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Martin Gruenberg - 4 Jonathan McKernan - 4 Travis Hill - 3 won’t - 2 — - 2 Michael Hsu - 2 Sheila Bair - 2 Jason Reed - 2
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Search resuls for: "Jonathan McKernan"


6 mentions found


☆ FDIC Chairman Martin Gruenberg Won’t Oversee Misconduct Probe
  + stars: | 2023-11-21 | by ( Rebecca Ballhaus | ) www.wsj.com   time to read: 1 min
Martin Gruenberg, the FDIC’s chairman, won’t serve on a special committee that will oversee an independent review the agency’s workplace culture. Photo: Tierney L. Cross/Bloomberg NewsThe Federal Deposit Insurance Corp. board is forming a special committee to oversee an independent review of the agency’s workplace culture, the agency said Tuesday, restricting the ability of the rest of the board—including the chairman—to influence the investigation. The special committee, created by a unanimous vote of the board, will be led by Republican Jonathan McKernan, who was confirmed to the board by the Senate late last year, and Democrat Michael Hsu, who has served as acting comptroller of the currency and an FDIC board member since 2021.
Persons: Martin Gruenberg, won’t, Tierney L, —, Republican Jonathan McKernan, Michael Hsu Organizations: Bloomberg, Federal Deposit Insurance Corp, Republican, Senate
☆ US FDIC launches review of alleged sexual harassment, misconduct
  + stars: | 2023-11-21 | by ( Douglas Gillison | ) www.reuters.com   time to read: +3 min
FDIC Chair Martin Gruenberg was also cited in the reports as having earned a reputation for bullying and leniency in cases of misconduct. The special committee will be co-chaired by two FDIC board members, acting Comptroller of the Currency Michael Hsu, a Democrat, and board member Jonathan McKernan, a Republican. Last week, McKernan and FDIC Vice Chair Travis Hill, also a Republican, had demanded that Gruenberg recuse himself from oversight of any review. The board resolution approving the review includes provisions "that restrict the ability of FDIC management and FDIC Board members not on the Special Committee to engage with or influence the review," Hill said, noting that his support of the decision had depended on that condition. In a statement, Sherrod Brown, a Democrat and chair of the Senate Banking Committee who last week called on FDIC inspector general's office to investigate, said the FDIC board had taken "appropriate steps" to ensure its own review would proceed independently.
Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Michael Hsu, Jonathan McKernan, McKernan, Travis Hill, Hill, Sherrod Brown, Douglas Gillison, Lisa Shumaker, Marguerita Choy, Leslie Adler Organizations: Federal Deposit Insurance Corp, REUTERS, Companies United, U.S . Federal Deposit Insurance Corp, Street Journal, Wall Street, Republican, FDIC, Democrat, recusal, Thomson Locations: Washington, Companies United States, America
☆ Pressure mounts on FDIC chief amid calls for recusal, congressional probe
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. In a statement, FDIC Vice Chairman Travis Hill and board member Jonathan McKernan said that "at a minimum" Gruenberg and FDIC General Counsel Harrel Pettway should recuse themselves from the internal review of workplace conduct at the agency. "It is clear Mr. Gruenberg never should have been reappointed or confirmed in the first place," McHenry said. McHenry also said Gruenberg had "initially misled" the committee during testimony on Wednesday, at first claiming he had not been the subject of an investigation to his workplace conduct before acknowledging that he had. Reporting by Douglas Gillison; Editing by Chizu Nomiyama and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Travis Hill, Jonathan McKernan, Harrel Pettway, Patrick McHenry, McHenry, Douglas Gillison, Chizu Nomiyama, Nick Zieminski Organizations: Federal Deposit Insurance Corp, REUTERS, Republican, U.S, U.S . Federal Desposit Insurance Corporation, Financial Services, Thomson Locations: Washington, U.S .
☆ Republican FDIC Board Members Call for Broader Oversight of Misconduct Probe at Agency
  + stars: | 2023-11-15 | by ( Rebecca Ballhaus | ) www.wsj.com   time to read: 1 min
FDIC Chair Martin Gruenberg, at left, sat alongside Travis Hill and Jonathan McKernan, Republican members of the FDIC board, at a hearing in 2022. Photo: Amanda Andrade-Rhoades/Bloomberg NewsTwo Republican members of the Federal Deposit Insurance Corp. board on Wednesday called for the board—not just the chairman—to oversee an investigation into allegations of harassment and discrimination at the agency. “The conduct reported by The Wall Street Journal earlier this week has no place at this agency or anywhere in the workforce and should not be tolerated,” Vice Chairman Travis Hill and Director Jonathan McKernan said in a joint statement.
Persons: Martin Gruenberg, Travis Hill, Jonathan McKernan, Amanda Andrade, Rhoades, — Organizations: Republican, FDIC, Bloomberg News, Federal Deposit Insurance Corp, Wall Street
☆ How you could be impacted by higher bank capital requirements
  + stars: | 2023-07-27 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
Their risk-level assessments have been the basis for informing how much capital they need to hold on top of baseline requirements. Silicon Valley Bank accumulated a lot of paper losses, or unrealized losses, from holding bonds while the Fed hiked interest rates. But it did not need to hold capital to protect depositors from those losses. Some also expressed concerns that banks would pass on their higher capital costs to consumers in the form of higher fees to maintain their profit levels. However, UBS, Citizens Bank and Capital One will have to hold more capital.
Persons: wouldn’t, ”, Banks, aren’t, Steven Kelly, won’t, SVB, Jonathan McKernan, Michelle Bowman, Kelly, ” Kelly, JPMorgan Chase, Morgan Stanley Organizations: New, New York CNN, Federal Reserve, Federal Deposit Insurance Corporation, Huntington Bank, Silicon Valley Bank, Signature Bank, Valley Bank, FDIC, ”, Manufacturers, JPMorgan, JPMorgan Chase, Bank of America, UBS, Citizens Bank, Capital, Nasdaq Locations: New York, Basel, Banc, California, Silicon
☆ Senate Confirms Martin Gruenberg to New Term Atop FDIC
  + stars: | 2022-12-19 | by ( Andrew Ackerman | ) www.wsj.com   time to read: 1 min
Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, first joined the FDIC board in 2005, during the George W. Bush administration. WASHINGTON—The Senate confirmed Martin Gruenberg for a second term as the head of the Federal Deposit Insurance Corp., capping a turbulent period for the agency and cementing Democratic leadership on the bank regulator’s board. The Senate move officially wraps up an episode from a year ago in which the board’s Democratic majority put pressure on its Republican chairwoman at the time, Jelena McWilliams , prompting her to resign more than a year before her term ended. The chamber on Monday also added two Republicans, Travis Hill and Jonathan McKernan, to the banking regulator’s board, in a deal that provided the five-member agency with a full complement of board members for the first time since 2015.
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