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CATEGORY: receivership

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 12, 2023 10:30

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

The post Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow appeared first on Crypto Breaking News.

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Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 16, 2023 05:50

Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’

Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday after the bank failed to raise capital from its largest [...]

The post Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’ appeared first on Crypto Breaking News.

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