News

First Republic Bank‘s former officers and auditor escaped a proposed class action after a federal judge ruled the investors ...
Studying proprietary FDIC data, the researchers found evidence that the PE acquisitions of failed banks had positive effects on local economies, potentially saving further losses for the FDIC, and ...
Both agreements included binding arbitration clauses. After First Republic Bank was placed into FDIC receivership, JPMorgan Chase Bank, N.A. acquired the bank’s assets—including its ownership ...
The watchdog also found some aspects of the FDIC’s readiness efforts, to fulfill its resolutions and receivership duties, “are not sufficiently mature and require improvement” to minimize losses to ...
And when a bank goes into receivership, the FDIC manages it. Banks and their lobbyists aren’t happy with a rise in regulations over the past four years. A JPMorgan executive, speaking at the ...
The latest FDIC receivership quarterly report was disappointing and very confusing. Signature Bank is liquidating in FDIC receivership - not Ch.11 bankruptcy. Various rent regulations for New York ...
Losses from the receivership are imposed on the holding company's shareholders and owners of the holding company's long-term debt. The FDIC provides the necessary funding to maintain the continued ...
For the FDIC, a forced sale or liquidation would avoid an even messier alternative — putting the bank into receivership and subjecting the Deposit Insurance Fund to a hit, even if it's small. A sixth ...
SVB could have slowly earned its way out of a financial hole rather than implode from a bank run and be in FDIC receivership over the course of a weekend. Blind customer trust in this sense is a ...
The FDIC’s usual operating plan for a failed bank calls for a quick receivership process that seeks to maximize the value of depositor accounts, the FDIC insurance fund, and the assets for any ...
For example, a receivership with $1.2 million in cash would be able to open and maintain five separate accounts at FDIC-insured institutions, keeping the balances at each bank below the $250,000 ...
But only for a bank it is placing in receivership. So, in the case of SVB and Signature, the systemic risk exception allowed the FDIC to cover uninsured depositors at those two banks. But it did ...