The Financial Stability Board (FSB) is set to deliver a report to the G20 in October, shedding light on the influence of social media in accelerating bank deposit outflows and the potential need for changes to liquidity rules. This investigation comes in the wake of the failure of Silicon...
With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. So said Andrew Hauser, executive director for markets at the Bank of England, during a Friday (Nov. 3) speech at King’s College London. As an example of...
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May 6). “It would’ve been catastrophic” if the Federal Deposit Insurance Corp. (FDIC) hadn’t done that,...
PNC and JPMorgan Chase were reportedly among the bidders vying to own First Republic Bank. U.S. regulators auctioned off the struggling bank Sunday (April 30), according to a report by Reuters. Sources told the news outlet the Federal Deposit Insurance Corp. (FDIC) is expected to announce a deal on Sunday night...
April 03, 2023
The hearings on Capitol Hill are over. At least for the moment. The klieg lights have been switched off, the testimonies have been read, the lawmakers have grilled the regulators. And so, the question remains for the banks and the FinTechs: Now what? What’s next? And: Who’s ultimately responsible for changes to be made in […]
March 29, 2023
Few debates rage as fiercely today as how to protect bank customers — and how much protection they need. A trio of regulators appeared before the Senate Banking Committee on...
March 02, 2023
Silvergate’s existential crisis may give regulators the ammunition they need to keep crypto and mainstream banking separate. As reported here, Silvergate Capital said in a U.S. Securities and Exchange Commission filing this...
January 22, 2024
The Financial Stability Board (FSB) is set to deliver a report to the G20 in October, shedding light on the influence of social media in accelerating bank deposit outflows and the potential need for changes to liquidity rules. This investigation comes in the wake of the failure of Silicon Valley Bank (SVB) in March 2023 caused by rapid outflows […]
November 03, 2023
With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. So said Andrew Hauser, executive director for markets at the Bank of...
May 07, 2023
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May...
April 30, 2023
PNC and JPMorgan Chase were reportedly among the bidders vying to own First Republic Bank. U.S. regulators auctioned off the struggling bank Sunday (April 30), according to a report by Reuters. Sources told the news outlet...
