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...The Federal Deposit Insurance Corporation is auctioning the loan book and other parts of the California lender after a bank run led to its collapse this month....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...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....
...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....
...Late last year, the Federal Deposit Insurance Corporation proposed requiring banks to disclose more data on what types of shadow banks they are lending to....
...Data from the Federal Deposit Insurance Corporation shows it remained at a rate of just 1.5 per cent at the end of the third quarter....
...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...
...It has become clear this weekend to both First Republic and the government that stabilising the bank will almost certainly require the Federal Deposit Insurance Corporation to take it over, four people briefed...
...by direct access to Fed liquidity and federal deposit insurance....
...There followed a deposit run of hitherto unimaginable speed at SVB and other regional banks....
...“Even though the FDIC [Federal Deposit Insurance Corporation] limit is $250,000 . . . that is not the way the US is going to behave anymore than they’re going to let the debt ceiling let the world go into...
...The Federal Deposit Insurance Corporation, which is leading the government effort, received bids from banks including JPMorgan Chase, PNC and Citizens, according to three sources with knowledge of the situation...
...The market has coped well with BlackRock’s steady selling of the $114bn in MBS and other assets inherited by the Federal Deposit Insurance Corporation from the collapses of Silicon Valley Bank and Signature...
...Insurance Corporation could chose to dump the portfolio and push down prices....
...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...
...Charging a small insurance premium to guarantee deposits that exceed the Federal Deposit Insurance Corporation’s current $250,000 insurance cap, Peltz believes, “should stop the deposit outflow from the...
...Lawmakers including Elizabeth Warren, the progressive Democratic senator from Massachusetts, repeatedly asked Becker and Shay if they would return their pay to the Federal Deposit Insurance Corporation,...
...SVB was taken over by the Federal Deposit Insurance Corporation on March 10 after it announced a $1.8bn loss on sales of securities, sparking a share price collapse and a deposit run....
...About 95 per cent of customer deposits were over the $250,000 federal insurance cap....
...The broker on Monday issued a statement following a release of flows data from February, emphasising that 80 per cent of the company’s bank deposits were within the Federal Deposit Insurance Corporation...
...The US banking industry has $620bn of unrealised losses on securities holdings as a result of rising interest rates, according to the Federal Deposit Insurance Corporation....
...The deposits are receiving interest at the market rate and are too large to be covered by the Federal Deposit Insurance Corporation....
...The Federal Deposit Insurance Corporation, the US regulator that guarantees bank deposits of up to $250,000, said it was closing SVB and that insured depositors would have access to their funds by Monday...
...But their large deposits exceeded the Federal Deposit Insurance Corporation’s insurance limits and were susceptible to flight....
...As the government fought to contain the fallout from the failure of SVB — which on Friday was taken over by the Federal Deposit Insurance Corporation after customers withdrew deposits en masse — attention...
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