First Citizens to Acquire Silicon Valley Bank
The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.
Posted inBanking and Financial Institutions Brown, Sherrod Deposit Insurance Exchange Stabilization Fund (United States Treasury) Federal Deposit Insurance Corp Federal Reserve System McHenry, Patrick T Powell, Jerome H Regulation and Deregulation of Industry Signature Bank Silicon Valley Bank Treasury Department United States Economy United States Politics and Government
Powell and Yellen Suggest Need to Review Regulations After Bank Failures
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
Posted inBanking and Financial Institutions Federal Deposit Insurance Corp Federal Reserve System First Republic Bank Interest Rates Real Estate (Commercial) Recession and Depression Signature Bank Silicon Valley Bank Stocks and Bonds United States Economy
Bank Crisis Could Cast Pall Over Commercial Real Estate Market
The market hadn’t fully rebounded from the pandemic. Some worry that another slowdown could add to fears of a recession.
Posted inBanking and Financial Institutions Deposit Insurance Federal Deposit Insurance Corp Federal Reserve System First Republic Bank Khanna, Ro Law and Legislation Regulation and Deregulation of Industry Signature Bank Silicon Valley Bank Treasury Department United States Politics and Government
Push to Insure Big Deposits Percolates on Capitol Hill
The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.