FDIC

The Federal Deposit Insurance Corporation (FDIC) issued a consent order to Cross River Bank, a crypto-friendly bank with ties to major cryptocurrency firms such as Coinbase Global Inc (NASDAQ: COIN) and Circle (CRYPTO: USDC), concerning alleged "unsafe or unsound banking...

First Republic Bank (NYSE: FRC) is facing a potential FDIC downgrade that would limit the bank's ability to borrow from the Federal Reserve. The U.S. bank regulator may lower its private assessment of First Republic Bank, including its so-called Camel rating, which measures a bank's...

A member of the U.S. Congress could find himself in hot water for some questionable trades around bank stocks prior to the takeover of a collapsed bank by the FDIC and the declining price of many stocks in the sector. What Happened: Rep. Josh Gottheimer (D-NJ) has been one of the most prolific...

Following the collapse of FTX, good news in crypto has been scarce. Often now, it is regulatory enforcement making the headlines. That changed yesterday when Kevin O’Leary shared with Benzinga that WonderFi has merged with Coinsquare and CoinSmart to create Canada’s largest...

Despite Bitcoin's (CRYPTO: BTC) recent price recovery — crossing the 29,000 mark earlier this week — the cryptocurrency market is still facing challenges. One major issue is the low liquidity risk that was exposed due to the closure of Silvergate's (NYSE: SI) SEN...

Former Federal Deposit Insurance Corporation, or FDIC, Chair Bill Isaac reportedly said that regulators were slow to act in the wake of the banking crisis but asserted there's no need for more regulation. What Happened: "I believe they were slow to act — both the state of California, which was the...

The Federal Deposit Insurance Corporation, or FDIC, which is staring at about $23 billion in costs from recent bank collapses, is reportedly mulling to shift a larger-than-usual portion of the burden to the biggest banks in the U.S. What Happened: Officials are considering to limit the strain on...

First Citizens BancShares Inc (NASDAQ: FCNCA) agreed to purchase the troubled Silicon Valley Bank. What Happened: The Raleigh, North Carolina-based First Citizens agreed to a deal to purchase all deposits and loans of SVB, according to a statement issued by the bank. See Also: SVB Employee Who...

Citizens Financial Group Inc (NYSE:CFG) is reportedly constructing a bid to purchase the private banking business of Silicon Valley Bank, which collapsed earlier this month. Citizens, one of the largest U.S. regional banks, is working to submit an offer in the auction of the business, which is...

Satori Fund founder and portfolio manager Dan Niles shorted several banks ahead of the collapse. Now he's looking to squeeze profits out of a pair of tech names. What To Know: Among several other names, Satori was short SVB Financial Group (NASDAQ: SIVB) before a bank...

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution. Recent events, such as the collapse of Signature Bank and SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank have raised questions about...

U.S. authorities are reportedly analyzing means to temporarily expand Federal Deposit Insurance Corp‘s coverage to all deposits, something that a coalition of banks has been calling for, arguing that it's needed to stop a potential financial crisis. Treasury Department staff are studying...

Signature Bank's digital-assets business will not be acquired by a unit of New York Community Bancorp as previously anticipated. Customers' crypto-related deposits, amounting to approximately $4 billion, will be returned to them directly, according to a deal announced by the Federal Deposit...

New York Community Bancorp Inc (NYSE: NYCB) shares are trading higher Monday after the Federal Deposit Insurance Corporation (FDIC) announced NYCB subsidiary Flagstar Bank entered into a purchase agreement for Signature Bridge Bank. Multiple analysts upgraded the stock in the wake of...

The Federal Deposit Insurance Corporation said a wholly owned subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) has entered into a purchase and assumption agreement to buy deposits and certain loan portfolios of Signature Bridge Bank. Last week, the FDIC said it transferred all deposits...