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BACKSTOP OF DEPOSITORS
First Republic Bank up in air as regulators juggle bank's fateFirst Republic Bank, based in San Francisco, is reportedly struggling since the collapse of Silicon Valley Bank and Signature Bank in March...
'Most vulnerable' US banks lost $1 trillion in deposits in a year: JPMorganThe team of JPMorgan analysts led by Nikolaos Panigirtzoglou did not name any of the banks they categorized as "most vulnerable" or say how...
How Dimon, Yellen helped secure a $30-billion lifeline for First RepublicAll month, the nation's banking giants have been raking in deposits from nervous customers at smaller firms and now those behemoths would b...
Bank runs used to be slow. The digital era sped them upWhat made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed. Last Wednesday a...
FDIC transfers all Silicon Valley Bank deposits to new bridge bankThe FDIC named Tim Mayopoulos as CEO of the bridge bank, Silicon Valley Bank, N.A. Mr. Mayopoulos is former president and CEO of the Federa...
SVB a ‘no story’ for Indian market; time to buy the right kind of stocks: Sandip SabharwalThe global financial markets are in a state of flux after Silicon Valley Bank collapsed, leading to a bailout for depositors and reassuranc...
Fed's actions on SVB substantially reduces contagion risk: Geoff DennisSo, it looks like a special case and what the Fed has done today is very positive I think for the long-term outcome here. And also bear in ...
SVB collapse: US regulators to protect all depositorsBanking regulators said on Sunday evening that depositors at Silicon Valley Bank (SVB), which was shuttered Friday, would have access to th...
US marshalling 'material action' to stem SVB fallout: reportDetails of the announcement expected on Sunday were not immediately available, but one of the sources said the Federal Reserve could take a...
SVB crisis puts more than one lakh jobs in red: Y Combinator petitions US TreasuryThe petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include al...
Yellen seeking solution for Silicon Valley Bank as industry frets about falloutStartup-focused lender SVB Financial Group on Friday became the largest bank to fail since the 2008 financial crisis, roiling markets and l...
Regulators urged to find Silicon Valley Bank buyer as industry frets about falloutThe Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was w...
US weighs new fund to backstop deposits if more banks fail: ReportRegulators discussed the new special vehicle in conversations with banking executives and hope such a measure would reassure depositors and...
Crypto firms acted like banks, then collapsed like dominoesIn a span of less than 12 months, nearly all of the biggest cryptocurrency companies have failed spectacularly.
Ukraine war's impact on EU banks 'manageable', says watchdog"We are monitoring the entire banking space, looking at first round impact, which seems from all we are seeing manageable," Elke Koenig, ch...
Sebi weighs options to aid MFs in moratorium spotThe RBI being the lender of the last resort can suggest banks to offer moratorium to customers and it stands as a backstop.
The Ides of March against the idea of reformsUnion Cabinet approved the consolidation of 10 PSBs into four, to be effective from April 1.
The unsafe vaults: With the financial system hit by defaults, is it time to resurrect an old law?The govt dropped a law aimed at dealing with the blow-up of financial services cos due to a misplaced campaign that depositors’ money would...
Debt mutual funds function under several constraintsA debt MF functions much like a bank, with the depositor being a unit holder rather than a lender. Lack of support is among the many hurdle...
EU may soften stance over Cyprus bank tax as outrage roils marketsWhile demanding that the levy raise the targeted $7.6 billion, finance officials said easing the cost to smaller savers was up to Cyprus.