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Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
Published: Saturday, April 15th, 2023 @ 10:56 am
By: Daily Wire
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The Federal Deposit Insurance Corporation (FDIC) announced on Monday that the bidding process for remaining assets at the defunct Silicon Valley Bank would be extended due to “substantial interest” from possible acquirers.
Published: Sunday, April 2nd, 2023 @ 12:16 am
By: Daily Wire
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Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
Published: Wednesday, March 29th, 2023 @ 11:32 pm
By: Daily Wire
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Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) asserted that the Federal Deposit Insurance Corporation should “reexamine” the $250,000 deposit insurance threshold on bank accounts.
Published: Tuesday, March 28th, 2023 @ 6:01 am
By: Daily Wire
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