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JPMorgan, Morgan Stanley in talks for First Republic, WSJ says
Several large banks are discussing a potential deal that could include a sizable capital infusion to shore up troubled First Republic.
Bank failures spotlight cash management platforms
Financial advisors look for creative ways to keep client cash accounts from going over the $250,000 limit on FDIC coverage.
Fed introduces new backstop for banks
In a move to shore up confidence in the banking system, the Fed program will provide banks with one-year loans under easier terms than usual.
SVB to sell businesses including wealth unit, VC-focused lender
The FDIC aims to find buyers for the bank's units to enable it to return as much of clients' money as possible.
SVB failure leaves advisors, analysts questioning deeper risks in US banking system
The California bank's problems show how higher interest rates make it harder to keep deposits on the books.
Silicon Valley Bank collapses, enters FDIC receivership
The bank's customer base of tech startups had become worried and yanked deposits.
More bad news for savers where unemployment is high
Louisiana deposit yields double those in Ohio
How to max out your clients’ FDIC coverage
$250K limit can easily be bumped up to $2M; CDARS, brokered CDs gaining in popularity
House Republican budget blueprint tweaks Dodd-Frank, sets back SEC
House Republicans presented a blueprint for the fiscal 2012 budget on Tuesday that seeks to end what they see as an onerous provision of the Dodd-Frank financial reform law, dials back federal spending to a level that Securities and Exchange Commission officials say would hamstring the agency and recommends a tax overhaul that includes eliminating major tax breaks.
U.S. may tie banks’ FDIC fees to their exec comp policies
Federal banking regulators are considering a plan to link the insurance premiums U.S. banks must pay to the degree of risk-taking encouraged by their executive compensation policies.
FDIC insurance plan could hit bankers in their wallets
Federal banking regulators moved Tuesday to seek public input on a plan to link the insurance premiums levied on U.S. banks to the degree of risk-taking encouraged by their executive pay policies.
Yet another bank fails
Regulators have shut down San Joaquin Bank in California, marking the 99th failure this year of a federally insured bank.
The cost of bank failures: $100B and counting
Federal regulators expect U.S. bank failures to cost the deposit insurance fund about $100 billion in the next four years and the fund to be running at a deficit Wednesday.
Bank insurance fund down 20% in 2Q
The head of the FDIC says there are no immediate plans to borrow money from the Treasury Department to shore up the shrinking deposit insurance fund.
FDIC rule change could lead to more failed banks, Bove says
Squeezed by rising bank failures and alarmed by its shrinking insurance fund, the Federal Deposit Insurance Corp. has made it easier for private-equity investors to buy failed institutions, but one prominent analyst believes that the move could lead to even more shuttered banks.
Analyst Bove: Up to 200 more banks may fail in crisis
Banking equities analyst Richard Bove said yesterday that it's possible 150 to 200 more U.S. banks could fail in the current banking crisis, putting greater stress on the Federal Deposit Insurance Corp.'s deposit insurance fund.
SEC, FDIC heads want new council to be supercop
Key regulators on today broke with the Obama administration, reaffirming their belief that some new powers to monitor big institutions against financial threats should go to an interagency council not the Federal Reserve.
GE to exit Temporary Liquidity Guarantee Program
GE Capital will stop issuing government-guaranteed short-term debt and will now be able to issue non-guaranteed long-term debt with maturities of 18 months to three years.
FDIC to charge big banks more to replenish insurance fund
Bigger banks will pay more to help restore the Federal Deposit Insurance Corp.’s deposit insurance fund in the future, after the agency’s board voted 4-1 today to adopt a new system of special fees that will shift more of the burden onto those banks.
Ex-FDIC chairman L. William Seidman is dead
Former chairman of the Federal Deposit Insurance Corp. L. William Seidman has died.
