Sunday, April 14, 2024
No menu items!
Advertisment
Google search engine
HomeBusinessFDIC thrown into turmoil amid push for biggest US banking rules overhaul...

FDIC thrown into turmoil amid push for biggest US banking rules overhaul since 2008

The Federal Deposit Insurance Corporation (FDIC) is facing its most important regulatory moment since the 2008 financial crisis, pushing for a sweeping overhaul of how banks are regulated in the wake of last spring’s regional bank crisis.

But a Wall Street Journal report detailing a toxic work environment at the Washington agency has thrown the regulator into turmoil.

FDIC Chair Martin Gruenberg found himself in the hot seat this week, fielding multiple questions about his organization’s culture from members of the Senate Banking Committee and House Financial Services Committee, derailing what was supposed to be a wide-ranging discussion about proper oversight of the banking industry.

READ MORE

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments