It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in recovering and distributing customer funds. However, serious reconciliation challenges remain, according to the latest status report in the case. Trustee...
Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7). Ahead of the hearing, a status report filed Thursday (June 6) with the bankruptcy court in California laid out a...
As his successor is expected to be confirmed soon, Federal Deposit Insurance Corp. Chairman Martin Gruenberg faced questions about having a future leadership role at the agency. According to a recent report by Politico, Gruenberg, who has served on the FDIC board in various capacities...
The Senate Banking Committee signed off on President Donald Trump’s nomination of Jelena McWilliams to become the next chair of the Federal Deposit Insurance Corporation (FDIC), although the appointment still faces confirmation from Congress. According to news from The American Banker, the vote was 24 to 1,...
June 24, 2024
It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in recovering and distributing customer funds. However, serious reconciliation challenges remain, according to the latest status report in the case. Trustee Jelena McWilliams told the Central California Bankruptcy Court that partner […]
July 03, 2024
The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report filed by trustee Jelena McWilliams. In an “urgent” supplement to her fourth status report, the former FDIC chair put the spotlight on a time-sensitive dispute with financial services database provider […]
May 23, 2018
As his successor is expected to be confirmed soon, Federal Deposit Insurance Corp. Chairman Martin Gruenberg faced questions about having a future leadership role at the agency. According to a...
February 09, 2018
The Senate Banking Committee signed off on President Donald Trump’s nomination of Jelena McWilliams to become the next chair of the Federal Deposit Insurance Corporation (FDIC), although the appointment still faces...
