FDIC

The Federal Deposit Insurance Corporation (FDIC) on Monday asked banks to amend their financial statements that “incorrectly” indicate uninsured deposits. The FDIC's warning comes after banks objected to a fee that was imposed with an…

MUMBAI: Lending by non-banking finance companies is losing momentum in the fourth quarter of FY23, with overall sanctions growing only 2% year on year. Also, loans in the rural areas have been holding up NBFC lending, with both semi-urban…

JPMorgan Chase & Co will buy First Republic Bank after the troubled regional lender was taken over by regulators, according to a statement.JPMorgan will “assume all deposits, including all uninsured deposits, and substantially all…

Last Updated: May 01, 2023, 05:42 ISTFirst Republic reported total assets of $233 billion as of March 31. At the end of last year, the Federal Reserve ranked First Republic 14th in size among U.S. commercial banks. (Photo: Reuters)San…

The US Federal Deposit Insurance Corp has asked banks including JPMorgan Chase and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday (Apr 29) after gauging their initial interest earlier in the week,…

Several large banks, including JPMorgan Chase & Co. and PNC Financial Services Group Inc., are reportedly interested to bid for purchasing First Republic Bank. According to reports, US banking regulator Federal Deposit Insurance Corp.…

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.The report was one of two published…

First Republic Bank shares plunged after a CNBC report that the lender was likely headed for receivership under the US Federal Deposit Insurance Corporation (FDIC), worsening a rout that has wiped out 75 per cent of the stock's value this…

Last Updated: April 25, 2023, 03:32 ISTFirst Republic reported first-quarter results Monday that showed it had $173.5 billion in deposits in early March before Silicon Valley Bank failed on March 9. (Image: Reuters)Even through this crisis,…

NEW YORK/WASHINGTON: The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bankand Signature Bank rejected, according to people familiar with…