#fdic

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Good Riddance, Martin Gruenberg

Martin Gruenberg's resignation from the FDIC is seen as a pivotal moment for the Bitcoin and crypto industry, paving the way for potential regulatory improvements.
#financial-inclusion

Bitcoin users are largely rich, white and banked, according to a new FDIC poll of 30,000 households

Despite high interest in cryptocurrency, actual usage among unbanked households is minimal, primarily serving as an investment rather than a financial tool for transactions.

More Americans than ever have bank accounts-FDIC boss credits this key technology

The 2023 survey shows the lowest percentage of unbanked households ever recorded, largely attributed to technological advancements, particularly safe accounts.

Bitcoin users are largely rich, white and banked, according to a new FDIC poll of 30,000 households

Despite high interest in cryptocurrency, actual usage among unbanked households is minimal, primarily serving as an investment rather than a financial tool for transactions.

More Americans than ever have bank accounts-FDIC boss credits this key technology

The 2023 survey shows the lowest percentage of unbanked households ever recorded, largely attributed to technological advancements, particularly safe accounts.
morefinancial-inclusion

FDIC announces rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

FDIC proposes new rule for better financial record-keeping by banks for fintech accounts after Synapse collapse.
#workplace-culture

Biden will name new boss soon to lead 'toxic' FDIC

FDIC Chairman Gruenberg willing to step down after Senate confirms successor.

FDIC taps attorney Carrie Cohen to oversee cultural shift

The FDIC has appointed Carrie H. Cohen as a monitor to oversee the agency's cultural transformation following a workplace scandal.

Biden will name new boss soon to lead 'toxic' FDIC

FDIC Chairman Gruenberg willing to step down after Senate confirms successor.

FDIC taps attorney Carrie Cohen to oversee cultural shift

The FDIC has appointed Carrie H. Cohen as a monitor to oversee the agency's cultural transformation following a workplace scandal.
moreworkplace-culture

Biden Will Choose a New Leader for Bank Regulator With Toxic' Culture

President Biden is planning to swiftly appoint a new leader for the FDIC following revelations of widespread harassment and abuse among senior managers.
#banking-industry

Republic First Bank closes, sells to FultonBank

Fulton Bank is assuming deposits and assets of Republic First Bank after its collapse due to failure to raise capital and exit from mortgage lending.
The FDIC estimates the failure of Republic Bank will cost $667 million, with Fulton Bank acquiring $6 billion in assets, including an investment portfolio and loans.
Republic Bank specialized in jumbo mortgage products, but its mortgage production was significantly lower compared to Fulton Bank.

Regulators close Republic First Bank, marking first US bank failure this year

Regulators closed Republic First Bank with $6 billion assets and $4 billion deposits, impacting FDIC fund by $667 million, amidst challenges from rising interest rates and real estate devaluation.

Republic First Bank closes, sells to FultonBank

Fulton Bank is assuming deposits and assets of Republic First Bank after its collapse due to failure to raise capital and exit from mortgage lending.
The FDIC estimates the failure of Republic Bank will cost $667 million, with Fulton Bank acquiring $6 billion in assets, including an investment portfolio and loans.
Republic Bank specialized in jumbo mortgage products, but its mortgage production was significantly lower compared to Fulton Bank.

Regulators close Republic First Bank, marking first US bank failure this year

Regulators closed Republic First Bank with $6 billion assets and $4 billion deposits, impacting FDIC fund by $667 million, amidst challenges from rising interest rates and real estate devaluation.
morebanking-industry
#child-pornography

Senior Government Attorney Pleads Guilty To Child Pornography Charge

Senior FDIC attorney pleads guilty to child pornography charges.
Black induced a minor to engage in sexually explicit acts and recorded them.

Former FDIC lawyer who once worked in BigLaw pleads guilty in child-exploitation case

A former lawyer at the Federal Deposit Insurance Corp. (FDIC) has pleaded guilty to charges related to child exploitation.
The lawyer participated in online groups that sought to find prepubescent girls and convince them to engage in sexually explicit activities, and then shared the videos with each other.

Senior Government Attorney Pleads Guilty To Child Pornography Charge

Senior FDIC attorney pleads guilty to child pornography charges.
Black induced a minor to engage in sexually explicit acts and recorded them.

Former FDIC lawyer who once worked in BigLaw pleads guilty in child-exploitation case

A former lawyer at the Federal Deposit Insurance Corp. (FDIC) has pleaded guilty to charges related to child exploitation.
The lawyer participated in online groups that sought to find prepubescent girls and convince them to engage in sexually explicit activities, and then shared the videos with each other.
morechild-pornography

Crypto Exchange Coinbase Sues SEC, FDIC, Alleging Regulatory Overreach

Coinbase accuses SEC and FDIC of harming crypto industry through lack of transparency and regulatory hostility.

The Morning Risk Report: Citigroup Facing New Regulatory Knock on Its Living Will

A banking regulator is expected to downgrade Citigroup's living-will plan rating, indicating ongoing struggles with regulatory compliance.
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