Fed orders Silvergate to complete wind-down while protecting depositors, preserving cash
WASHINGTON (Reuters) – The U.S. Federal Reserve announced Thursday it was ordering Silvergate Bank to implement its previously announced plan to liquidate itself in a way that protects depositors and preserves its…
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
By M. Sriram MUMBAI (Reuters) – A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and concern…
China to repay more depositors to defuse rural bank scandal
BEIJING -Chinese regulators took fresh steps on Thursday to defuse anger over a banking fraud that has sparked high-profile protests, by announcing a second round of repayments to depositors whose funds were…
Chinese depositors left in dark as three local banks freeze deposits
By Engen Tham SHANGHAI – Three banks in China’s central Henan province have frozen at least $178 million of deposits, offering scant information on why or for how long, leaving firms unable…
Lebanon’s Bank Audi says UK court order will leave some depositors out of pocket
BEIRUT – Complying with a London court order requiring Lebanon’s Bank Audi and SGBL to pay a depositor $4 million of money stuck in the nation’s crisis-hit banking sector will result in…
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