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President Joe Biden speaks about foreign policy during a speech at the State Department in Washington, Monday, Jan. 13, 2025. (AP Photo/Susan Walsh)

Biden in late push to boost Indo-Pacific ties sends three pacts to Congress

Associated Press

Federal Deposit Insurance Corporation Board of Directors Chairman Martin Gruenberg, testifies during the House Committee on Financial Services hearing on oversight of prudential regulators, Wednesday, Nov. 15, 2023, on Capitol Hill in Washington. 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 Corporation on Monday, May 20, 2024, saying the agency is broken and there must be “fundamental changes at the FDIC.” (AP Photo/Mariam Zuhaib, File)

FDIC chairman to step down following report on agency’s ‘toxic culture,’ White House says

By Ken Sweet - Associated Press

FILE - The Federal Deposit Insurance Corporation (FDIC) seal is shown outside its headquarters, March 14, 2023, in Washington. An independent review released Tuesday, May 7, 2024, of the Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct," and questions whether the agency's chairman is credible to lead the agency through a cultural transformation. (AP Photo/Manuel Balce Ceneta, File)

FDIC chair is grilled on Capitol Hill after report outlines agency’s toxic workplace culture

By Fatima Hussein - Associated Press

Illustration: Banking regulation by Greg Groesch for The Washington Times

New bank regulations will hurt small businesses, lower-income borrowers the most

By Stephen Moore

FILE - Chase Bank ATMs are shown, Thursday, March 25, 2021, in New York. (AP Photo/Mark Lennihan, File)

Bank profits mostly fall in fourth quarter, but banks remain upbeat on economy and consumer

By Ken Sweet - Associated Press

President Joe Biden speaks at the White House Conservation in Action Summit at the Department of the Interior on March 21, 2023, in Washington. Approval of Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains stubbornly high. That’s according to a new poll by The Associated Press-NORC Center for Public Affairs Research, which shows there have been modest fluctuations in support for Biden over the past several months. (AP Photo/Evan Vucci, File)

Biden’s bank bailouts costing customers

By E.J. Antoni

A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. (AP Photo/Jeff Chiu, File)

First Republic Bank seized, sold to JPMorgan Chase

By Ken Sweet - Associated Press

The Federal Deposit Insurance Corporation (FDIC) seal is shown outside its headquarters, March 14, 2023, in Washington. On Monday, May 1, the FDIC recommended that the U.S. rethink its decades-old policy of insuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a “targeted” basis. (AP Photo/Manuel Balce Ceneta, File)

FDIC recommends overhauling U.S. insurance deposit system

By Sharon L. Lynch - Associated Press

Illustration on the failure of Silicon Valley Bank (SVB) by Alexander Hunter/The Washington Times

Tougher bank regulations won’t head off next financial crisis

By Peter Morici

Illustration: Banking regulation by Greg Groesch for The Washington Times

How to fix banks without more regulation

By Peter Morici

From left, Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg; Michael Barr, Vice Chairman For Supervision of the Board of Governors of the Federal Reserve System and Nellie Liang, Undersecretary for Domestic Finance of the U.S. Department of the Treasury, testify before a Senate Banking, Housing, and Urban Affairs hearings to examine recent bank failures and the Federal regulatory response on Capitol Hill, Tuesday, March 28, 2023, in Washington. (AP Photo/Manuel Ba lce Ceneta)

Fed official tells lawmakers that Silicon Valley Bank failed from mismanagement

By Dave Boyer - The Washington Times

First Citizens to acquire troubled Silicon Valley Bank

Associated Press

President Bill Clinton vetoes portions of the federal budget and tax-cut law in the Oval Office of the White House Aug. 11, 1997, as Vice President Al Gore, far right, Treasury Secretary Robert Rubin and Council of Economic Advisers Chairman Janet Yellen look on. (AP Photo/Ruth Fremson, File)

Bank failures and rescue test Yellen’s decades of experience

By Fatima Hussein - Associated Press

President Joe Biden speaks to the Canadian Parliament in Ottawa, Canada, Friday, Mach 24, 2023. (Mandel Ngan/Pool via AP)

Biden defends response to banking turmoil: ‘Damn good job’

By Jeff Mordock - The Washington Times

Sen. Mark Warner, D-Va., chair of the Senate Intelligence Committee, pauses to speak with reporters at the Capitol in Washington, Nov. 10, 2022. Members of the Senate intelligence committee say they should have access to classified documents that were discovered in the homes of President Joe Biden, former President Donald Trump and former Vice President Mike Pence.(AP Photo/J. Scott Applewhite, File)

Sen. Mark Warner defends campaign donations from failed bank, while stocks rebound

By Joseph Clark and Dave Boyer - The Washington Times

A person enters the Signature Bank headquarters in New York, Monday, March 13, 2023. President Joe Biden is telling Americans that the nation’s financial systems are sound. This comes after the swift and stunning collapse of two banks that prompted fears of a broader upheaval. (AP Photo/Yuki Iwamura)

New York Community Bank to buy failed Signature Bank

By Ken Sweet - Associated Press

President Joe Biden speaks as he meets with Ireland's Taoiseach Leo Varadkar in the Oval Office of the White House, Friday, March 17, 2023, in Washington. Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. (AP Photo/Evan Vucci)

Biden calls for tougher penalties for execs of failed banks

By Zeke Miller - Associated Press

Treasury Secretary Janet Yellen arrives in the Dirksen Senate Office Building, Thursday, March 16, 2023, on Capitol Hill in Washington. (AP Photo/Mariam Zuhaib)

Yellen says Chinese customers of failed Silicon Valley Bank will get money from U.S. fund

By Dave Boyer - The Washington Times

A television screen displaying financial news is seen inside one of First Republic Bank's branches in the Financial District of Manhattan, Thursday, March 16, 2023. The S&P 500 was 0.8% higher in midday trading after erasing an earlier loss of nearly that much following reports that First Republic Bank could receive financial assistance or sell itself to another bank. (AP Photo/Mary Altaffer)

Big banks create $30B rescue package for First Republic

By Ken Sweet - Associated Press

A pedestrian passes a Silicon Valley Bank Private branch in San Francisco, Monday, March 13, 2023. Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures. Regulators closed the Silicon Valley Bank on Friday after depositors rushed to withdraw their funds all at once. (AP Photo/Jeff Chiu)

Biden’s ‘bailout’ a step toward government control of banking system, economists say

By Jeff Mordock - The Washington Times