FDIC

Silicon Valley Bank staff offered 45 days of work at 1.5 times salary by FDIC

March 11, 2023

[ad_1] Staff of Silicon Valley Bank were offered 45 days of employment at 1.5 times their salary by the Federal…

FDIC says SVB customers with deposits above $250K will get "an advance dividend within the next week"; many SVB clients need to meet their payroll on March 15 (Dan Primack/Axios)

March 10, 2023

[ad_1] Dan Primack / Axios: FDIC says SVB customers with deposits above $250K will get “an advance dividend within the…

Chicago

Silicon Valley Bank seized by FDIC in largest bank failure since 2008

March 10, 2023

[ad_1] NEW YORK (AP) — The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking…

Silicon Valley Bank seized by FDIC as depositors pull cash

March 10, 2023

[ad_1] NEW YORK — The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the…

Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry investors to help shore up its liquidity (Bloomberg)

March 7, 2023

[ad_1] Bloomberg: Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry…

FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making "false representations" that their crypto products might be FDIC-insured (Michael McSweeney/The Block)

August 19, 2022

[ad_1] Michael McSweeney / The Block: FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making…