The Business Times
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Signature Bank

Banking & Finance

FDIC offloads US$10.5 billion of SVB loans that hung over market

The marketing of the debt is the latest phase of the FDIC’s offloading of roughly US$60 billion of Signature Bank loans.
Companies & Markets

FDIC starts marketing US$33 billion of Signature property debt

The collapse of Silicon Valley Bank and Signature Bank in March triggered massive deposit withdrawals and placed renewed focus on lenders’ financial health.
International

US banks hold US$3.3 trillion cash amid banking crisis, slowdown worries

The ECB welcomed the changes, which aim to avoid bailouts by the taxpayer, but said they should go further and make it easier for a failing bank to be taken over.
International

ECB backs draft EU rules for winding down smaller banks

The FDIC says the US$472 billion in deposit outflows in the first quarter is primarily uninsured funds, as insured deposits actually rose US$255.1 billion, or 2.5 per cent
Companies & Markets

US bank deposits fall at record pace in Q1 as profits remained steady: FDIC

The FDIC’s Quarterly Banking Profile, which will cover the first three months of 2023, is by definition backward-looking.
Companies & Markets

FDIC to release report on bank system health spanning SVB, Signature Bank failures

Gregory Becker, the former chief executive of Silicon Valley Bank, testifies before a Senate Banking, Housing and Urban Affairs Committee hearing to examine the failures of Silicon Valley Bank and Signature Bank on Capitol Hill in Washington, May 16, 2023.
International

Former SVB head draws outrage at hearing on US bank failures

What the post-mortem reports from the Fed and FDIC reveal is, among other things, how haphazardly the failed banks were run, compared with the super-professional show they put on for investors.
Opinion & Features
THE BOTTOM LINE

You don’t want to know how banks make their sausage

Signature is the third bank to fall after Silvergate Bank and Silicon Valley Bank.
Companies & Markets

FDIC says Signature oversight hampered by lack of New York Staff

The government hired BlackRock to sell the collapsed banks’ securities earlier in April, highlighting the firm’s role as an adviser to regulators in times of financial peril.
Companies & Markets

BlackRock to kick off sales of failed banks’ securities for FDIC

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