US regulators shut down Silicon Valley Bank

Mar 11, 2023

California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation.

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...

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...

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...

Parliament passes Deposit Insurance and Credit Guarantee Corporation Amendment Bill

Aug 09, 2021

New Delhi [India], August 10 : The Lok Sabha on Monday passed a bill that provides account holders security of their money by...

Cabinet gives nod to Deposit Insurance Credit Guarantee Corporation Bill

Jul 28, 2021

New Delhi [India], July 28 : Bringing sigh of relief for the depositors in stressed banks, the Union Cabinet on Wednesday gave nod to...