[ad_1] For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios…
Tag: Deposits
Indian startups have deposits of about $1 billion in SVB, minister says
[ad_1] MUMBAI, March 17 (Reuters) – Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank (SIVB.O) and the country’s deputy IT minister said he had suggested…
Wall Street rides to the rescue as 11 banks pledge First Republic $30 billion in deposits
[ad_1] A group of financial institutions has agreed to deposit $30 billion in First Republic in what’s meant to be a sign of confidence in the banking system, the banks…
Deposits with Italy’s banks fall by 40 bln euros in Feb.
[ad_1] MILAN, March 14 (Reuters) – Deposits with Italian banks shrunk by 39.7 billion euros ($42.6 billion) in February as the country’s businesses kept reducing the excess funds they had…
Singapore’s MAS: Banking system sound despite US banks’ collapse
[ad_1] SINGAPORE: The local banking system remains “sound and resilient”, said the Monetary Authority of Singapore (MAS), amid the closure of two banks in the United States over the weekend.…
Are Taxpayers on the Hook for SVB and Signature Bank Deposits?
[ad_1] U.S. regulators’ assurance that all depositors would get their money back has prompted questions about whether taxpayer funds are at risk. [ad_2] Source link
Live Updates: U.S. Steps In to Protect All Deposits at Silicon Valley Bank
[ad_1] Federal regulators announced on Sunday that another bank had been closed and that the government would ensure that all depositors of Silicon Valley Bank — which failed Friday —…
US regulators protect Silicon Valley Bank deposits and shore up financial system
[ad_1] US regulators said Silicon Valley Bank depositors would be fully repaid as they acted to shore up the banking system after the lender’s implosion, unveiling emergency funding measures and…
Companies With Deposits Trapped in Silicon Valley Bank
[ad_1] When Silicon Valley Bank collapsed following a run on deposits, many of its clients scrambled to compensate after being cut off from funds. The severity of exposure for the…
Six Hong Kong-listed firms say their deposits at SVB are immaterial
[ad_1] HONG KONG, March 12 (Reuters) – Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the…