North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank March 28, 2023 North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley...
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...
U.S. Announces it Will Stem SVB Fallout, Customers to Have Deposit Access March 13, 2023 By Andrea Shalal , Sarah N. Lynch and Lananh Nguyen Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the...
A Major Bank Failed. Here’s Why It’s Not 2008 Again March 13, 2023 By Ken Sweet The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced...
Banks Should Be More Cautious on Crypto Contagion Risks, U.S. Regulators Warn January 4, 2023 By Hannah Lang Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators...
FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance August 1, 2022 By Pete Schroeder A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which...
Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect August 25, 2020 Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest...
Regulators Disagree Over Giving Fintechs Federal Charter to Skirt State Rules January 14, 2019 By Pete Schroeder The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc. or Kabbage Inc. access to...
Report: U.S. Making Progress Against ‘Too-Big-to-Fail’ Bailouts April 15, 2013 By David Henry and Emily Stephenson For the past year, a special team of U.S. bank regulators has been on a quiet mission to end the...
Senate Debates Renewal of Federal Deposit Insurance But House May Balk December 11, 2012 By Emily Stephenson The U.S. Senate voted on Tuesday to begin debating a bill that would keep a financial crisis-era deposit insurance program...