Martin Gruenberg

The head of the Federal Deposit Insurance Corporation (FDIC) is set to address Congress next week amid allegations of sexism, abuse, and racism within the workplace. What Happened: Martin Gruenberg, who has been at the helm of the FDIC since January 2023, first joined the FDIC board in 2005 and...

The U.S. is reportedly set to exempt smaller banks from kicking in extra money to refill the government's deposit insurance fund and instead saddle the biggest lenders with bulk of the bill. What Happened: The Federal Deposit Insurance Corporation is likely to release a highly anticipated proposal...

The Federal Deposit Insurance Corporation, or FDIC, which is staring at about $23 billion in costs from recent bank collapses, is reportedly mulling to shift a larger-than-usual portion of the burden to the biggest banks in the U.S. What Happened: Officials are considering to limit the strain on...

President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 financial crisis. What To Know: According to a Washington Post report citing two people familiar with internal discussions, the Biden administration is...

Regulators faced the U.S. Senate Banking Committee Tuesday morning in a hearing following the collapse of SVB Financial Group (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY). What Happened: FDIC chair Martin Gruenberg, the Federal Reserve's Vice Chair for Supervision Michael...

Western Alliance Bancorp (NYSE: WAL) and PacWest Bancorp (NASDAQ: PACW) shares are on the move Tuesday as part of what appears to be a relief rally in the financial sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions....

Almost everyone has heard by now that one of the biggest banks focused on serving startups and innovative tech companies collapsed in a matter of days, but a lot of things played into its eventual destruction. Here's a look at what ultimately led the U.S. government to step in over the...