FDIC

Martin Gruenberg frowns while being questions by lawmakers.

FALL FROM GRACE

FDIC Chair Ready to Resign After Damning Workplace Probe

Martin Gruenberg says he’s willing to step down as soon as his successor is confirmed.

Josh Fiallo

A sign reads ‘FDIC Insured’ on the door of a branch of First Republic Bank in Boston, Massachusetts, U.S., March 13, 2023.

HELD TO ACCOUNT

FDIC Culture of Booze, Strip Clubs Driving Women Away: WSJ

Male senior examiners have allegedly kept their jobs despite wrongdoing.

Dan Ladden-Hall

A security guard stands outside a First Republic Bank branch in San Francisco, California, April 28, 2023.

First Republic Sold to JPMorgan Chase as Regulators Step In

It’s the second-largest bank failure in U.S. history.

Dan Ladden-Hall

A First Republic Bank branch in San Francisco, California.

Banking Regulator Poised to Take Over First Republic: Report

Meanwhile, earlier this week First Republic admitted to losing a shocking $102 billion in customer deposits.

Katie Hawkinson

031423-bankbailout-hero_uoobnp

LET THE FDIC DO ITS JOB

It’s Still a Bank Bailout, Even if You Won’t Call It One

After the collapse of Silicon Valley Bank, the federal government is still picking winners and losers, and making up rules as it goes along.

Norbert J. Michel

Shall We Bid Adieu to 'Too Big to Fail?'

Justin Green