FDIC

FDIC chairman Martin Gruenberg recently outlined the risk of banks holding unrealized losses before Silicon Valley Bank collapsed. At the Institution of International Bankers on March 6, Gruenberg stated that there were more than $600 billion in unrealized losses held by banks at the year-end of...

Investor and entrepreneur Robert Kiyosaki made a new prediction for the banking sector this week. Here’s what the author of “Rich Dad, Poor Dad” said could happen next. What Happened: Over the past several years, Kiyosaki has recommended that investors buy gold, silver and Bitcoin...

Risk assessment firm Moody’s Corporation (NYSE: MCO) is downgrading the outlook on the U.S. banking sector following the collapse of several banks. The credit rating company is also out with calls on seven regional banks. What Happened: On Monday, Moody’s Investors Services announced...

Moody’s Investors Service has placed six U.S. banks under review for downgrade, saying the action reflects the extremely volatile funding conditions for some lenders exposed to the risk of uninsured deposit outflows. What Happened: The six banks placed under review include First Republic Bank...

A second bank has folded, and the tension is increasing in the U.S. banking industry.  It’s also stunned the commercial real estate (CRE) industry, not only with soon-to-be-vacant bank properties but because of the loans held by the defaulting banks. First, California regulators closed...

Regional banks have been in the spotlight after the collapse of SVB Financial (NASDAQ: SIVB) last week. Many of the regional bank stocks began Monday trading down by double digits. A stock previously recommended by Jim Cramer is among the biggest decliners, and another favorite of his from 2023 is...

On Friday, the U.S. federal government stepped in to take over Silicon Valley Bank (NASDAQ:SIVB) in an effort to ensure depositors don't lose trust in the banking system. The Federal Reserve and other agencies feared that the second-largest private bank collapse in U.S. history could have propelled...

An influential lawmaker in the European Union has urged regulators to prevent panic from spreading following the collapse of Silicon Valley Bank, part of SVB Financial Group (NASDAQ: SIVB). Markus Ferber, a representative of the leading center-right party in the European Parliament, called on EU...

Regional bank stocks suffered steep losses on Monday following the recent collapse of SVB Financial Group (Silicon Valley Bank) (NASDAQ: SIVB), which led to the government stepping in to support depositors. The California Department of Financial Protection and Innovation closed the bank...

Almost everyone has heard by now that one of the biggest banks focused on serving startups and innovative tech companies collapsed in a matter of days, but a lot of things played into its eventual destruction. Here's a look at what ultimately led the U.S. government to step in over the...

The collapse of Silicon Valley Bank (NASDAQ: SIVB) last week has sent the banking sector into a spiral, with the government stepping in to help backstop depositors. The news has regional banking stocks trading down significantly on Monday. Here’s what you need to know and the major movers....

In the wake of the deepening banking crisis unfolding in the U.S., Rep. Ro Khanna (D-CA) reportedly said all depositors should be protected and have full access to their accounts by Monday morning regardless of a $250,000 limit. In an interview with CBS, Khanna said he has great respect for...

The Federal Deposit Insurance Corporation said it had transferred all deposits and substantial assets of Signature Bank (NASDAQ:SBNY) to Signature Bridge Bank, N.A., a full-service bank that the agency will operate as it markets the institution to potential bidders. Signature Bank became the third...

Depositors of Silicon Valley Bank (NASDAQ: SIVB) will have access to all their money starting Monday, according to regulators. The Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), and Treasury Department in a joint statement said that the FDIC will complete its...

The Federal Reserve Board on Sunday announced that it will provide additional funding to eligible depository institutions to help them meet the needs of all their depositors, a move that will backstop depositors and protect financial institutions, including SVB Financial Group's (NASDAQ:...