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Federal Deposit Insurance Corporation Banking Regulators Depository Institutions

The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain... more +
The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships.  less -
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brokered deposits rule would have “significantly disrupted many aspects of the deposit landscape,” the FDIC has withdrawn the proposal.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

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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