchdog amidst bank harassment controversy

Discover the latest in USA banking news as President Biden appoints a new FDIC watchdog amidst a high-profile harassment scandal. Stay informed with our up...

StockNews.com

5 Smart Bank Stocks to Buy for Gains in 2024

The profitability of U.S. banks will likely remain under pressure due to a slowing U.S. economy, high-interest rates, the possibility of CRE defaults, rising credit card debt, and deteriorating asset quality. In this scenario, it could be wise to look beyond borders and buy fundamentally strong foreign bank stocks Banco…

Fortune

These are the best CD rates in Connecticut today

We crunched the data to locate the best CD rates available in Connecticut today.

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