Emily Flitter
Posts
Bank Regulator Overseeing ‘Toxic’ Culture Loses Key Supporter in Senate
Senator Sherrod Brown, the chair of the Senate Banking Committee, called for President Biden to replace Martin Gruenberg as leader of the F.D.I.C.
Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang...
Why Is Car Insurance So Expensive?
Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like...
Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill...
Inquiry Finds a Toxic Culture at the F.D.I.C., and Takes Aim at Its Leader
Bad workplace behavior was pervasive at the bank regulator, according to an investigation that questioned whether things can improve without a change in leadership.
National Plan to Look Into Homeowners Insurers Hits a Hurdle
Roughly two weeks after state regulators said they were collecting details on insurers’ homeowners businesses, key states may opt out, undermining the effort.
JPMorgan Fined $348 Million for Lapses in Trade Monitoring
Regulators, which rely on the bank for information that helps prevent insider trading and market manipulation, said customer data from around 30 platforms was missing.
As Home Insurance Bills Go Up, Owners’ Coverage Is Going Down
Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies.
Banks Sue Regulators Over Anti-Redlining Rule
A new lawsuit says federal agencies overstepped their authority in a rule forcing banks to do business in underserved communities.
What Is the Basel III Endgame, and Why Are Banks So Upset About It?
Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry.