Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee,

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President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. Goldsmith Romero is currently a commissioner at the Commodity Futures Trading Commission, the nation’s financial derivatives regulator. Gruenberg last month said he would resign from the FDIC after an independent report by a law firm found incidents of stalking, harassment, homophobia and other violations of employment regulations, based on more than 500 complaints from employees.

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(United States Ninth Circuit) - Reversed. The panel held that the FDIC’s appeal was timely filed within 60 days of entry of the district court’s judgment because, even though acting solely as a receiver, the FDIC was a United States agency under Federal Rule of Appellate Procedure 4(a)(1)(B)(ii).

(United States Seventh Circuit) - Held that the receiver for a failed bank, the Federal Deposit Insurance Corporation, did not have to honor a benefits agreement with a bank executive, because the benefit he sought was a golden-parachute payment prohibited by federal law. Affirmed summary judgment for the FDIC.

(United States Ninth Circuit) - Reversed. The panel held that the FDIC’s appeal was timely filed within 60 days of entry of the district court’s judgment because, even though acting solely as a receiver, the FDIC was a United States agency under Federal Rule of Appellate Procedure 4(a)(1)(B)(ii).

The summer 2011 issue of 'FDIC Consumer News' features tips on how to prepare financially for a natural disaster, a fire or another tragedy, especially one that requires people to evacuate their home and not return for days or weeks.

The summer 2011 issue of 'FDIC Consumer News' features tips on how to prepare financially for a natural disaster, a fire or another tragedy, especially one that requires people to evacuate their home and not return for days or weeks.

The FDIC is clarifying its policy and supervisory approach related to facilitating payment processing services directly, or indirectly through a third party, for merchant customers engaged in higher-risk activities.

Five federal regulatory agencies encourage financial institutions to work with customers affected by the federal government shutdown.

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Illinois affected by severe storms, straight-line winds, and tornadoes.

The RiverBank, Wyoming, Minn., was closed by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corp. as receiver.

Sun Security Bank, Ellington, Mo., was closed by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corp. as receiver.