The justices summarily ruled against the agency Monday. Here’s why the government’s decision to essentially concede defeat in the case may have been a smart move.
May 25, 2023 at 09:10 AM
5 minute read
The federal government is technically the losing party in Monday’s U.S. Supreme Court ruling forcing the Federal Deposit Insurance Corp. back to square one in its enforcement action against the former CEO of a Michigan community bank.
And yet, there’s reason to think the decision was a welcome one for regulators.
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Federal Deposit Insurance Corporation building in Washington, D.C. Photo: Diego M. Radzinschi/ALM
