New FDIC Inspector General Appointed Amid Sexual Misconduct Probe

President Joe Biden appoints Jennifer Fain as new FDIC Inspector General Background and Introduction In a significant move, President Joe Biden has appointed Jennifer Fain as the new inspector general for the Federal Deposit Insurance Corporation (FDIC). The...

Asset Managers and Wait Times: Insights from FDIC’s McKernan

Asset Managers and Publicly Traded Banks The Influence of the Big Three Asset managers, particularly the Big Three — Vanguard, BlackRock, and State Street — have come under scrutiny for their potential influence on publicly traded banks. FDIC Director Jonathan...

New Miami Bank Led by Industry Veteran, Michigan Credit Union Acquires Community Bank: Banking & Finance Tracker

Industry veteran to launch woman-founded Miami bank Industry veteran to bring innovation to Miami's banking sector Miami's banking sector is set to see a new player enter the market, led by an industry veteran. The banking industry veteran, who has extensive...

Utah Bank Faces Unusual FDIC Order: Sell or Liquidate

FDIC's Unusual Order: Sell Yourself or Liquidate Federal regulators have issued an unusual order to a small bank in Utah, forcing it to either sell itself or liquidate. The Federal Deposit Insurance Corp. (FDIC) made this decision public last week, taking a last-ditch...