Banking and Lending

Top Dem Calls for FDIC Head’s Replacement Over ‘Toxic Culture’

By Ken Sweet | The Associated Press | May 20, 2024 | Reprints

The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp. on Monday, saying the agency is broken and there must be “fundamental changes at the FDIC.”

JPMorgan’s Dimon Says Stagflation Possible

JPMorgan’s Dimon Says Stagflation Possible

By Ken Sweet | The Associated Press | April 29, 2024 | Reprints

JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.

Liberty Bank Votes in New Chairman

Liberty Bank Votes in New Chairman

April 19, 2024 | Reprints

Liberty Bank’s board of directors unanimously elected a new chair last month, the bank said, after longtime Chairman Mark Gringras unexpectedly passed away March 7.