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Search resuls for: "” Gruenberg"


4 mentions found


☆ Jamie Dimon is worried about how much the US is borrowing. Here’s why
  + stars: | 2024-05-21 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
New York CNN —Major business leaders and economists are worried about America’s growing debt problem. Last week, JPMorgan CEO Jamie Dimon expressed fear that a crisis is looming and that unchecked deficit spending could explode. The big picture: Between the Trump-era tax cuts and Covid-era stimulus programs, the national debt has exploded in recent years. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.
Persons: Jamie Dimon, ”, ” Dimon, “, Ray Dalio, Columbia Business School Glenn Hubbard, Joe Biden’s, Jason Thomas, Carlyle, ” Thomas, Hanna Ziady, Liz Truss, Treasuries, Hubbard, Thomas, it’s, Donald Trump, Matt Egan, Devin Nunes, Martin Gruenberg, Elisabeth Buchwald, ” Gruenberg, Sen, Sherrod Brown,  Gruenberg, He’s, Cleary Gottlieb Steen, Gruenberg’s, Gruenberg Organizations: CNN Business, Bell, New York CNN —, JPMorgan, Sky News, Financial, Columbia Business School, United, CNN, IMF, Congressional, Office, Peterson Foundation, Treasury, Trump Media, Trump Media & Technology Group, Truth Social, Company, Big Tech, ” Trump Media, Federal Deposit Insurance Corporation, Senate Banking Committee, FDIC, Hamilton Locations: New York, Bridgewater, United States, —, United, United Kingdom
☆ Embattled FDIC Chief Takes Responsibility for Toxic Workplace Culture
  + stars: | 2023-11-18 | by ( Rebecca Ballhaus | ) www.wsj.com   time to read: 1 min
Federal Deposit Insurance Corp. Chairman Martin Gruenberg on Wednesday at a House hearing. Photo: Al Drago/Bloomberg NewsFederal Deposit Insurance Corp. Chairman Martin Gruenberg took responsibility and apologized for the agency’s workplace culture in a video to staff Friday, while indicating he doesn’t plan to bow to pressure from Republican senators to resign. “As chairman, I am ultimately responsible for the actions of our agency, both good and bad,” Gruenberg said in his second video message to staff this week. “I bear responsibility for setting the tone for our culture.”
Persons: Martin Gruenberg, Al Drago, ” Gruenberg, ” Organizations: Deposit Insurance Corp, Bloomberg
☆ FDIC Chair takes heat over stunning allegations of sexual harassment and discrimination at agency
  + stars: | 2023-11-14 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +3 min
New York CNN —Federal Deposit Insurance Corporation Chair Martin Gruenberg testified Tuesday that he was unaware of the allegations of widespread sexual harassment and discrimination at the agency detailed in a Wall Street Journal investigation. “I did not know about the individual cases,” Gruenberg told him. Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, told senators on Tuesday he was troubled by the allegations detailed in a Wall Street Journal investigation. The report also referenced a 2019 survey conducted by the inspector general that found 8% of the 2,376 respondents experienced sexual harassment between January 2015 to April 2019. The 2020 inspector general report made 15 recommendations to prevent and address sexual harassment at the agency, which Gruenberg said in his testimony on Tuesday had been implemented but acknowledged “didn’t change the culture” at the FDIC.
Persons: Martin Gruenberg, Gruenberg, “, we’ve, ”, Mike Rounds, Thom Tillis, ” Gruenberg, Michael Barr, Michael Hsu, Urban Affairs Gruenberg, Jelena McWilliams Organizations: New, New York CNN, Federal Deposit Insurance, Street, Senate, Street Journal, FDIC, Federal Reserve, Federal Deposit Insurance Corporation, Banking, Housing, Urban Affairs, Financial Locations: New York, South Dakota, North Carolina, “, U.S
☆ FTX crash shares eerie similarities with Bernie Madoff, ex-regulator Sheila Bair says
  + stars: | 2022-11-15 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
Sheila Bair, a top regulator during the 2008 financial crisis, told CNN there are eerie similarities between the dramatic rise and fall of Bankman-Fried and FTX and that of infamous Ponzi scheme mastermind Bernie Madoff. Bair notes that 30-year-old Bankman-Fried, like Madoff, proved adept at using his pedigree and connections to seduce sophisticated investors and regulators into missing “red flags” hiding in plain sight. Up until the bankruptcy filing, FTX even had an application pending with federal regulators to clear derivatives, The Wall Street Journal reported. FTX’s bankruptcy filing indicates it had liabilities of $10 billion to $50 billion at the time of the filing. — If you are an FTX customer and want to discuss how you have been impacted by the bankruptcy, please reach out to Matt.Egan@CNN.com
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