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Example Sentences
But increasing the limit risks emboldening banks and depositors to take more risks and could make financial crises much more costly for the FDIC.
Trump's team has floated eliminating the agency, along with banking regulators like the FDIC.
According to the FDIC, “no depositor has lost a penny” since the agency was founded in 1933.
Scott, who called for Gruenberg to step down in December when the initial allegations were made public, is now calling for the Banking Committee to hold a separate hearing on the FDIC’s workplace issues.
“Your employees do not have confidence in you. And this is not a single incident. This spans over a decade-plus of your leadership at the FDIC.”
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