by AIP Online Bureau | Jun 23, 2023 | Banking & Bancassurance, International News, Technology
FDIC Chairman Martin Gruenberg said in a speech the spring turmoil in the banking sector showed firms of that size pose a risk to the financial system and merit stricter oversight. Three banks failed during the spring, requiring regulators to step in and backstop...
by AIP Online Bureau | Mar 12, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be...
by AIP Online Bureau | Mar 11, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Technology
Based in Santa Clara, the lender was ranked as the 16th biggest in the U.S. at the end of last year, with about $209 billion in assets. Specifics of the tech-focused bank’s abrupt collapse were a jumble, but the Fed’s aggressive interest rate hikes in the...
