Tag: FDIC
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 [...]
FDIC Denies Report Signature Bank Purchaser Must Divest Crypto
The acquirer will tell the FDIC “what assets and liabilities from the failed bank it is willing to take,” the spokesperson said, citing the agency’s r [...]
Blockchain Association seeks info from Fed, FDIC, and OCC on ‘de-banking’ crypto firms
The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “d [...]
FDIC asked Signature buyers to stop all crypto business: Report
The United States’ Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks to not support any c [...]
US lawmaker accuses FDIC of using banking instability to attack crypto
Tom Emmer, Majority Whip of the United States House of Representatives, has reiterated concerns that the federal government is “weaponizing” concerns [...]
FDIC to attempt another auction of Silicon Valley Bank: Report
Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now [...]
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
Grant Butler, an attorney at the K&L Gates law firm, told CoinDesk the SVB receivership is structured differently from the Signature Bank receiver [...]
Bitcoin Gains as FDIC Steps In for Silicon Valley Bank
Risky assets pared or reversed early gains during the European trading hours as shares in San Francisco-based First Republic Bank (FRC) nosedived in p [...]
Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said
www.coindesk.com [...]
FDIC bidding for Silicon Valley Bank is in progress: Report
The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reporte [...]
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
"I am alarmed by the failure of Silicon Valley Bank, which marks the second largest bank failure in U.S. history," she said in a statement. "I am clos [...]