U.S. FDIC Weighs Backstop on Bank Auctions to Attract Smaller Peers – Source
U.S. regulators are considering retaining ownership of securities owned by Signature Bank (SBNY.O) and Silicon Valley Bank (SIVB.O) to allow smaller banks to participate in auction for the collapsed lenders, a source familiar with the matter said on Friday.
What’s Going On? The Silicon Valley Bank Collapse vs. the 2008 Financial Crisis
Here’s a simple explanation to the differences between the collapse of SVB and the 2008 Financial Crisis. The biggest risk for SVB lies in its high concentration in the technology industry.
FDIC Denies Report Signature Bank Purchaser Must Divest Crypto
The Federal Deposit Insurance Corporation denied it would require any purchaser of Signature Bank to divest its crypto activities.
Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'
U.S. regulators may be using recent turmoil in the financial world as a way to kick crypto companies out of the banking system, said Jason Brett, a former regulator at the Federal Deposit Insurance Corporation (FDIC).
Blockchain Association Seeks Documents on Crypto ‘De-Banking’ From FDIC, Fed
The Blockchain Association, one of the largest crypto lobbying groups, is investigating what it says is the potential “de-banking of crypto firms” following the failure of three banks over the past month.
Crypto Evening Briefing: Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
Reuters Report That Any Bank Bidding for Signature “Must Give Up All Crypto Business”
The U.S. Federal Deposit Insurance Corp (FDIC) has started requesting bids from banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank — but whoever bids on Signature cannot have any ties to the crypto industry, according to Reuters.
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 crypto services.
FDIC Returned $40 Bln in U.S. Treasury Funds, Reversing Withdrawal After SVB Takeover
The Federal Deposit Insurance Corp deposited $40 billion back into the U.S. Treasury General Account on Tuesday, reversing a $40 billion withdrawal on Friday as the regulator took control of the failed Silicon Valley Bank, Treasury financial data released on Wednesday showed.
US FDIC May Need Temporary Guarantee for All Bank Deposits -Ex Chief Bair
The Federal Deposit Insurance Corp may need to seek temporary guarantees for all uninsured U.S. bank deposits to stem a drain of funds from small and regional U.S. lenders following deposit bailouts for failed banks SVB Financial and Signature Bank, former FDIC chair Sheila Bair said on Wednesday.
