U.S. bank busts are prompting a closer look at deposit insurance — there and elsewhere | CBC News

[ad_1] Bank failures are bad. Being unprepared for them is worse. In Canada and dozens of other countries, deposit insurance protects people’s money — up to a certain dollar value — when the…

Opinion: Capped deposit insurance is destroying banks | CNN

[ad_1] Jeff Chiu/AP A person walks toward an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. Editor’s Note: Robert Hockett is the Edward Cornell Professor…

Orea Provides Update on Closing of Acquisition of 100% of 5 million Ounce Montagne d’Or Gold Deposit

[ad_1] VANCOUVER, BC, May 4, 2023 /CNW/ – Orea Mining Corp. (“Orea”) (TSX: OREA) (OTCQB: OREAF) (FSE: 3CG) provides an update on the closing of the acquisition of the additional 55.01%…

FDIC proposes Congress increase deposit insurance limits for payroll accounts

[ad_1] The FDIC on Monday proposed increasing deposit insurance limits for business payment accounts at banks in light of Silicon Valley Bank’s failure, something that would require Congressional action. The…

Breakfast briefing: What is the purpose of deposit insurance?

[ad_1] Here’s our summary of key economic events overnight that affect New Zealand, with news deposit insurance and financial stability are getting involved in an unhealthy mix But first up,…

FDIC Signals Support for Narrow Changes to Deposit Insurance

[ad_1] Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments, the Federal Deposit Insurance Corp. said. [ad_2]…

JP Morgan to buy First Republic’s assets and assume deposit base

[ad_1] May 1 (Reuters) – United States regulators said on Monday First Republic Bank (FRC.N) has been seized and a deal agreed to sell the bank to JPMorgan Chase &…

FDIC Optimistic About Timely Recovery of Deposit Insurance Fund Despite Bank Failures

[ad_1] Small business owners can breathe a sigh of relief as the Federal Deposit Insurance Corporation (FDIC) recently confirmed that the projected timeline for the restoration of the Deposit Insurance…

Moray brewery says one month of company time spent on now delayed Deposit Return Scheme

[ad_1] Click here to sign up to our free newsletters! A MORAY based brewery says that one month of company time has been spent in preparation for the now…

First Republic faces tough options after deposit flight, with asset sales, ‘bad bank’ possibilities, source says

[ad_1] Plans to shrink balance sheet and explore options Deposits in Q1 plunge more than $100 bln vs Q4 Shares dive 29% in morning trade, hit record low Wall Street…