FDIC

The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.

Source: fdic.gov

First Citizens Snaps Up Big Chunk of SVB
First Citizens Snaps Up Big Chunk of SVB
March 27, 2023  |  News

Seventeen days after its collapse, Silicon Valley Bank has a new owner. First Citizens Bank, a North Carolina lender with a long history of purchasing...

READ MORE >
Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts
Ahead of Hill’s Banking Hearing, Former Treasury Official Says It’s Time to Stop Talking Bailouts
March 27, 2023  |  Banking

If there is one thing that QED Partner Amias Gerety says needs to happen right away, it’s to stop using the world bailout to describe...

READ MORE >
Startups Fear Existential Threat Following Silicon Valley Bank Collapse
Startups Fear Existential Threat Following Silicon Valley Bank Collapse
March 26, 2023  |  Startups

Startups are worried that the Silicon Valley Bank collapse could bring about their own. That’s according to a report Saturday (March 25) by the Financial...

READ MORE >
First Citizens and Valley National Reportedly Competing for SVB Assets
First Citizens and Valley National Reportedly Competing for SVB Assets
March 26, 2023  |  Banking

Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the...

READ MORE >
Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
Customers Bancorp Reportedly Seeks Potential Co-Investors for Silicon Valley Bank
March 24, 2023  |  Partnerships

Customers Bancorp is reportedly working to put together an offer for Silicon Valley Bank. The Pennsylvania-based bank is exploring such a deal and seeking potential...

READ MORE >
McHenry Questions FDIC and Treasury Chiefs on SVB Response
McHenry Questions FDIC and Treasury Chiefs on SVB Response
March 23, 2023  |  Banking

House Republicans want more answers from the White House on the recent banking crisis. The chair and vice chairman of the House Financial Services Committee...

READ MORE >
Silicon Valley Bank Reportedly Accelerated Insider Loans in Last Months
Silicon Valley Bank Reportedly Accelerated Insider Loans in Last Months
March 22, 2023  |  Loans

Silicon Valley Bank began giving more loans to insiders after regulators identified some bank weaknesses. As Fed examiners saw that Silicon Valley Bank needed to...

READ MORE >
SoFi Partners With Banks to Offer $2 Million FDIC Insurance
SoFi Partners With Banks to Offer $2 Million FDIC Insurance
March 22, 2023  |  Banking

SoFi Technologies is now offering access to additional FDIC insurance. With the new SoFi FDIC Insurance Network, SoFi has partnered with multiple banks to offer...

READ MORE >
Aiming for Stability, Bank Deposit Guarantees May Be No Guarantee
Aiming for Stability, Bank Deposit Guarantees May Be No Guarantee
March 21, 2023  |  Banking

These past few weeks made it seem like everything happened, everywhere, all at once, to the banking system. And in a signal as to just...

READ MORE >