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The Latest Breaking News from FDIC

Trump Ally Threatens Action If FDIC's Alleged 'Destruction' Of Crypto Choke Point Documents Proven

Sen. Cynthia Lummis said the FDIC has been accused of destroying materials related to Operation Choke Point 2.0, an alleged initiative by the Biden administration in coordination with regulators to block banks' engagement with digital assets.

International Business Times

BlackRock, Vanguard and State Street own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence

Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump administration takes over later this month.

Fortune

Where to Store Your Cash in 2025

If you're looking to reach year-end savings goals, here are the top picks to achieve this.

Kiplinger

From analysis to the latest developments in health,
read the most diverse news in one place.

Choke Point 2.0 Proof? Coinbase Obtains Additional FDIC Letters That Discouraged Banks To Use Bitcoin

Coinbase has revealed almost entirely unredacted letters from the FDIC to member banks that showed how it asked the member banks to not engage in some Bitcoin and crypto-related activities.

International Business Times

Here’s how a high-yield savings account can make your money work harder

You can 12x your returns with the right high-yield savings account. We’ll show you how.

Fortune

The fintech company that collapsed and took $90 million of people’s life savings with it

One woman had $280,000 disappear after the collapse of a fintech company. She only ended up getting $500 back

The Independent UK

Trump Transition Team Considering Streamlining Banking Regulation Agencies

Trump transition team considers consolidating banking oversight agencies to streamline functions and potentially downsize the FDIC.

Top News

Kansas Bank CEO Embezzles M, Victims Recover Funds

Former bank CEO sentenced to 24 years for embezzling million, victims reimbursed, shareholders compensated.

The Independent UK

A courtroom of relief: FBI recovers funds for victims of scammed banker

Cheers and sobs of relief broke out in a federal courtroom in Kansas as dozens of people whose life savings had been embezzled by a bank CEO learned federal law enforcement had recovered their money

Fortune

JPMorgan banking strategy is challenging predatory lenders on their home turf: banking deserts

JPMorgan says its new banking model is now profitable, which could spell trouble for competitors looking to serve the unbanked.

Kiplinger

Where To Put Your Money As Interest Rates Drop

Earning 5% returns on your money is slowly coming to an end. Even so, there are places to put your money that still make sense.

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Fortune

The best online checking accounts you need to know about

Maximize your money with our guide on the best online checking accounts

Roll Call

FDIC nominee promises 'complete overhaul' of agency culture - Roll Call

President Biden's nominee to lead the FDIC told senators Thursday that she would change the culture at the embattled agency.

International Business Times UK

Bank Teller Shares Why You Shouldn't Have Over $3K In Your Chequing Account: 'It's Not As Safe As You Think'

Checking accounts shouldn't hold a fortune! They miss out on interest and protections. Break up large sums for better growth and security.

International Business Times

Coinbase Sues SEC For 'Prosecuting' Crypto Firms, Seeking To 'Destroy' Industry

Coinbase sued the SEC and FDIC on Thursday, accusing the U.S. financial regulators of seeking to destroy the digital assets industry and purposefully working to de-bank crypto firms.

Kiplinger

When Deciding Where to Put Idle Cash, Consider These Three Factors

While interest rates remain high, you can put idle cash to work, but be sure to look at the rate of return, security and liquidity of your options.

Top News

Biden To Nominate Goldsmith Romero As FDIC Head

Christy Goldsmith Romero nominated to lead FDIC after workplace abuse allegations against Gruenberg.

Roll Call

Biden chooses CFTC's Romero to replace Gruenberg as FDIC head - Roll Call

President Joe Biden will nominate CFTC member Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation.

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