On Sunday, March 12, 2023, the Department of Treasury, Federal Reserve and FDIC issued a joint statement confirming that they were taking decisive action to protect the U.S. economy by strengthening public confidence in our...more
3/15/2023
/ Banking Sector ,
Banks ,
Deposit Accounts ,
Deposit Insurance ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Insolvency ,
Receivership ,
Relief Measures ,
Silicon Valley ,
U.S. Treasury
On Friday, March 10, 2023 Silicon Valley Bank (“SVB”), Santa Clara, California, was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation (“FDIC”) has been...more