The case—Ferdowsi v. JPMorgan Chase Bank, N.A., No. 24-cv-04644-MMC—was filed by investor Arash Ferdowsi and the Arash Ferdowsi Revocable Trust, who argue that they have the right to arbitrate ...

Following the string of bank failures in 2023, some banks are even calling for an expansion of the deposit insurance limit, which currently stands at $250,000 per depositor, per insured bank for ...

The Federal Deposit Insurance Corporation (FDIC) filed a massive lawsuit today targeting 17 former executives and directors ...

According to the FDIC, “no depositor has lost a penny” since the agency was founded in 1933. A plan to eliminate bank regulators would require approval from Congress, The Wall Street Journal ...

FDIC insures individual bank deposits up to $250,000, reducing depositor risk. FDIC supervises banks to ensure financial stability and soundness. Recent FDIC interventions stabilized banks in the ...

Signature Bank is liquidating in FDIC receivership - not Ch.11 bankruptcy. Various rent regulations for New York apartments could have a serious negative impact on potential investor recoveries.

The FDIC's plan adopts a "single point of entry" resolution strategy. Under that approach, only the parent holding company of a failed megabank is placed in a Title II receivership. Losses from the ...

It requires the bank to raise some $1.25 million of capital within 90 days, more than double its current capital stock of $1.06 million. The FDIC is requiring the bank to merge with another bank, or ...

After a competitive bidding process, First Citizens Bank announced in March 2023 that it had agreed to purchase out of FDIC receivership substantially all loans and certain other assets and assume ...

Small businesses have considerably less access to bank capital today than they did before the pandemic. By Ben Johnston • 10/17/23 2:02pm A humorous sign in front of Wafels and Dinges restaurant ...

The Federal Deposit Insurance Corp. (FDIC) has kickstarted the sale of a loan portfolio valued at $18.5 billion held by Signature Bank.This portfolio is a collection of debt linked to prominent ...

First Republic Bank is not in Ch.11 bankruptcy - it is in FDIC receivership. Click here to find out the reasons why I consider FRCB stock a neutral/hold.