You Searched For "us federal deposit insurance corporation" and got 20 results
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2 mins read
Bank profits slouched 70% in the first quarter as lenders set aside billions for default protection
Cash protecting against soured loans jumped to $197 billion from the year-ago $125 billion sum as l…
Ben Winck
2 mins read
Big name investors like Bill Ackman are calling on the FDIC to insure all deposits, but that would only cost banks' customers more, former FDIC chair says
"You can change the limit to whatever number you want, and you're not going to prevent what happene…
Jennifer Sor
2 mins read
US stocks rise as investors cheer strong corporate earnings and shake off banking fears
The Dow closed out its best month since January, while 79% of S&P 500 companies that reported earni…
Jennifer Sor
1 min read
Jim Bianco tells regulators to offer unlimited insurance on bank deposits like they did in 2008 because '$250k is a made-up number'
Bianco called for action following the collapse of Silicon Valley Bank and telling lenders to raise…
Sam Tabahriti
1 min read
The US government's been selling SVB and First Republic's wine collections. Past bank failures have put far weirder assets in federal hands.
The FDIC has reportedly seized 25,000 pounds of frozen rabbit, a stake in the Dallas Cowboys, and e…
Theron Mohamed
2 mins read
Warren Buffett says fears of bank runs and a US debt default are dangerous - and people need to be told their deposits are safe
If the US government didn't guarantee SVB's deposits, there would have been widespread bank runs an…
Theron Mohamed
3 mins read
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
The US government shut another financial institution on Sunday. This time it was Signature Bank, wh…
Alistair Barr
3 mins read
Silicon Valley Bank depositors will have access to their money starting Monday: US Treasury Secretary
In a step aimed at protecting the US economy by strengthening public confidence in the country's ba…
PTI
2 mins read
Treasury Secretary Janet Yellen says the US banking crisis is 'stabilizing' and the government could provide more backing for deposits
Officials were looking into how to temporarily expand FDIC coverage to all deposits if the banking …
Carla Mozée
2 mins read
Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'
"Spreading the risk of financial contagion to achieve a false sense of confidence in FRB is bad pol…
Huileng Tan
1 min read
Silicon Valley Bank's failure will cost $20 billion – that's almost a sixth of the pool of funds that insures US depositors
The FDIC's Deposit Insurance Fund balance stood at $128.2 billion as of late 2022.
Zahra Tayeb
2 mins read
The Silicon Valley Bank rescue means regulators have guaranteed deposits for the entire US financial system, Evercore founder Roger Altman says
"If the taxpayer is guaranteeing the key liability, should the taxpayer allow the shareholders to r…
Filip De Mott
2 mins read
Retiring baby boomers are driving a US credit-market rally
Annuity sales hit a fresh all-time record of $385 billion in 2023 as higher Fed interest rates boos…
Filip De Mott
4 mins read
SVB solution ensures taxpayer dollars are not put at risk: President Biden
The US President, Joe Biden, assures the American people and businesses that a resolution of the co…
PTI
3 mins read
Stock markets inch close to 52-week highs as US inflation data cools
Sensex gained 1,000 points to 60,617 while Nifty50 rose by 290 points to 18,313 in early trade on F…
2 mins read
Troubled commercial real estate loans outstrip reserves at top US banks
The volume of delinquent commercial mortgages held by US banks soared to $24.3 billion last year, u…
Yuheng Zhan
6 mins read
How China handled 3 high-profile corporate meltdowns, including companies considered too big to fail — and what that could tell us about Evergrande's future
Anbang, Baoshang, and HNA are three of China's most high-profile corporate meltdowns in recent year…
Huileng Tan
7 mins read
Bonds vs. CDs: The key differences and how to decide which income-producing option is better for you
Bonds and CDs (certificates of deposit) are both reliable income-producing investments. CDs offer l…
Clint Proctor
1 min read
First Citizens Bank reaches deal to purchase deposits, loans of Silicon Valley Bank
"Customers of Silicon Valley Bridge Bank, National Association, should continue to use their curren…
2 mins read
PacWest falls 17% as the California bank borrows cash following a 20% drop in deposits
PacWest said it's been proactive in bolstering liquidity during a rough period for regional lenders…