Stay updated with breaking news from Greg Carmichael. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The FDIC named Greg Carmichael, who retired last year as CEO of Fifth Third Bancorp, to run a bridge bank that will hold Signature's deposits and most of its assets.
US regulators close down New York-based Signature Bank, a big lender in the country's crypto industry, in a desperate attempt to backstop the banking crisis and quell concerns among customers about the safety of their deposits.
Industry veteran Greg Carmichael will lead the successor to the failed Manhattan-based bank
Tim Mayopoulos, who led the government-sponsored enterprise for six years following the Great Recession, will oversee the FDIC-created entity intended to protect Silicon Valley Bank depositors.
Customers at Signature Bank can rest assured that their deposits are safe following the bank's spectacular collapse and abrupt federal takeover, Governor