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...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...the chair of the Federal Deposit Insurance Corporation has warned....
...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....
...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...
...While the Fed, the OCC and Federal Deposit Insurance Corporation have the authority to block deals under banking laws, the US Department of Justice may challenge bank mergers citing antitrust statutes....
...For all US banks the average spread is 3.28 per cent according to the Federal Deposit Insurance Corporation....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...The suburban New York-based institution last March acquired most of Signature’s deposits and just over a third of its assets including nearly $13bn in loans, in a deal arranged by the Federal Deposit Insurance...
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...One of the world’s largest investment groups has complained to the Federal Deposit Insurance Corporation over the way it handled the auction of $33.2bn in loans the US bank regulator absorbed from Signature...
...(This all probably has implications for the uninsured deposit insurance reform debate: Equity markets did lots of bank disciplining, telling us which banks needed to be closed.)...
...In a recession, funding dries up and you don’t have any FDIC insurance, which causes people to run to the banks with their deposits....
...Capture the spread as profit. US regulators believe that bank executives are too easily seduced by that simple calculus. The Federal Deposit Insurance Corporation has therefore proposed new rules....
...According to a Wall Street Journal investigation, the Federal Deposit Insurance Corporation has suffered for years from what former employees described as a “toxic atmosphere” that prompted women to quit...
...Here’s the problem with money-market funds: unlike bank deposits, which are insured up to $250,000 per account by the Federal Deposit Insurance Corporation, money-market funds are uninsured....
...We also have learned since SVB’s failure that the bank was, in fact, using a service to farm out deposits for FDIC insurance....
...The Fed sets rigorous capital and liquidity requirements, along with regular stress tests, to confirm banks’ ability to withstand major adverse shocks....
...The US Federal Deposit Insurance Corporation stepped in at struggling institutions such as Silicon Valley Bank to backstop uninsured deposits. It now wants to recoup the cost to replenish its funds....
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...Some politicians and industry figures have called for the US to adopt a federal-level insurance backstop for climate risks....
...This is visible, for example, in the sharp move up in bank stocks, especially higher-risk regional banks such as Fifth Third, Citizens, KeyCorp, Zions and Comerica (all up 40 per cent or more since late...
...And, for the biggest banks, will they be able to release capital and use it to buy back shares when the latest version of the Basel rules are finalised?...
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...In the second quarter, net interest margins rose at most big US banks, as shown in the chart below from the Federal Deposit Insurance Corporation....
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