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Showing 1 - 10 of 16 results for "FDIC"

Foreign investors optimistic about Australia

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
Foreign investors are feeling particularly optimistic about Australia, according to Kearney's Global Business Policy Council's 2024 Foreign Direct Investment Confidence Index (FDICI). The survey, which reflects investor sentiment regarding foreign direct ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... with Silicon Valley Bank's (SVB) parent company SVB Financial Group suing the US Federal Deposit Insurance Corporation (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability to access the funds ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic on Monday, in hopes of ending the bitter turmoil within the US banking market. First ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... to rescue the bank and a decision on its takeover could be expected imminently. The Federal Deposit Insurance Corporation (FDIC) previously revealed 11 banks showed their support by depositing $30 billion into First Republic. However, it would seem the ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... comprising agency mortgage-backed securities, collateralised-mortgage obligations, and commercial mortgage-backed securities. The FDIC called on interested parties looking to purchase the securities, saying that the process "will be gradual and orderly ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... should feel confident that their deposits will be there if and when they need them." He added, if banks are taken over by FDIC its management will be fired and said investors in the banks will not be protected. "They knowingly took a risk and when the ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... protected, it said. The New York Department of Financial Services said it took possession of the bank to protect depositors. The FDIC has established and transferred all assets to Signature Bridge Bank, which the FDIC will operate while it markets the ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... Resolution-Related Resource Requirements for Large Banking Organisations, it was noted the Federal Deposit Insurance Corporation (FDIC) typically employs a strategy of selling failed insured depository institutions to another depository institution. ...

Seven US banks close in a week

RUTH LIEW  |  MONDAY, 26 JUL 2010
... after the latter agreed to purchase essentially all the assets of Sterling Bank. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the US Congress to maintain stability and public confidence in the nation's financial ...

US financials a big play: Bennelong SGI

MICHELLE BALTAZAR  |  THURSDAY, 15 APR 2010
... their buy list. "Regional commercial banks that we specially like are those that have the capital today to participate in the FDIC-sponsored auctions of weaker banks," said Whittall. FDIC, which stands for Federal Deposit Insurance Corporation, is an ...
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