Skill loss is a key risk as examiners leave the FDIC, “especially those with advanced IT skillsets who examine risks at the ...
The issues are hindering the Federal Deposit Insurance Corp.'s ability to meet its regulatory duties, according to the agency ...
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FDIC did not report allegations of senior officials' misconduct 'in a timely manner,' watchdog saysThe letter, sent by Inspector General Jennifer Fain to Chair Martin Gruenberg on Thursday, is the latest development in a monthslong probe of sexual abuse and harassment at the FDIC. An April ...
Spencer Askew pleaded guilty to defrauding Vinings Bank and making false statements to the VA and Vinings Bank.
The US Federal Deposit Insurance Corporation has been accused of omitting more crypto-related “pause letters” it sent to banks in an ongoing Coinbase-backed Freedom of Information Act lawsuit.
The staffing cuts have been met with concern at a time that the FDIC already faces a shortage of bank examiners in the wake of 2023 bank failures, including Silicon Valley Bank and First Republic Bank ...
The lawmakers also asked Fain to evaluate whether that FDIC hiring freeze undermines previous recommendations by the inspector general’s office to bolster its examination staff. A spokesperson for the ...
“As a result, the FDIC may need to adjust its current examination processes based on the outflow of skills.” Inspector General Jennifer Fain, in the report, noted “significant restructuring ...
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