FDIC Sells Much of Silicon Valley Bank to First-Citizens Bank. Total Cost of SVB Collapse to Deposit Insurance Fund: $20 Bn by Wolf Richter • Mar 27, 2023 • 144 Comments Even collapsed banks have lots of assets that the FDIC sells to cover the costs to the Fund. Signature Bank collapse costs the Fund only $2.5 billion
Silicon Valley Bank’s Uninsured Depositors Bailed Out. Crypto Signature Bank Shut Down, All Depositors Bailed Out. Senior Execs Fired. All Shareholders, Some Bondholders Bailed In by Wolf Richter • Mar 12, 2023 • 581 Comments Treasury/Fed/FDIC issue joint statement with Tough Love for investors in failed banks.
Bank Stocks Got Wacked: Between a Rock and a Hard Place as Banks Run Out Free Money by Wolf Richter • Mar 9, 2023 • 187 Comments Oh dearie, those bonds.
Fed, FDIC, & OCC Warn Banks about Contagion from Cryptos, with Laundry List of Sordid Stuff Inherent in the Crypto Scene by Wolf Richter • Jan 3, 2023 • 159 Comments Only a couple of smaller banks have significant exposure to cryptos, and their shares have collapsed.
