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...Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation, the chair of the Federal Deposit Insurance Corporation...
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on X...
...Bankers and industry executives are expecting more corporate carve-outs, when a private equity firm buys a business unit from a large corporation, such as GTCR’s $18bn carve-out of payments company Worldpay...
...brooke.masters@ft.com Follow Brooke Masters with myFT and on social media...
...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...
...generous” and “could have done more to effectively challenge” management on its plans for dealing with rising interest rates and liquidity risk before its failure this year, the Federal Deposit Insurance Corporation...
...Share buybacks are a growing practice among publicly traded corporations....
...required to submit much more detailed resolution plans and required to raise new unsecured debt that could be used to recapitalise a failed bank, Martin Gruenberg, chair of the Federal Deposit Insurance Corporation...
PacWest’s $3.5bn deal with Ares is latest after industry turmoil this spring
...“There’s a backlash against corporations using commercial power to advance political and social agendas,” he said....
...The group announced a deal with Avaloq, a Swiss provider of banking software owned by Japan’s NEC Corporation....
...Details of the sale were disclosed in marketing materials sent to large investors in recent days by First Financial Network, the loans specialist handling the sale on behalf of the Federal Deposit Insurance Corporation...
...And so the Federal Deposit Insurance Corporation, the FDIC, had to step in....
...The Federal Deposit Insurance Corporation said in a report on Monday that such a targeted increase would be more cost effective and less likely to promote risky behaviour by bank bosses than removing the...
...The two companies have also signed a long-term partnership that will see Great-West Lifeco’s parent, the Power Corporation of Canada, allocate $25bn to Franklin’s alternative investment funds, which had...
...In the US, these losses ballooned from just $8bn at the end of 2021 to more than $620bn at the end of 2022 for lenders insured by the Federal Deposit Insurance Corporation....
...First Republic and its advisers have been working on a private-sector solution that would keep the bank from being taken over by the Federal Deposit Insurance Corporation, according to people briefed on...
...brooke.masters@ft.com This article has been updated since initial publication after the takeover of First Republic by regulators on Monday...
...PacWest’s decision to seek a buyer or fresh capital, which was first reported by Bloomberg, comes days after the Federal Deposit Insurance Corporation seized First Republic and sold its deposits and assets...
...Republic’s advisers are working on a private-sector solution they hope can overcome scepticism in Washington and keep the embattled California bank from being shut down by the Federal Deposit Insurance Corporation...
...Rapid deposit outflows, particularly from accounts too large to be covered by the government insurance scheme, were the main reason the Federal Deposit Insurance Corporation shut down SVB, Signature and...
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