Senators question regulators’ role in SVB collapse
During a Senate Banking Committee hearing this week, regulators agreed that rules governing financial institutions should be strengthened to better ...
Tag: FDIC
Gruenberg: Deposit fund assessment proposal coming in May
The FDIC estimates that the cost of resolving Silicon Valley Bank will likely be $20 billion, which will be recovered ...
First Citizens Bank acquires SVB deposits, loans
The FDIC announced late Sunday that First Citizens Bank & Trust of Raleigh, North Carolina, has agreed to purchase and ...
FDIC: Deposit rates slowed but remained steady in 2022
Deposit growth rates for the banking industry moderated for the year ending on June 30, 2022, returning to roughly the ...
Sen. Brown asks regulators for ‘comprehensive review’ of bank failures
As regulators conduct their reviews, Brown said they should look for “broader vulnerabilities” in the banking system and take steps ...
FDIC: Institutions required to meet contractual obligations with bridge banks
Following the opening by the FDIC of two bridge banks, Silicon Valley Bridge Bank and Signature Bridge Bank, to assume ...
Gruenberg: Rising interest rates could cut into bank profitability
The current interest rate environment has had “dramatic effects” on the profitability and risk profiles for banks’ funding and investment ...
FDIC: Banks showed continued strength in 2022
FDIC-insured banks and savings institutions earned $68.4 billion in the fourth quarter 2022, a decrease of $3.3 billion, or 4.6%, ...
Regulators: Banks that offer crypto deposits must mitigate risks
Banking regulators this week issued a joint statement reminding financial institutions of their risk management obligations should they offer depository ...
Watchdog report identifies top challenges faced by FDIC
A report released this week by the Office of Inspector General identified nine challenges the FDIC faces that could affect ...
