The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers. The...
Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can be very big undertakings,” Capital One CEO Richard Fairbank said Tuesday...
Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial...
In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action. This...
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed...
Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. The Federal Deposit Insurance Corp. (FDIC) is set to open a data...
Do banks need to fail — and get government help — before buyers come forward? A report by Reuters Friday (May 5) citing industry sources said...
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO...
Federal authorities are investigating Goldman Sachs’ work with Silicon Valley Bank ahead of its collapse. Goldman Sachs revealed the probe in a regulatory filing Thursday (May 4) with the Securities and...