by Ken Chase | May 16, 2023 | Financial, News, Uncategorized
With negotiations on the U.S. debt ceiling crisis seemingly in limbo, JPMorgan Chase is conducting weekly meetings to address the crisis. JPMorgan Chase CEO Jamie Dimon told Reuters that the bank’s “war room” could move to daily meetings if officials fail to find a...
by Ken Chase | May 16, 2023 | Banks, News
The Federal Deposit Insurance Corporation (FDIC) has unveiled a proposal to replenish its deposit insurance fund. The proposal released on Thursday would see the nation’s largest lenders bear more than 95% of the cost, according to a recent Reuters report. The fund...
by Ken Chase | May 11, 2023 | Banks, News
The Federal Reserve released two separate reports this week that point to continuing financial risks for U.S. economic growth throughout 2023. The reports suggest that an acceleration of tightening lending standards and a contraction in credit could contribute to an...
by Ken Chase | May 5, 2023 | Banks, Business, News
The Federal Deposit Insurance Corporation (FDIC) recently released an overview of the nation’s deposit insurance system. That report, Options for Deposit Insurance Reform, includes proposed options for expanded deposit insurance. It arrives in the wake of several...
by Ken Chase | May 1, 2023 | Banks, News, Uncategorized
After a weekend of frantic negotiations, U.S. regulators seized First Republic Bank on Monday. The Federal Deposit Insurance Corporation (FDIC has brokered a deal for JPMorgan Chase to purchase the failed bank’s assets. According to a statement released by the agency,...
