FDIC

The last major revision to the FDIC's regulations governing signs and advertisements was in 2006; thus, this action is long overdue.Adopting a new regulation, the United States' Federal Deposit Insurance Corporation (FDIC) has made a…
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Signature's board of directors and management were at fault, according to the FDIC, since they pursued "unrestrained growth" using uninsured deposits without taking any precautions to control liquidity risk.Signature Bank (SBNY) went…
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According to Reuters, the FDIC demanded that Signature's purchasers "cease" the bank's crypto activity.The Federal Deposit Insurance Corporation disputed that it would force any buyer of Signature Bank to abandon its crypto operations.…
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Tom Emmer has heard about Operation Choke Point 2.0, which does not sound appealing.Today, House Majority Whip Tom Emmer (R-MN) sent a letter to Federal Deposit Insurance Corporation Chairman Martin Gruenberg requesting an explanation…
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In a recent lecture, Martin J. Gruenberg, the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Board of Directors since February 5, 2022, discussed "the prudential regulation of crypto–assets."Wikipedia explains the…
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Warren's letter wants OCC to engage with the Fed and FDIC to devise an alternate cryptocurrency strategy "that appropriately safeguards consumers and banking safety and soundness."Bloomberg reported on Thursday that the United States…
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