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Showing 1 - 10 of 21 results for "Federal Deposit Insurance Corporation"

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... coincides 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 ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... will 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. ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... made 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 ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained BlackRock Financial Market Advisory to sell the securities of the two collapsed banks. ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... 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 Bank of Santa Clara to protect insured depositors, transferring ...

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. ...

Pension funds apply pressure on climate change

ELIZABETH MCARTHUR  |  THURSDAY, 23 JUL 2020
... the country." The message was sent to the Federal Reserve, Comptroller of the Currency, Federal Deposit Insurance Corporation, the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission, Federal Insurance Office, Federal Housing ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... was needed include: Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission. The Volcker Rule is the section ...

Glass-Steagall Act reintroduced to US Senate

ALEX DUNNIN  |  THURSDAY, 9 JUL 2015
... separate traditional banks that have savings and checking accounts and are insured by the Federal Deposit Insurance Corporation from riskier financial institutions that offer services such as investment banking, insurance, swaps dealing, and hedge fund ...

Volcker Alliance proposes new US regulator system

ALEX DUNNIN  |  MONDAY, 27 APR 2015
... functions of the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation and prudential supervisory functions currently performed by the Securities and Exchanges Commission (SEC) and the Commodities ...
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