The Department of the Treasury, Federal Reserve, and FDIC posted a joint statement in the form of a press release. It was posted on March 12, 2023, and is in regards to SVB and Signature Bank. From the press release:…
Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago, CNBC reported.…
The Federal Deposit Insurance Corporation (FDIC) issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or…