Background-
On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for SVB....more
3/13/2023
/ Agents ,
Bank Deposits ,
Banks ,
Board of Governors ,
Borrowers ,
Credit Agreements ,
Default ,
FDIC ,
Lenders ,
Line of Credit ,
Receivership ,
U.S. Treasury
The U.S. loan market continued to cool in the third quarter, amid an uncertain economic outlook. Geopolitical risks, rising interest rates and a continued threat of recession have caused lenders to focus on credit quality as...more