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fdic

A collection of 3 posts

FDIC: $472 billion in deposits were removed during Q1

Per FDIC The Federal Deposit Insurance Corporation has shared how there were almost half a trillion dollars worth of deposits removed in the first quarter of the year. This was reportedly the largest decline ever seen by the FDIC since 1984, when it started to collect industry data quarterly. This

FDIC announcement says big banks to pick up the bill and pay extra fees to cover failure of SVB

Per Bloomberg The Federal Deposit Insurance Corp. just announced that big banks would have to pay extra FDIC fees in order for the failure of SVB to be covered. This would be true for banks with over $50 billion in assets, as the FDIC says they would have to "

US banks had unrealized losses worth $620 billion by the end of 2022, per FDIC

Per CNN After the collapse of Silicon Valley Bank, questions have started to arise regarding how much actual debt certain banks have. The FDIC revealed that US banks had a total of $620 billion in unrealized losses by the end of 2022. Unrealized losses refer to assets that have lost