Good Riddance, Martin Gruenberg
Follow Frank on X. Martin Gruenberg, Chairman of the U.S. Federal Deposit Insurance Corp. (FDIC), announced today that he’ll be stepping down on January 19, 2025, one day before Trump…
Coinbase
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coinbase sues SEC
Crypto
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Paul Grewal
Regulation
SEC
Transparency
Coinbase Sues SEC, FDIC for Transparency on Crypto Regulations
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief…
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JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for…
Banking Crisis
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interest rate hikes
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US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S.…
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Republic First Bank
Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank
In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The…
Bank Failure
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JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this…
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potential takeover
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First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not…
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US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution…
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FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday,…
U.S. Treasury, FDIC And Federal Reserve Will Guarantee All Deposits At SVB, Signature Bank In Unprecedented Move
A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government. The U.S. Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation…