The Federal Deposit Insurance Corporation insures deposits in most U.S. banks. When the Silicon Valley Bank, Signature Bank and First Republic Bank ended up in deep financial trouble a few months back lots of questions were aimed at the FDIC and the insurance it provides. What people found out is that deposits are insured for …
A Warning — The Consumer Financial Protection Bureau & Digital Payment Apps Read More »
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 …
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 »
