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Federal Deposit Insurance Corporation (FDIC) Alert! FDIC is seeking PUBLIC comment on the proposed rule that would impose special assessments to recover the loss to the Deposit Insurance Fund arising from the protection of uninsured depositors in connection with SVB & Signature Bank–$15.8 billion.

by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-10447.pdf The FDIC is seeking comment on a proposed rule that would impose special assessments to recover the loss to the Deposit Insurance Fund (DIF or Fund) arising from the protection of uninsured depositors in connection with …

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The FDIC admits to being asleep at the wheel regulating Signature Bank! How many more banks should the FDIC escalated supervisory actions sooner on? At what point should supervisory action be escalated for First Republic?

by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23033a.pdf   Regulators Knew Silicon Valley Bank Was in Trouble Since 2021, Did Not Step In A closer look at the months leading up to the collapse of Silicon Valley Bank, the second-largest bank collapse in history, shows …

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