FDIC

The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.

Source: fdic.gov

Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
March 24, 2023  |  Acquisitions

Customers Bancorp is reportedly working to put together an offer for Silicon Valley Bank. The Pennsylvania-based bank is exploring such a deal and seeking potential...

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McHenry Questions FDIC and Treasury Chiefs on SVB Response
McHenry Questions FDIC and Treasury Chiefs on SVB Response
March 23, 2023  |  Banking

House Republicans want more answers from the White House on the recent banking crisis. The chair and vice chairman of the House Financial Services Committee...

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Silicon Valley Bank Reportedly Accelerated Insider Loans in Last Months
Silicon Valley Bank Reportedly Accelerated Insider Loans in Last Months
March 22, 2023  |  Loans

Silicon Valley Bank began giving more loans to insiders after regulators identified some bank weaknesses. As Fed examiners saw that Silicon Valley Bank needed to...

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SoFi Partners With Banks to Offer $2 Million FDIC Insurance
SoFi Partners With Banks to Offer $2 Million FDIC Insurance
March 22, 2023  |  Banking

SoFi Technologies is now offering access to additional FDIC insurance. With the new SoFi FDIC Insurance Network, SoFi has partnered with multiple banks to offer...

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Aiming for Stability, Bank Deposit Guarantees May Be No Guarantee
Aiming for Stability, Bank Deposit Guarantees May Be No Guarantee
March 21, 2023  |  Banking

These past few weeks made it seem like everything happened, everywhere, all at once, to the banking system. And in a signal as to just...

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FDIC Seeing ‘Substantial Interest’ in Silicon Valley Bank
FDIC Seeing ‘Substantial Interest’ in Silicon Valley Bank
March 20, 2023  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is seeing “substantial interest” in Silicon Valley Bank. The regulator said Monday (March 20) that it has extended the bidding...

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Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank
Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank
March 20, 2023  |  Banking

First Citizens Bank reportedly aims to buy Silicon Valley Bank. The company — which has bought 20 failed banks over the last 14 years —...

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Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
March 20, 2023  |  Cryptocurrency

One of the crypto sector’s favorite banks, Signature, has a new home.  As of Monday (March 20), the former crypto-friendly lender’s doors are open again...

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EU FinTechs Give EMI ‘Safeguarding’ Policy a Fresh Look Post SVB Collapse
EU FinTechs Give EMI ‘Safeguarding’ Policy a Fresh Look Post SVB Collapse
March 20, 2023  |  Banking

If there’s a lesson that FinTechs must learn from Silicon Valley Bank’s (SVB) collapse, it’s the need to diversify their banking partners to include electronic...

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