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...It is intended to replace thousands of former industrial jobs with opportunities from green energy employers....
...Silicon Valley is coming to Europe, rather than the other way round....
...Twelve months after the failure of Silicon Valley Bank shook the regional banking sector, NYCB’s recent struggles have underscored the continuing fragility at some US lenders....
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...bank First Republic were “too generous” and “could have done more to effectively challenge” management on its plans for dealing with rising interest rates and liquidity risk, the Federal Deposit Insurance Corporation...
...And so the Federal Deposit Insurance Corporation, the FDIC, had to step in....
...The cantonment area, where Indian military barracks have replaced the British army’s, retains some of the green spaciousness (and English street names) of colonial times....
...The FDIC’s first in-depth report into California-based First Republic’s collapse put the blame squarely on “a loss of market and depositor confidence” that had been triggered by the demise of Silicon Valley...
...The watchdog is responding to the failure this spring of Silicon Valley Bank, Signature Bank and First Republic, which were all seized, shut down and sold to larger lenders at a big loss to the FDIC’s deposit...
...Regional and midsized US banks have stepped up efforts to sell off their loan portfolios, looking to raise cash and cut their capital requirements after the failures of Silicon Valley Bank and First Republic...
...The US banking regulator has kicked off the sale of collapsed Silicon Valley Bank’s German operations, seeking bids by July 19 for the $460mn portfolio of loans, leases and other assets....
...The problem also became an existential risk for several banks, including Silicon Valley Bank, Signature, and First Republic....
...regulators recommended partly revamping American deposit insurance to increase the coverage for day-to-day business accounts as a way to reduce the risk of bank runs such as the ones that brought down Silicon Valley...
...BlackRock’s consulting arm warned Silicon Valley Bank, the California-based lender whose failure helped spark a banking crisis, that its risk controls were “substantially below” its peers in early 2022,...
...Another report from the Federal Deposit Insurance Corporation on Friday examined the causes of the collapse of Signature Bank, which failed in early March just days after SVB....
...The Federal Deposit Insurance Corporation said on Monday it would accept separate bids for the main bank, now called Silicon Valley Bridge Bank, and for the private bank, which caters to wealthy customers...
...Silicon Valley Bank and Signature Bank were excluded as they had both failed before reporting March 31 numbers....
...Silicon Valley cannot be left to its own regulatory devices....
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...The biggest US banks will be hit with nearly $16bn in extra fees over two years under a Federal Deposit Insurance Corporation plan to recover its losses associated with rescuing Silicon Valley Bank and Signature...
...The regulators’ move follows weeks of turmoil in the US banking system after the failure of Silicon Valley Bank in March. Read more about First Republic’s fate here...
...Regulators have appointed BlackRock’s advisory arm to help sell a $114bn portfolio of securities inherited in the takeovers of Silicon Valley Bank and Signature Bank when the pair collapsed within days of...
...US regulators have appointed BlackRock’s advisory arm to help sell a $114bn portfolio of securities inherited after the government takeovers of failed lenders Silicon Valley Bank and Signature Bank in March...
...The FDIC took over Signature on March 12, shortly after the failure of Silicon Valley Bank sparked a run on deposits at the New York-based lender....
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