Signature Bank
FDIC offloads US$10.5 billion of SVB loans that hung over market
A RISK that is been hanging over an illiquid corner of the United States credit market since last year’s banking crisis seems to have been quietly taken off the table.
FDIC starts marketing US$33 billion of Signature property debt
THE Federal Deposit Insurance Corporation (FDIC) has begun seeking buyers for US$33 billion of commercial property loans from Signature Bank, the latest step in a massive offloading of debt from the b...
US banks hold US$3.3 trillion cash amid banking crisis, slowdown worries
US lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher liquidity rules that could particularly impact mid-sized banks.
ECB backs draft EU rules for winding down smaller banks
The European Central Bank on Thursday (Jul 6) backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across the bloc.
US bank deposits fall at record pace in Q1 as profits remained steady: FDIC
US banks saw total deposits decline by a record 2.5 per cent in the first quarter of 2023, and industry-wide profits were relatively flat after taking into account the effects of two large bank failur...
FDIC to release report on bank system health spanning SVB, Signature Bank failures
THE Federal Deposit Insurance Corporation (FDIC) on Wednesday (May 31) will publish a comprehensive report on the health of the banking system in the period when Silicon Valley Bank (SVB) and Signatur...
Former SVB head draws outrage at hearing on US bank failures
EXECUTIVES from two failed US banks faced tough questioning on Tuesday as senators railed against the lenders’ risk management practices and lofty executive pay.
You don’t want to know how banks make their sausage
Post-mortems from the Fed and the FDIC on Silicon Valley Bank are clues to how financial institutions really operate
FDIC says Signature oversight hampered by lack of New York Staff
THE Federal Deposit Insurance Corp (FDIC) acknowledged it was too slow to respond to problems at Signature Bank before the lender’s rapid collapse last month, partly due to a staffing shortage in its ...
BlackRock to kick off sales of failed banks’ securities for FDIC
BLACKROCK will begin selling failed banks’ securities on Tuesday (Apr 18), launching a months-long process to help the Federal Deposit Insurance Corporation (FDIC) offload US$114 billion of assets it ...
