Biden Nominates New FDIC Chair Amid Toxic Workplace Controversy

Published on June 14, 2024

President Joe Biden will nominate Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation (FDIC), replacing Martin Gruenberg, as the financial regulatory agency grapples with a toxic workplace scandal, the White House confirmed on Thursday. Ms. Romero, a Democrat, joined the Commodity Futures Trading Commission (CFTC) in March 2022. She served 12 years at the Treasury Department, including a decade as the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). She has a background in enforcement and has spearheaded significant actions against Wall Street banks and other financial institutions. Sen. Sherrod Brown (D-Ohio), who heads the Senate Banking Committee, endorsed the nomination, championing her “invaluable experience” protecting taxpayers....

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Firefighters Battle Big Blaze at Athens Cookware Factory

June 14, 2024
ATHENS—Dozens of firefighters were battling a blaze at a cookware factory in Athens on Wednesday that sent thick plumes of black smoke into the air, the fire service said.The cause of the fire shortly after 3:30 pm was not immediately known, but state broadcaster ERT reported there had been an explosion.There were no reports of people trapped inside the factory in the suburb of Kifisia, a spokespe

Tesla Shareholders Approve CEO Elon Musk’s $56 Billion Compensation

June 14, 2024
Shareholders at Tesla on June 13 voted to ratify CEO Elon Musk’s $56 billion compensation package and approved a plan to move the electric vehicle maker’s legal headquarters to Texas.On the social media platform X, which he owns, Mr. Musk shared what appeared to be two charts showing the results of the vote ahead of Tesla’s annual meeting in Austin, Texas.The Space X founder said both shareholder