Crypto-linked Cross River Bank receives FDIC order
Cross River Bank has received a consent order from the FDIC demanding further oversight, according to a filing made ...
Wednesday, June 7, 2023
Tag: FDIC
FDIC says Signature Bank failed due to mismanagement, risky crypto deposits
The U.S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that the root cause ...
FDIC Cites Poor Management, Contagion Risk as Key Contributors to Signature Bank Failure
The Federal Deposit Insurance Corporation (FDIC) published a 63-page report outlining issues Signature faced, attributing its failure to “poor ...
FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure
The FDIC has been reaching out to customers connected to the money, encouraging them to find another bank to ...
First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC
In a statement, the FDIC said that all depositors of Silicon Valley Bridge Bank, the bridge bank set up ...
FDIC Denies Report Signature Bank Purchaser Must Divest Crypto
The acquirer will tell the FDIC “what assets and liabilities from the failed bank it is willing to take,” ...
Congressman Emmer attacks FDIC for ‘weaponizing’ bank closures to attack crypto
Tom Emmer, Republican Congressman for Minnesota, wrote a letter to the Chairman of the Federal Deposit Insurance Corporation (FDIC), ...
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
Grant Butler, an attorney at the K&L Gates law firm, told CoinDesk the SVB receivership is structured differently from ...
Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the ...
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
"I am alarmed by the failure of Silicon Valley Bank, which marks the second largest bank failure in U.S. ...
