Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury May 1, 2023 The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance...
Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction May 1, 2023 By Scott Murdoch, Niket Nishant and Chris Prentice Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to...
Fed Plans Broad Revamp of Bank Oversight After SVB Failure April 28, 2023 By Ann Saphir, Hannah Lang and Chris Prentice The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for...
First Republic, KPMG Are Sued for Concealing Bank’s Risks April 25, 2023 By Jonathan Stempel First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest...
Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure March 30, 2023 By Hannah Lang The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the...
Regulator Tells Australian Banks to Boost Cyber-Attack Defenses March 28, 2023 By Nabila Ahmed and Carmeli Argana Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent...
Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels March 24, 2023 By Nicholas Comfort and Steven Arons The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered...
U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows March 21, 2023 By Saleha Mohsin and Sridhar Natarajan US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought...
Update: Bank Shares Rise After Credit Suisse Rescue Eases Crisis March 20, 2023 By Amanda Cooper, Tom Westbrook and John Revill U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover...