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Martin J. Gruenberg

Martin J. Gruenberg

Former FDIC Chairman; architect of the original special assessment

Appears in 1 story

Notable Quotes

“The final rule applies the special assessment to the types of banking organizations that benefitted most.” — Martin Gruenberg, FDIC (Nov. 16, 2023)

Stories

The FDIC just cut the SVB/Signature “bailout bill” — and added a refund clause

Rule Changes

No longer leading the FDIC; his 2023 rule set the collection framework

The FDIC spent 2024–2025 billing big banks for the emergency decision to make SVB and Signature depositors whole. Now, with one quarter left in the planned eight-quarter collection, the agency is lowering that final rate and trying to prevent an awkward ending: collecting more than the losses it's legally required to recover.

Updated Yesterday