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FDIC

FDIC, Wall Street scramble to pull together sale of First Republic Bank

2023-04-30

National

By: AdminTNC

On: April 30, 2023

[ad_1] Formal bids for First Republic — which has seen heavy deposit outflows and suffered massive share price declines in recent weeks — are due to the FDIC by the middle of the day on Sunday, according to the people, who requested anonymity to provide details of the discussions. FederalContinue Reading

FDIC taps investment bank to lead Silicon Valley Bank sale

2023-03-16

National

By: AdminTNC

On: March 16, 2023

[ad_1] “I think it’s deeply concerning,” Sen. Bill Hagerty (R-Tenn.) said in an interview late Tuesday. “The notion that they’re going to do better as this asset turns into a carcass? … It’s hard for me to understand how that’s the best answer.” The FDIC declined comment. Piper Sandler didContinue Reading