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Ratio of assets to insured deposits lowest since 2015 after collapses of SVB and Signature Bank
Use of ‘reciprocal’ accounts jumps as turmoil enveloped financial sector
And a bad idea for the FDIC
Change incentives rather than fiddle around with limit levels
US regulator’s proposal requires lenders with more than $50bn in assets to cover 95% of cost
Insurance has a role — but lenders must be more robust in the first place
Measures to shield operational business accounts, introduced during Covid, should be triggered urgently
Fun with Flourish
Any case for saving business payroll accounts does not justify protecting multibillion deposits of megabanks
Regulators cannot be expected to solve all financial stability problems
‘The biggest bank has gotten bigger,’ warns Bill Isaac, who was head of FDIC at time of savings and loan turmoil
And the FDIC’s loan to JPMorgan
Purchase by JPMorgan highlights need to rethink liquidity rules and stress testing
FDIC suggests changes to $250,000 coverage cap following bank runs that toppled SVB and First Republic
Biden administration officials took a back seat in cleaner resolution brokered by regulators at FDIC
Depositors protected but shareholders wiped out in country’s second-largest bank failure
For the privilege of taking on a net asset value of $18bn, JPM is making a $11bn payment to the FDIC
The incentive for larger banks to pay early gets overwhelmed by the desire to wait for a better deal
US regulators negotiating to sell all or part of struggling California bank before it opens for business Monday
FDIC tries to gauge how much it will cost to take over struggling California lender
Government officials and regulators scramble to come up with plan to stabilise ailing lender
It’s probably more than $20bn, on aggregate
Not anymore, at least
Regulators hire financial powerhouse to help sell securities inherited from SVB and Signature
FDIC yet to decide how to sell securities acquired from collapses of SVB and Signature Bank
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