Newsfeeds - Spark Newswire

2 minute read

Bill Ackman Warns Of Accelerating Deposit Outflows After Janet Yellen’s Backtrack: ‘Big Mistake’

Today, 2:08 AM

After the Federal Reserve announced a quarter-point increase in the fed funds rate and also hinted at a potential pause in the monetary policy statement, Treasury Secretary Janet Yellen spooked the markets by stating that the T

KRE

2 minute read

Janet Yellen’s Comments Fail To Calm Investors As First Republic Stock Remains Volatile

By AJ Fabino

Today, 2:08 AM

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution.

FRC

1 minute read

FDIC Delays Bid Deadline For Silicon Valley Private Bank; Bid Deadline Moved To Friday For Silicon Valley Bank’s Wealth-Management Bank

By Michael Horton

Today, 2:08 AM

-Reuters

KRE

1 minute read

‘Apollo, Carlyle Scour Bankrupt SVB Financial For Loan Deals; Blackstone Also Preparing To Take A Look At The SVB Loans; The Loans At Issue Could Be Valued At As Much As $10B’ – Bloomberg News

By Happy Mohamed

Today, 2:08 AM

https://news.bloomberglaw.com/bankruptcy-law/apollo-carlyle-scour-bankrupt-svb-financial-for-loan-deals

ARI

1 minute read

First Citizens Said To Continue Pursuit Of Silicon Valley Bank, May Join Auctions This Week For Parts Of SVB

By Bill Haddad

Today, 2:08 AM

-Bloomberg

FCNCA

1 minute read

M&A
News

U.S. OCC Imposes Conditions On Approval, Including Requirement That Flagstar Allocate Appropriate Resources To Assets And Liabilities Acquired And Require A Supervisory Non-Objection Prior To Paying Dividend To Shareholders

By Happy Mohamed

Today, 2:08 AM

- Reuters

KBE

2 minute read

‘Subsidiary Of New York Community Bancorp, Inc., To Assume Deposits Of Signature Bridge Bank, N.A.’ – FDIC

By Happy Mohamed

Today, 2:08 AM

https://www.fdic.gov/news/press-releases/2023/pr23021.html The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of

KBE

1 minute read

Fed’s Powell & U.S. Treasury Secretary Yellen Says The U.S. Banking System’s Capital And Liquidity Positions Are Robust, And The U.S. Financial System Is Resilient

By Happy Mohamed

Today, 2:08 AM

- Joint Statement

KBE

1 minute read

News

Midsize U.S. Banks Asked FDIC To Insure All Deposits For Two Years

By Charles Gross

Today, 2:08 AM

-Bloomberg https://www.bloomberg.com/news/articles/2023-03-18/midsize-us-banks-ask-fdic-to-insure-all-deposits-for-two-years?sref=y3YMCJ4e&leadSource=uverify%20wall

KBE

1 minute read

Warren Buffett In Contact With Biden Officials On Banking Crisis

By Charles Gross

Today, 2:08 AM

-Bloomberg https://www.bloomberg.com/news/articles/2023-03-18/warren-buffett-in-contact-with-biden-officials-on-banking-crisis?srnd=premium&sref=y3YMCJ4e&leadSource=uverify%20wall

BRK-A