The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of failed lender Signature Bank's loans, a person familiar with the matter told Reuters on Wednesday.
to sell about $60 billion of failed lender Signature Bank's loans, a person familiar with the matter told Reuters on Wednesday.
Regional bank stocks have been battered as investors stayed away from the sector amid doubts over whether the U.S. Federal Reserve would hold off on its plans to aggressively hike interest rates, which have been blamed for eroding book value of securities and sparking the biggest banking crisis since 2008.
FDIC declined to comment while Newmark Group did not immediately respond to a Reuters request for comment on the matter.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature FailureThe 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 Bank, asking them to cash out by next week – whether they have a new bank or not.
Lire la suite »
U.S. FDIC tells Signature Bank's crypto clients to close accounts by April 5The U.S. Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank's crypto clients that they have until April 5 to close their accounts and move their money.
Lire la suite »
The FDIC says First Citizens Bank will acquire Silicon Valley BankNorth Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
Lire la suite »
Covering collapse of SVB could cost $20 billion, FDIC chairman to tell CongressThe FDIC estimates the cost to the Deposit Insurance Fund to cover the collapse of Silicon Valley Bank is $20 billion — including $18 billion to cover uninsured deposits, according to the chairman of the FDIC, Martin Gruenberg.
Lire la suite »
Velshi: The FDIC should ensure all deposits to protect banksThe banking system in America relies on the deposits that go in and the trust customers have that banks will keep those deposits safe. There isn’t a political ideology tied to this process, it’s just the way things have successfully operated in the banking sector for decades. However, just because the American banking system depicts a super safe business model, does not mean government regulation wouldn’t help make the process even stronger. MSNBC’s Ali Velshi explains why the FDIC should insure every single dollar in bank accounts in the name of protecting the banking sector as a whole.
Lire la suite »
'The Billionaire Bailout': FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion'The bailout really did protect billionaires from taking a modest haircut,' one observer wrote in response to the FDIC chief.
Lire la suite »