The financial crisis in USA, which began with the bankruptcy of Silicon Valley Bank (SVB), has brought a new victim, as reported by the newspaper El País (Spain). In the early hours of this Monday, May 1, the Federal Deposit Insurance Corporation (FDIC) announced the intervention of First Republic Bank and a sale agreement to […]
Tag: SignatureBank
US banking regulator opens investigations into alleged malpractice at Signature and SVB
The US banking regulator is investigating possible misconduct by executives and others involved in the failures of Silicon Valley Bank and Signature Bank. Federal Deposit Insurance Corporation President Martin Gruenberg said in testimony to Congress that the agency opened investigations into “directors, officers, professional service providers and other parties of banks affiliated with institutions for […]
Yellen pledges to protect bank deposits, but more might be needed
The banking system of USA It is stabilizing after strong action by regulators, but further action may be necessary if smaller banks experience deposit runs that threaten further contagion, Treasury secretary is scheduled to tell bankers on Tuesday. Janet Yellen. In excerpts from remarks prepared for a conference before the American Bankers Association, Yellen said […]
US banks ask authorities to protect all deposits
A group of medium-sized banks of USA asked the federal regulatory authority to guarantee all its clients’ deposits for two years, even above the usual limit of $250,000, to avoid a contagion phenomenon after the bankruptcy of the bank BLSreported the Bloomberg agency. This measure “It would immediately stop the exodus of customers from smaller […]
Will taxpayers pay for US bank failures?
The government’s response to the failure of two large banks has already involved hundreds of billions of dollars. Dollars. Will taxpayers end up paying for it, one way or another? And what will be the price? It could be months before we know the answers. President Joe Biden’s government has said it will guarantee uninsured […]
US banking system is ‘solid’, says Yellen
The banking system of USA is strong despite the recent turmoil caused by the failure of three banks, including the iconic start-up financier Silicon Valley Bank (SVB) and the SignatureBankthe Treasury secretary said Thursday, Janet Yellen. Three consecutive bankruptcies in the banking sector in less than a week mark the worst bankruptcies since the 2008 […]
Moody’s downgrades the outlook for the US banking system to negative
The risk measurement agency Moody’s on Tuesday lowered its perspective on the entire banking system of USA from stable to negative, due to a “rapidly deteriorating operating environment.” “We have changed our outlook from stable to negativeivto on the US banking system to reflect the rapidly deteriorating operating environment following deposit withdrawals in Silicon Valley […]