FDIC

FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out
FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out
The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature...
FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out

(Nikhilesh De/CoinDesk)
FDIC Gives Deadline of Next Week for Crypto Depositors Stranded by Signature Failure
The U.S. banking regulator is aiming to get the deposits cleared by April 5.
(Nikhilesh De/CoinDesk)

FDIC Chairman Testifies on SVB, Signature Bank Failures
FDIC Chairman Testifies on SVB, Signature Bank Failures
Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg testifies before the Senate Banking Committee on the failures of Signature Bank and Silicon Valley Bank.
FDIC Chairman Testifies on SVB, Signature Bank Failures

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.  (Alex Wong/Getty Images)
U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks
FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank...
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.  (Alex Wong/Getty Images)

First Citizens to Purchase Much of Silicon Valley Bank
First Citizens to Purchase Much of Silicon Valley Bank
The Federal Deposit Insurance Corp. (FDIC) announced late Sunday U.S. time that it had finalized a deal with Raleigh, N.C.-based First Citizens Bank to acquire the deposits an...
First Citizens to Purchase Much of Silicon Valley Bank

The FDIC completed a sale of most of Silicon Valley Bank's assets to First Citizens Bank. (George Rose/Getty Images)
First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits
The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.
The FDIC completed a sale of most of Silicon Valley Bank's assets to First Citizens Bank. (George Rose/Getty Images)

Silicon Valley Bank is being sold, according to Bloomberg. (Provided)
First Citizens to Buy Silicon Valley Bank: Bloomberg
SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.
Silicon Valley Bank is being sold, according to Bloomberg. (Provided)

(Rob Pumphrey/Unsplash)
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.
(Rob Pumphrey/Unsplash)

(Spencer Platt/Getty Images)
The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here
Banking enforcement targeting legal crypto businesses appears to violate the FDIC's mandate. It may also be amplifying financial contagion.
(Spencer Platt/Getty Images)

SVB Financial Group Bankruptcy Hearing: Key Takeaways
SVB Financial Group Bankruptcy Hearing: Key Takeaways
SVB Financial Group, the former parent company of Silicon Valley Bank and the Federal Deposit Insurance Corporation (FDIC), appears to be at odds over $2 billion in cash. Klei...
SVB Financial Group Bankruptcy Hearing: Key Takeaways