FDIC

On March 12, Mike Alfred, the founder and managing partner of Alpine Fox LP, revealed on social media that the Federal Deposit Insurance Corporation (FDIC) of the United States has entered the First Republic Bank site to try to determine the best way to protect depositors. Considering the accelerated bank run that has reached the critical point, things are developing much faster than expected. The US FDIC has settled in First Republic Bank, and the bank’s capital wire transfer transaction has been stopped Analysis based on this information:The founder and managing partner of Alpine Fox LP, Mike Alfred, recently took to social media to share a concerning update about the First Republic Bank. According to him, the Federal Deposit Insurance Corporation (FDIC) of the United States has entered the bank’s site to determine the best way to protect depositors amidst the ongoing bank run. This is a red flag for both the bank and its customers, as it suggests that…

According to reports, Mark Cuban, the boss of the NBA Dallas Lonely Rangers and the crypto investor, sent a paper on social media to analyze the Silicon Valley Bank incident. He said that the US FDIC’s insurance deposit compensation of US $250000 was too low, and the regulatory agency had never supervised and warned that the bankruptcy of the Silicon Valley Bank would cause many companies to be unable to pay wages. Mark Cuban suggested that the Federal Reserve should immediately purchase all the securities/liabilities owned by banks at a price close to the face value, and these assets should be sufficient to pay most of the deposits. If the Federal Reserve does not do so, people’s trust in the banking system will become a problem. Many banks have more than 50% of the uninsured deposits. This is not a bailout. The Federal Reserve is actually providing cash to end the run. In return, it will obtain long-term assets that…

It is reported that Bob Elliot, a senior executive of Qianqiao Water Fund and CEO of Unlimited, an investment company, said in a social media message that the decisions of the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) on the future of Silicon Valley banks may affect regional banks in the United States and cause them to face trillions of dollars of run risk. Bob Elliot disclosed data that nearly one third of the deposits in the United States are deposited in small banks, of which 50% are uninsured, and the proportion of uninsured deposits in credit cooperatives is even higher. According to the data of the Federal Reserve, as of February 2023, small banks in the United States have $6.8 trillion in assets and $680 billion in equity. The collapse of Silicon Valley banks will bring “the risk of running thousands of small banks”. （Cointelegraph） Qianqiao Water Fund executives: regional banks in the United States may face…

It is reported that according to the tweet of David Bailey, CEO of Bitcoin Magazine, forwarded by Andrew, the founder of X3, who is marked by Crypto KOL and Twitter, the Federal Deposit Insurance Corporation (FDIC) of the United States may take over First Republic Bank on March 13 (next Monday). If it is true, it will be the third cryptofriendly bank facing difficulties in the near future. CEO of Bitcoin Magazine: US FDIC may take over First Republic Bank on Monday Analysis based on this information:The Federal Deposit Insurance Corporation (FDIC) of the United States may take over First Republic Bank on March 13, according to a tweet by David Bailey, CEO of Bitcoin Magazine, forwarded by Andrew, founder of X3 and marked by Crypto KOL and Twitter. This news should be a matter of concern for crypto enthusiasts and crypto-friendly banks that have been welcoming blockchain-based businesses and their need for banking services. If this report is true,…

On March 12, according to people familiar with the matter, the Federal Deposit Insurance Corporation (FDIC) of the United States is selling assets and providin…

On March 12, Jeremy, the founder of Circle, tweeted that USDC\’s $3.3 billion cash reserves remained in SVB. As of Thursday, we have started to transfer these f…

According to reports, Watcher.guru revealed on social media that the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are considering setti…

According to reports, Gabor Gurbacs, director of digital asset strategy of VanEck, an investment management company in New York, said on social media that FDIC…

According to reports, the Federal Deposit Insurance Corporation of the United States said that SVB Bank was closed by California regulators, and Silicon Valley…

On March 11, according to the analysis of encryption analyst Adam Cochran, according to the recovery process of FDIC (Federal Deposit Insurance Corporation of …

On March 11, according to the latest announcement of the Federal Deposit Insurance Corporation (FDIC), the California Department of Financial Protection and In…

It is reported that market news: Silvergate is talking with officials of the Federal Deposit Insurance Corporation of the United States on the way to save the …

According to reports, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) said that e…

It is reported that according to the report issued by the Office of the United States Inspector General (OIG), the data of the Federal Deposit Insurance Corpor…

It is reported that the Federal Deposit Insurance Corporation (FDIC) has sent a termination letter to CEX.IO, requesting CEX.IO, a cryptocurrency exchange head…