FDIC - Claimpayback

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FDIC chair takes responsibility for Signature Bank’s collapse, also cites crypto

0xMain
May 16, 2023

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A report from the FDIC has revealed that poor management was the primary cause of Signature Bank’s failure, uncovering the key factor responsible for the bank’s downfall. In response, the chair has assumed responsibility for the identified shortcomings, acknowledging accountability for the situation....

FDIC reportedly places SVB funds, including customer deposits, under receivership

0xMain
April 2, 2023

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A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors ...

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FDIC gives Signature crypto customers deadline to close accounts

0xMain
March 30, 2023

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Signature Bank’s crypto clients have been given a deadline to close down their accounts and move their deposits following the recent takeover of the bank. According to Bloomberg, the US Federal Deposit Insurance Corporation (FDIC) informed customers of the failed Signature Bank to...

FDIC insists buyer of Signature Bank drop crypto operations

0xMain
March 16, 2023

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The federal deposit insurance corporation (FDIC) has demanded that the prospective buyer of New York-based Signature Bank relinquish all cryptocurrency operations, highlighting growing regulatory concerns around digital assets. The federal deposit insurance corporation (FDIC), a U.S. government agency responsible for protecting depositors, is...

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FDIC plans second SVB auction after first failed attempt

0xMain
March 14, 2023

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The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. According to the Wall Street Journal, the FDIC informed Senate Republicans that...