A budget of just more than $3 billion– 2.2% higher than the previous year – was approved for 2025 Tuesday by the board of the federal insurer of bank deposits, meeting in open session in […]
A Federal Reserve governor flatly repudiated the notion that recent interest rate increases by the agency’s rate-setting committee led to the failure of three large regional banks this past spring and other trouble in the […]
The Federal Reserve is slated to release findings of its review of the failed Silicon Valley Bank (SVB) Friday, April 18, at 11 a.m. Eastern, the central bank said. The review is being led by Fed […]
The Federal Reserve will make public the findings of its review of the supervision and regulation of Silicon Valley Bank (SVB) prior to its failure, including supervisory information, by May 1, the Fed’s top supervision […]
Noting the steps federal banking regulators have taken in recent days to limit the direct and indirect U.S. financial system risks of the closures of Silicon Valley Bank (SVB) and Signature Bank, the Federal Reserve […]
Contracts previously entered with two failed banks, now in receivership with the federal bank deposit insurance agency, must still be honored, the agency said in a letter to insured institutions issued late Tuesday. The Federal […]
Federal banking regulators met Friday afternoon with the Secretary of the Treasury to discuss developments around the closure of a Santa Clara, Calif., bank, the Treasury Department said. In a release, the Treasury Department said […]
A Santa Clara, Calif., bank largely serving the tech industry was closed Friday by state regulators, which immediately prompted federal regulators to charter a new bank to accept the deposits of the closed bank, the […]
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