Tag: FDIC
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office [...]
OKX-Affiliated OKCoin Accused by FDIC of Making False Claims About Customer Protections
The agency cited three examples of “false and misleading representations,” including a mention on its website that the Provenance Blockchain’s HASH to [...]
Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans [...]
Signature Bank failed to understand risks associated with crypto: FDIC chair
Investigations around the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insuranc [...]
FDIC pins Signature Bank’s failure on poor governance and illiquidity
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and ina [...]
FDIC alleges Cross River engaged in ‘unsafe’ lending practices
The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coi [...]
FDIC Cites Poor Management, Contagion Risk as Key Contributors to Signature Bank Failure
The Federal Deposit Insurance Corporation (FDIC) published a 63-page report outlining issues Signature faced, attributing its failure to “poor managem [...]
FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg
Martin Gruenberg, chair of the United States Federal Deposit Insurance Corporation, has said the FDIC plans to return roughly $4 billion in deposits c [...]
FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure
The FDIC has been reaching out to customers connected to the money, encouraging them to find another bank to transfer the funds to. If they can’t, the [...]
Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing
The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Depo [...]
First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC
In a statement, the FDIC said that all depositors of Silicon Valley Bridge Bank, the bridge bank set up by the FDIC after SVB’s failure, will automati [...]
Signature Bank Deposits to Be Assumed by New York Community Bank Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., as of Monday.
www.coindesk.com [...]
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among [...]
US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report
The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next t [...]
FDIC Weighs Holding Signature, SVB’s Underwater Assets to Help Auctions – Forex Factory
FDIC Weighs Holding Signature, SVB’s Underwater Assets to Help Auctions Forex Factory
www.forexfactory.com [...]