Federal Deposit Insurance Corporation

Amid a thriving economy, former United States Federal Deposit Insurance Corporation (FDIC) Chief Sheila Bair has raised alarms over the Federal Reserve’s potential rate cuts. What Happened: Despite the economy showing positive signs such as increasing wages, a strong stock market, and robust...

The Federal Deposit Insurance Corporation (FDIC) has accused cryptocurrency exchange OKCoin of making false and misleading claims regarding its insured status. This week, the FDIC sent a cease-and-desist letter to OKCoin, demanding the immediate correction of the claims. Allegations...

Shark Tank's Mark Cuban had one "big question" in March, as news of the contagion following the collapse of Signature Bank and Silicon Valley Bank spread. What Happened: In a Twitter post, Cuban asked, “Now that the FDIC has protected...

The U.S. is reportedly set to exempt smaller banks from kicking in extra money to refill the government's deposit insurance fund and instead saddle the biggest lenders with bulk of the bill. What Happened: The Federal Deposit Insurance Corporation is likely to release a highly anticipated proposal...

U.S. markets ended in the red on Monday as market participants weighed in the news of JPMorgan Chase & Co (NYSE:JPM) taking over First Republic Bank (NYSE:FRC) and displayed cautiousness ahead of the Federal Reserve's interest rate decision this week. The Nasdaq Composite closed 0.11% lower...

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...

The Federal Deposit Insurance Corporation, or FDIC, has reportedly informed collapsed lender Signature Bank's (OTC:SBNY) crypto clients they have until April 5 to close their accounts and shift their funds. What Happened: The deposits in question were not part of a rescue deal with Flagstar...

First Republic Bank shares took off in the premarket on Monday, encouraged by the now-defunct Silicon Valley Bank finding a buyer in First Citizens Bancshares Inc. (NYSE: FCNC). What Happened: In premarket trading, First Republic shares jumped 31.07% to $16.20, according to Benzinga Pro data...

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...

"The Black Swan" author Nassim Nicholas Taleb said on Monday that the Federal Deposit Insurance Corporation, or FDIC, bailed out Bitcoin (CRYPTO: BTC).  What Happened: The collapse of two major banks — Silicon Valley Bank, a subsidiary of the SVB Financial...

Noted economist Peter Schiff has been critical of the government’s rescue plan for the tainted Silicon Valley Bank, owned by SVB Financial Group (NASDAQ: SIVB). What Happened: On Monday, Schiff took to Twitter to offer his take on the monetary policy stance of the Federal Reserve under...

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...

The financial technology segment, which includes companies that lend money online to firms that process electronic payments, had gone quite a long time without catching the attention of government regulators. However, this grace period has come to an end. According to a Financial Times article,...

Banking is big in America. In 2014, U.S. banks issued trillions of dollars in credit -- equivalent to 245 percent of the nation's total economic output, according to the World Bank. In 2013, these banks' assets added up to almost 90 percent of GDP. But with the American financial sector...