‘Most vulnerable’ U.S. banks lost $1 trillion in deposits in a year -JPMorgan
By Nupur Anand New YORK (Reuters) – JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion…
By Nupur Anand New YORK (Reuters) – JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion…
(Reuters) – Deposit flows in the U.S. banking system have stabilized in the last week after a historic run on deposits at Silicon Valley Bank prompted its collapse and forced…
(Reuters) – U.S officials are looking at ways to temporarily expand Federal Deposit Insurance Corp (FDIC) coverage to all deposits, Bloomberg News reported on Monday. U.S. Treasury Department staff are…
ZURICH (Reuters) – Credit Suisse took a hefty chunk of liquidity from the Swiss National Bank last week, sight deposit data published by the central bank indicated on Monday. Total…
WASHINGTON (Reuters) – Federal regulators and the Treasury Department on Thursday welcomed a decision by 11 larger banks to deposit $30 billion into regional bank First Republic Bank and said…
(Reuters) – First Republic Bank has received $30 billion in deposits from several big banks including JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley, the banks said in a…
By David Lawder WASHINGTON (Reuters) – The Federal Deposit Insurance Corp may need to seek temporary guarantees for all uninsured U.S. bank deposits to stem a drain of funds from…
By Krystal Hu (Reuters) – Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move their deposits to its newly…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – U.S. consumers have flooded banking giants, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc with deposits…
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks Harold Hutchison on March 13, 2023 Fox News host Tucker Carlson questioned what…
(Reuters) – The collapse of two major U.S. banks within days has put the spotlight on other mid-cap lenders’ balance sheets, with a few of them rushing to calm investors’…
WASHINGTON (Reuters) – Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday. “Depositors will have access to all of their money…
(Reuters) – The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients’ uninsured…
FRANKFURT (Reuters) – The European Central Bank said on Tuesday it would cut the maximum rate it pays on deposits held by governments to give them an incentive to redeploy…
MOSCOW (Reuters) – Russians’ deposits with non-resident banks increased by around 2.5 times between January and November last year to almost 5 trillion roubles, around $82 billion according to the…
ATHENS (Reuters) – Greek private sector bank deposits dropped in October after rising for six months in a row, central bank data showed on Monday. Business and household bank deposits…
BUDAPEST (Reuters) -Commercial banks in Hungary cannot pay an interest rate higher than the three-month discount bill yield on deposits by certain large institutional and private investors, the Minister for…
(Reuters) – Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do…
Earlier today, a federal jury in Central Islip returned a guilty verdict on all five counts of superseding indictment charging Lorraine Pilitz, also known as “Lorraine Christie,” and “Lorraine Storms”…
By Hannah Lang (Reuters) -Banks that accept deposits from cryptocurrency companies should be aware of increased liquidity risks, particularly if firms are highly interconnected with other digital asset businesses, said…
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Japanese retail foreign currency deposits have jumped this year as local investors switch out of a weakening yen and zero-yielding local bond…
ZURICH (Reuters) – The amount of commercial bank cash held overnight with the Swiss National Bank fell by 30 billion Swiss francs ($30.07 billion) last week, data on Monday showed,…
By John Revill ZURICH (Reuters) – Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s Finance Minister Grant Robertson said on Thursday that new legislation had been introduced to parliament that will establish a formal scheme to…
Jacksonville, Florida – United States Attorney Roger B. Handberg announces that Mikah Nathaniel Strickland (27, Live Oak) has pleaded guilty to stealing cash deposits from the mail. Strickland faces a…