Hints and tips:
...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...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....
...“An investment in the fund is not a bank deposit,” Dreyfus says upfront. “It is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency....
...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...
...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....
...We also have learned since SVB’s failure that the bank was, in fact, using a service to farm out deposits for FDIC insurance....
...to financial advisers and asset management....
...Goldman Sachs and Morgan Stanley, whose businesses skew more towards investment banking and money management, report earnings on Tuesday....
...Among the bank’s $4bn in fourth-quarter charges and expenses included $1.7bn it had to pay as part of a “special assessment” from the Federal Deposit Insurance Corporation to recoup losses linked to last...
...On March 10, the Federal Deposit Insurance Corporation took over the bank. As of that day, according to the FDIC, the bank had $119bn in deposits....
...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...
...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...
...The three banks clubbed together to fire off letters to regulators at the Fed, Federal Deposit Insurance Corporation and Office of Comptroller of the Currency, claiming that the change would allow them “...
...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....
...The Federal Deposit Insurance Corporation and its advisers are considering sales of the entire SVB or specific assets or businesses of the failed bank....
...Nationwide, the average rate on a traditional savings account stands at 0.39 per cent, up from 0.06 per cent a year ago, according 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....
...In a review by the Federal Reserve Board and the Federal Deposit Insurance Corporation, the two banking regulators said on Wednesday there were questions as to whether Citi would be able to produce accurate...
...He writes that last month, Walmart management told him that . . ....
...The screen The US Federal Deposit Insurance Corporation covers more than 4,200 commercial banks, or one lender per 80,000 citizens....
...And so, you know, the main thing to understand about SVB is the S and the V — Silicon Valley, right? It’s taking deposits from Silicon Valley start-ups....
...However, the rules only apply to institutions overseen by banking regulators in the US: the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation....
International Edition