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Showing 1 - 2 of 2 results for "California Department of Financial Protection"

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... officer William Kosturos said at the time. The embattled bank was closed by the California Department of Financial Protection & Innovation and the FDIC was named receiver. The FDIC transferred all deposits-both insured and uninsured-and assets of the ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... resilient." The US$209 billion Silicon Valley Bank was closed over the weekend by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed receiver and created the Deposit Insurance National ...
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