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Newly Formed Bridge Bank for SVB – Some Practical Implications

On Monday, March 13, 2023, the Federal Deposit Insurance Corporation (“FDIC”) transferred all deposits and substantially all the assets of Silicon Valley Bank (“SVB”), formerly a California state chartered bank that was taken...more

Hot Off the Press: Efforts to Stabilize the U.S. Banking System

In a joint statement, the Department of the Treasury, the Federal Reserve and the FDIC announced that...more

2022 Is the Year of Sweeping Changes for Cryptocurrency and Other Digital Asset Transfers

What to look out for in the proposed new Chapter 12 of the Uniform Commercial Code (UCC) The world of cryptocurrencies and other forms of digital assets (such as non-fungible tokens) is exploding. While Bitcoin is the...more

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