Press Release: Statement from Acting Chairman Travis Hill
PRESS RELEASE | JANUARY 21, 2025 Statement from Acting Chairman Travis Hill WASHINGTON – On January 20, 2025, Travis Hill became Acting Chairman of the Federal Deposit Insurance Corporation (FDIC). Acting Chairman Hill issued the following statement: “It is my honor and privilege to serve as Acting Chairman of the FDIC. While the FDIC faces […]
GSE privatization could help pay for tax cuts, but not easily
Ending the 17-year-old federal conservatorship of Fannie Mae and Freddie Mac could help offset the cost of renewing President Trump’s 2017 tax legislation, which expires this year. But getting to that point is difficult, especially with a budget battle just months away.
Acting leaders take the reins of agencies as Trump sworn in
Federal Deposit Insurance Corp. Vice Chair Travis Hill has assumed the duties of FDIC chair, National Credit Union Administration Vice Chair Kyle Hauptman took over as NCUA chair and Securities and Exchange Commission member Mark Uyeda will serve as acting chair of the SEC.
The Federal Home Loan banks should be preserved as a liquidity source
Some reforms to the system might be necessary, but it would be unwise to eliminate a critical source of funding for banks across the country.
Klarna’s pre-IPO moves: Expand Stripe alliance, dump loans
The enhanced fintech partnership would build merchant scale, and selling U.K. and U.S. portfolios would free up cash.
Trump’s day one: fire Chopra, reset CFPB, elevate crypto
A one-page outline of priorities for Trump’s inauguration day obtained American Banker includes financial policy items, including firing Consumer Financial Protection Bureau Director Rohit Chopra, issuing a “reset” of that agency and designating crypto as a “national priority.”
Pulaski Savings Bank fails, Millennium Bank assumes deposits
The Chicago-based bank, which failed Friday in the first bank failure of 2025, caused a $28.5 million hit to the Deposit Insurance Fund. The FDIC was appointed receiver and Millennium Bank will assume all deposits.
Press Release: Millennium Bank, Des Plaines, Ill. Assumes All Deposits of Pulaski Savings Bank, Chicago, Ill.
PRESS RELEASE | JANUARY 17, 2025 Millennium Bank, Des Plaines, Ill. Assumes All Deposits of Pulaski Savings Bank, Chicago, Ill. WASHINGTON — Pulaski Savings Bank of Chicago, Ill. was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC […]
Press Release: FDIC Announces Retirement of Doreen Eberley, Director of Division of Risk Management Supervision
PRESS RELEASE | JANUARY 17, 2025 FDIC Announces Retirement of Doreen Eberley,Director of Division of Risk Management Supervision WASHINGTON – Doreen R. Eberley, Director of the Division of Risk Management Supervision (RMS), has announced that she will retire from the Federal Deposit Insurance Corporation on March 29, 2025, following a distinguished 38-year career at the […]
Citizens’ private bank turns profit for the first time
The Providence, Rhode Island-based company launched its private bank in 2023 after a spate of bank failures left holes in the market. “It’s not like I’m asking anybody to wait for delayed gratification,” CEO Bruce Van Saun said Friday.