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

Yellen Says Community Banks Probably Won’t Get SVB Treatment
Yellen Says Community Banks Probably Won’t Get SVB Treatment
March 16, 2023  |  Banking

Treasury Secretary Janet Yellen isn’t playing favorites, just protecting the U.S. banking system. She told lawmakers Thursday (March 16) that “Americans can feel confident that...

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SVB’s Failure Could Doom Affordable Housing Projects
SVB’s Failure Could Doom Affordable Housing Projects
March 16, 2023  |  Banking

Silicon Valley Bank’s collapse could have grim implications for Bay Area affordable housing projects. While the bank was known for funding tech startups, it also...

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SVB Crisis Spurs Greater Call for Bank Regulations, New Investigations
SVB Crisis Spurs Greater Call for Bank Regulations, New Investigations
March 15, 2023  |  Banking

New laws, and new investigations, often follow bank crises.  And after the collapse of two banks and one self-liquidation in just five days, calls are growing both for a...

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For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
March 15, 2023  |  Regulation

There are no guarantees in life, except for insuring bank deposits up to $250,000. Or maybe more. In just about a week, three banks have...

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FDIC Prefers Banks Over Other Entities as Silicon Valley Bank Bidders
FDIC Prefers Banks Over Other Entities as Silicon Valley Bank Bidders
March 15, 2023  |  Banking

The pool of potential buyers of Silicon Valley Bank may be narrower than previously thought. The Federal Deposit Insurance Corporation (FDIC), which took over the...

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Silicon Valley Bridge Bank CEO Invites Depositors to Return
Silicon Valley Bridge Bank CEO Invites Depositors to Return
March 14, 2023  |  Banking

Silicon Valley Bridge Bank, is open for business and actively opening new accounts. The newly created “bridge bank,” operated by the Federal Deposit Insurance Corporation (FDIC)...

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House Financial Services Chair to Probe ‘Supervisory Failures’ at SVB
House Financial Services Chair to Probe ‘Supervisory Failures’ at SVB
March 14, 2023  |  Banking

A top House Republican says Americans should be confident in the country’s financial system in spite of recent banking failures. “The Fed is doing what...

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Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
March 14, 2023  |  Digital-First Banking

A lot of money is moving this week, but not in a good way. In the five days since last Wednesday (March 8), three US...

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FDIC Plans to Try Again to Sell Silicon Valley Bank
FDIC Plans to Try Again to Sell Silicon Valley Bank
March 13, 2023  |  Banking

Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12)...

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