Bank Failures

Insurance companies do not have much financial exposure in the new failed Silicon Valley Bank, Silvergate and Signature Bank. Fitch Ratings calls the exposure, “modest.” Most of the exposure for insurers is from life insurers and the total exposure for all insurers is just $1.16 billion. In its release on the topic of the three …

Failed Banks — Part 1: Insurer Exposure Read More »

The Federal Deposit Insurance Corporation (FDIC) insures bank deposits up to $250,000. Anything above $250,000 is gone. A lot of investors were shocked to learn that when Silicon Valley Bank, Silvergate and Signature Bank failed last week. A coalition of mid-sized banks want the FDIC to change that. The worry is a bank run because …

Failed Banks — Part 2: Banks Want an FDIC Guarantee Expansion Read More »