Up to date Nov. 16, 2023 12:08 pm ET
WASHINGTON—The Federal Deposit Insurance coverage Corp. canceled a public assembly of its board scheduled for Thursday, hours after reviews on allegations that Chairman Martin Gruenberg had turned a blind eye to misconduct on the banking regulator.
The five-member FDIC board known as off a scheduled assembly to finish a plan to reimburse a federal deposit insurance coverage fund for billions in losses tied to the collapse of two massive banks in March. An company spokesman stated the FDIC board would finalize the plan and not using a public vote.
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