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...Griffin’s stance contrasts starkly with that of Bill Ackman, another high-profile hedge fund manager, who on Monday called for the Federal Deposit Insurance Corporation to “explicitly guarantee all deposits...
...deposit insurance fund had to cover, from the bank failures last year....
...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...
...The Federal Deposit Insurance Corporation announced on Friday that two non-profits and property developer Related Properties had won an auction to acquire a stake in billions of dollars of loans tied to...
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
...It is offering a 15 per cent annual yield on deposits....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Because they were both self-employed — Lacey is a commercial insurance broker, Gary owns a small tech company — they would need to show the bank that, in addition to the 10 per cent deposit, plus all the...
...Deposit Insurance Corporation last year....
...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...
...But while it is large, Canada is largely uninhabited, meaning its people are concentrated in city centers along the US border....
...In many states, as small banks were dropping like flies, the Federal Deposit Insurance Corporation established “lead” banks that were put in “conservatorship” and acquired, in some cases, hundreds of small...
...Why, for example, would US deposit holders bother to stick to the Federal Deposit Insurance Corporation limits now?...
...In a FT recent op-ed, Sheila Bair, a former Federal Deposit Insurance Corp chair and Basel Committee member, described what she thinks are the key elements of the reform and the rationale for them: the phasing...
...Federal Deposit Insurance Corporation officials were told in mid-January that Signature Bank, a New York City-based lender with about $90bn in deposits, was in trouble....
...Recent events had proved that “a deposit base is no longer the stable source of funding that it has, by and large, been ever since the introduction of deposit insurance in the Depression”, he argued....
...By Wednesday, the Federal Deposit Insurance Corporation was asking roughly a dozen banks for informal bids, including what buyers would be willing to pay for First Republic’s deposits and assets, and what...
...That creates significantly more protection from withdrawals than most banks have on their deposits....
...But the Federal Deposit Insurance Corporation, advised by longtime investment banker and former Obama administration official Jim Millstein, became frustrated....
...The brutal defenestration of Credit Suisse by the Swiss authorities, the seizure in effect of SVB by the US Federal Deposit Insurance Corporation and the British regulator-managed sale of its UK subsidiary...
...Another early response to bank runs was deposit insurance. This was first introduced in 1829 by the US state of New York....
...There is not much of a cash-to-asset cushion left for small banks (as a whole), so a funding crisis can easily get rolling if large depositors, generally uninsured ($250,000 is deposit cap for FDIC insurance...
...The results were announced a day after the collapse of First Republic, the second-biggest bank failure in US history and the third time in less than two months that the US Federal Deposit Insurance Corporation...
...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...
...Just days after Lazard cut more than 300 jobs, Orszag was on a panel at the Milken Global Institute’s annual gathering in California pondering debt ceilings and deposit insurance....
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