UPDATE (3/20 PM):
Developments Related to Flagstar Bank, SVBB, SVB Financial Group, Credit Suisse, and First Republic Bank-
On March 19, 2023, the FDIC announced that the agency has entered into a purchase and...more
3/22/2023
/ Banks ,
Borrowers ,
Deposit Accounts ,
FDIC ,
Federal Reserve ,
Investors ,
Liquidity ,
Receivership ,
Swiss Banks ,
Systemic Risk Buffer ,
U.S. Treasury
The FDIC receiverships of Silicon Valley Bank and Signature Bank have caused certain early-stage companies to face potentially crippling near-term liquidity issues. These liquidity issues may result in a company becoming...more
The March 2023 banking crisis has been an unexpected “stress test” for dealing with liquidity issues.
When state regulators closed Silicon Valley Bank this past Friday, many startups understandably faced severe liquidity...more
UPDATE (3/12 PM):
U.S. Treasury Uses Systemic Risk Exception to Protect Depositors of Failed Banks and the Federal Reserve Board Establishes New Emergency Facility.
Following the failure of Silicon Valley Bank (SVB) on...more
3/13/2023
/ Bank Deposits ,
Board of Governors ,
FDIA ,
FDIC ,
Federal Reserve ,
Line of Credit ,
Loans ,
Popular ,
Receivership ,
U.S. Treasury ,
Uninsured Deposits ,
Wages
What showing must creditors make to be granted the right to prosecute claims on behalf of the bankruptcy estate? Under the widely recognized standard established by the Second Circuit in In re STN Enterprises, a bankruptcy...more