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Banking Regulators › Federal Deposit Insurance Corporation › Depository Institutions

Ballard Spahr LLP

FDIC withdraws brokered deposits proposed rule

Ballard Spahr LLP on

Saying that its proposed brokered deposits rule would have “significantly disrupted many aspects of the deposit landscape,” the FDIC has withdrawn the proposal. ...more

Morrison & Foerster LLP

Silicon Valley Bridge Bank and Signature Bridge Bank Are Open for Business

Morrison & Foerster LLP on

After a tumultuous few days, Silicon Valley Bridge Bank, N.A. and Signature Bridge Bank, N.A. are open to deposit and loan customers. Early on Friday, March 10, 2023, bank regulators closed Silicon Valley Bank, the...more

Lippes Mathias LLP

The failure of Silicon Valley Bank and Signature Bank

Lippes Mathias LLP on

The two banks’ sudden failure raises many questions about depositors’ ability to access accounts held at the banks when they closed. The following is intended to provide an overview of the current updates issued by the FDIC...more

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