Hints and tips:
Related Special Reports
...Peltz, the co-founder and chief executive of Trian Fund Management, told the Financial Times that depositors with more than $250,000 in a US-accredited bank should pay a small insurance premium to the Federal...
...AEL chief executive Anant Bhalla announced a “modest” investment in 26North during an earnings call on Tuesday, speaking of Harris, an Apollo co-founder, as “one of the foremost private equity investors...
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Part II” of a co-ordinated package....
...But despite the rising risks and complexity, Mark Bennett, technology and real estate counsel at Hogan Lovells in Sydney, says companies building data centres will be guided first and foremost by return...
...Deposit Insurance Corporation last year....
...Following the collapses of Silicon Valley Bank and Signature Bank, some dismissed the very need for small banks....
...The UK’s Takeover Panel, which oversees local deal activity, has named Barclays’ co-head of M&A for Emea Omar Faruqui, as its director-general....
...The sales on behalf of the Federal Deposit Insurance Corporation were arranged in a matter of weeks....
...It was well documented that Silvergate Capital, Silicon Valley Bank, Signature Bank and First Republic all borrowed from their local FHLB before failing earlier this year....
...New York-based Signature was seized by regulators days after SVB was shut down....
...First Republic’s failure followed the same trail as Silicon Valley Bank and Signature Bank in March....
...All three were facilitated by the US Federal Deposit Insurance Corporation, the agency forced to seize the banks after debilitating bank runs by depositors....
...It is important that bad businesses be allowed to fail, and Signature, Silicon Valley and First Republic were all demonstrably bad businesses....
...Rising interest rates have caught out several US lenders, beginning with the collapse of Silicon Valley Bank and Signature Bank in March....
...Fisher Landau began collecting art in earnest after a jewellery theft from her New York home in 1969 resulted in a hefty insurance payout....
...Sharing First Republic’s loan losses with JPMorgan will limit the costs to the Federal Deposit Insurance Corporation to $13bn....
...The agency estimates the deal will cost the insurance fund $13bn. Why was JPMorgan allowed to buy First Republic?...
...Separately, the central bank also disbursed $142.8bn to guarantee all deposits at SVB and Signature Bank....
...That lack of cash has now become a major issue for regional banks well beyond SVB and Signature....
...Without it, the payments group can’t offer a full suite of lending services nor offer customers the security of the UK’s deposit insurance scheme....
...One question is whether the FDIC and the Fed would need to grant a so-called “systemic risk exemption” as they did with Silicon Valley Bank and Signature Bank last month, which enables the FDIC to guarantee...
...Monday’s transaction follows the FDIC’s seizures last month of SVB and Signature Bank, in which government authorities invoked a so-called systemic risk exemption....
...It’s comprised of prominent Genoese and a board whose star power includes Blackstone’s Schwarzman, Kwan Yoon, general partner of BlueRun Ventures and Rolly Van Rappard, the Dutch co-founder and co-chair...
...Assured Guaranty provides a niche type of insurance that pays out to lenders if a borrower defaults on its loans....
International Edition