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An outside review released on Tuesday found the agency needed to adopt sweeping changes to fix workplace culture and address harassment, racial discrimination and other longstanding problems ...
The chair of the FDIC told a Senate committee Tuesday that he was 'personally disturbed' by a report of sexual harassment and a toxic culture at the regulatory agency.
The FDIC did not respond to a request for comment on Thursday afternoon, but told the Journal it took the matter very seriously and that an outside law firm would conduct an internal review.
The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2] In contrast, in the five years prior to 2008, only 10 banks failed. [ 2 ] [ 3 ] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates.
At the lower extreme, a critically undercapitalized Federal Deposit Insurance Corporation (FDIC)-regulated institution (i.e., one with a ratio of total capital / assets below 2%) is required to be taken into receivership by the FDIC in order to minimize long-term losses to the FDIC. [1]
In February 2023, Timothy J. Heaphy, the top investigator on the January 6 House select committee, said he expected "indictments both in Georgia and at the federal level.” [67] In May 2023, Georgia Republicans enacted a law that created a commission empowered to discipline or remove state prosecutors who were alleged to have violated their ...
Georgia’s Senate voted 33-21 on Monday to pass a bill that would give legislators a veto over significant regulations imposed by the executive branch, a move that has hampered safety efforts and ...
Rodriguez v. FDIC was a United States Supreme Court case (589 U.S. ____ (2020)) in which the court held that the Bob Richards rule was not appropriately crafted and federal judges should not apply it when resolving disputes about tax allocations to members of an affiliated group filing a consolidated return.