All the updated news related to federal deposit insurance corporation

All the news related to federal deposit insurance corporation updated in real time

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Banking giant UBS to buy Credit Suisse to rein in turmoil

World

Banking giant UBS to buy up troubled Credit Suisse to prevent it collapsing

Banking giant UBS is buying its smaller rival Credit Suisse for 3.2 billion dollars (£2.6 billion) in an effort to avoid further market-shaking turmoil in global banking, Swiss president Alain Berset announced on Sunday night. The deal was “one of ...

19 Mar 2023 at 21:10

City

Collapsed Silicon Valley Bank sold to US rival First Citizens

First Citizens Bank has bought all the loans and deposits of failed US bank Silicon Valley Bank (SVB) following a “competitive” bidding process, the lender has announced. The acquisition follows the collapse of SVB earlier this month, which ...

27 Mar 2023 at 09:39

World

Silicon Valley Bank assets seized as depositors pull cash

US regulators rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, marking the largest failure of a financial institution since Washington Mutual collapsed at the height of the financial crisis more than a ...

10 Mar 2023 at 22:40

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