fdic

Feds: Banking system ‘remains sound and resilient;’ JPMorganChase to buy latest failed bank

Posted by WRAL TechWire | May 1, 2023

The move represents the latest effort by federal regulators to prop up consumer confidence in the US banking system, which has suffered three major bank failures in the last seven weeks. Silicon Valley Bank and Signature Bank both were taken over by the FDIC last month following runs on those banks by their customers.

Inside Silicon Valley Bank’s collapse: The many missed red flags

Posted by WRAL TechWire | Mar 27, 2023

Late Sunday, Raleigh-based First Citizens Bank acquired the failed Silicon Valley Bank in a deal with the FDIC. Here’s a look at how the bank collapsed.

From immigrant entrepreneur to head of FDIC: ‘I do believe that the American dream is alive’

Posted by WRAL TechWire | Aug 13, 2019

Financial regulator Jelena McWilliams, the head of the FDIC, knows firsthand the devastation that can happen when the public loses confidence in the banking system. Here’s her story.