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...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...
...“In the failure of SVB, numerous potential bidders were excluded from the process, and as a result the cost to the FDIC deposit insurance fund might not have been minimised.”...
...Not the bit about GA being a home-run investment, which is true to date; the bit about selling PE funds to insurance clients....
...Protecting Deposit Insurance Fund resources is important to depositor confidence. Minimising losses reduces the risk that healthy banks will have to pay more to replenish the DIF....
...Twelve months after the failure of Silicon Valley Bank shook the regional banking sector, NYCB’s recent struggles have underscored the continuing fragility at some US lenders....
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Portfolio insurance — a dynamic hedging strategy based on stop losses which was designed to let pension funds hold a higher equity allocation ‘safely’— was deemed the villain of the 1987 crash....
...In Silicon Valley, his politics have made him a pariah, the FT reveals....
...There, an ominous-looking chart started doing the rounds, showing that the cost of buying insurance against a default on debt by the German bank had rocketed higher....
...Lifting the insured deposit cap would require the FDIC fund to be 70 to 80 per cent bigger, a jump the industry would have to fund....
...deposit insurance fund had to cover, from the bank failures last year....
...That job came to the fore earlier this year when Silicon Valley Bank, Signature and First Republic fell over, sending US regional banks into a brief tailspin....
...Silicon Valley Bank’s former CEO Greg Becker went before Congress last May to tell the SVB story....
...It accused the regulator, which has a mandate to minimise losses to its insurance fund, of picking some winning bidders for assets at prices substantially below the highest offer....
...Federal Deposit Insurance Corp chair Martin Gruenberg has warned that the sharp rise in this “hot money” presents liquidity risks....
...First, in the hunt for better than near-zero returns at home, Japanese institutions, including pension funds, life insurance companies and banks, have become major international investors....
...to recover the $18.5bn last year’s failures of Silicon Valley Bank and Signature cost the regulator’s insurance fund....
...British banks have been spared the imminent cost of pre-funding a multibillion-pound deposit insurance guarantee scheme after the collapse of Silicon Valley Bank’s UK arm in March exposed weaknesses in existing...
...(FT) Generali executive warns on private equity funds in insurance (FT) KPMG UK partnership shrinks to half the size of rival PwC (FT) X chief Linda Yaccarino resists pressure from advertisers to quit...
...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....
...Schwartz has been clear that as he forges his strategy, he believes Carlyle’s stock is undervalued....
...“One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...When banks fail, there’s something called the Federal Deposit Insurance Corporation, and it has a fund which rescues banks and insures the deposits of average Americans....
...But crises happen in 8Ks — the normally innocuous ad hoc filings that also accompany company emergencies — not 10Ks....
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