Yonhap Infomax NewsOct 1
Travis Hill has been named Acting Chair of the FDIC, signaling a shift toward more relaxed U.S. bank regulations, including eased rules on M&A and leverage ratios for major banks.
#YonhapInfomax #FDIC #TravisHill #BankRegulation #SupplementaryLeverageRatio #GSIBs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84436
Travis Hill Named Acting Chair of FDIC—Bank Regulation Easing Gains Momentum

Travis Hill has been named Acting Chair of the FDIC, signaling a shift toward more relaxed U.S. bank regulations, including eased rules on M&A and leverage ratios for major banks.

Yonhap Infomax
LilMikeSFMay 21, 2024

#FDIC Chairman Martin Gruenberg , who'd been with #bankster regulatory agency since 2005, pressured to step down after disastrous #CapitolHill hearings on widespread #SexualHarassment at the gov't agency, allegations that were first reported on by #WSJ.

Criticized as a “#patriarchal, #insular” agency with a temperamental leader, female employees have described it as hostile and discriminatory environment. The ugly #HR distractions now overshadow the work of the agency, taxed with shoring up America's oft teetering #banking sector. Current FDIC Vice Chairman #TravisHill, a Republican, assumes leadership in interim as #WhiteHouse says President #Biden will send new nominee name to #Senate quickly, where candidate will surely become a #PoliticalFootball for #GOP during a fraught #ElectionYear..
https://www.wsj.com/politics/policy/fdic-chairman-martin-gruenberg-resignation-ab7fed5f?st=q6wlw7pyxpd39zp&reflink=desktopwebshare_permalink #GiftLink #PaywallLift #USGov #ShitShow