/ FDIC
FDIC Says Buyers Not Told to Divest as Singature’s Non-Crypto Business Sold
Flagstar Bank agreed to acquire deposits and loans belonging to the collapsed Signature Bank, though crypto-related deposits were not included in the bid.
March 20, 2023
Crypto Business Becomes Key Talking Point of Signature Bank’s Sale
Banks interested in acquiring Signature and Silicon Valley Bank need to submit bids by March 17.
March 16, 2023
FDIC Moves In to Protect Deposits as SBV Closes its Doors
Silicon Valley Bank is shutting down and FDIC is moving in to set up the Deposit Insurance National Bank of Santa Clara to help secure insured deposits.
March 10, 2023
Silvergate in Talks With FDIC as the Bank’s Future Remains Uncertain
Silvergate is reportedly working with FDIC in an effort to find a way out of the crisis caused by the collapse of FTX, and the recent exodus of its partners from the cryptocurrency sector.
March 07, 2023
Banks Warned of Crypto Risks but Allowed to Engage: Statement
The joint statement issued today by FED, the FDIC, and the OCC highlighted many of the risks posed by cryptocurrencies to banking institutions, but ultimately told banks to carry on.
January 03, 2023More from The Tokenist / FDIC