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- Indexed articles, last 90 days
- 44
- Latest publication
- Oct 1, 2026
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- Jul 6, 2026
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FDIC ends independent monitorship of workplace culture (opens the original)
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The Federal Deposit Insurance Corp. on Wednesday announced the departure of an independent monitor tasked with overhauling its workplace culture, after a 2024 outside investigation found numerous instances of sexual harassment and discrimination at the agency spanning several years.The outgoing monitor, Morrison Foerster lawyer Carrie H. Cohen, said in a statement that the agency now has better systems in place to address and remediate allegations of harassment, but that ultimately, fostering an
Fed & FDIC cite 'significant uncertainty' in Amex living will (opens the original)
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The Federal Reserve and Federal Deposit Insurance Corp. on Tuesday expressed doubt about the feasibility of American Express' resolution plan, but those doubts were not significant enough for them to reject the plan. In a review of 15 large banks' resolution plans — also known as "living wills" — released Tuesday afternoon, regulators had no formal objections to any of the plans submitted, but did reserve some scrutiny for American Express' plan. American Express' contingency plan for if it were
Treasury taps Jefferies strategist David Zervos as counselor (opens the original)
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The Department of the Treasury Monday announced economist and Wall Street strategist David Zervos as a counselor in Secretary Scott Bessent's office. Zervos, who was most recently chief market strategist at Jefferies LLC, also spent time as an advisor in the Federal Reserve Board's Division of Monetary Affairs in addition to being a contributor on CNBC. "Zervos brings 35 years of experience across global financial markets, central banking, and macroeconomic analysis," Treasury said in a release
OCC's Gould limiting examiner time at banks (opens the original)
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The Comptroller of the Currency Jonathan Gould Monday said the agency has limited the number of days its examiners can spend on-site at banks, part of a broader effort to narrow the scope of bank supervision and focus examiners on "material financial risks." In his remarks, delivered to a crowd at the Association of Military Banks of America's Military Banking Summit 2026, Gould framed the move as a departure from previous administrations, in which he argues bank examination was an exhaustive bo
Embattled California bank is latest to fail (opens the original)
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The Federal Deposit Insurance Corp. on Friday announced the failure of a California community bank Nano Banc of Irvine, California. Substantially all of Nano Banc's deposits were bought by Sunwest Bank of Sandy, Utah, according to the FDIC's Friday announcement. The firm's CEO noted the bank's history of acquiring failed firms in a release. "We are honored to once again be selected by the FDIC as the acquiring institution of an FDIC-assisted acquisition, marking the sixth time Sunwest Bank has c
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