First Republic Bank in San Francisco closed by CDFPI

May 01, 2023

First Republic Bank in San Francisco, California was closed on Monday by the California Department of Financial Protection and Innovation (CDFPI), which appointed the...

First Citizens Bank acquires deposits and loans of failed Silicon Valley Bank

Mar 27, 2023

The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of recently failed US-based Silicon Valley...

After US bank failures, agencies directed to analyse deposit insurance mechanism

May 02, 2023

Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an...

USISPF's Startup Connect Statement on Silicon Valley Bank Crisis

Mar 13, 2023

New Delhi [India], March 13 (ANI/BusinessWire India): In light of the sudden collapse of Silicon Valley Bank, Dr Mukesh Aghi, President and CEO of...