Dec 15, 2023 | Economy News
FDIC Signature Bridge Bank Sells 5% Equity in $5.8B Rent-Stabilized Multifamily Loans The Federal Deposit Insurance Corporation (FDIC) has announced the completion of a transaction in which Signature Bridge Bank has sold a five percent equity interest in entities...
Dec 14, 2023 | Economy News
Lessons Learned from Basel III Endgame Proposal: FDIC Director McKernan’s View This week, Federal Deposit Insurance Corporation (“FDIC”) Director Jonathan McKernan gave remarks to the ISDA Conference on Trading Book Capital on Basel III Implementation. As the...
Dec 14, 2023 | Economy News
FDIC Signature Bridge Bank, as the receiver, has recently completed a significant transaction by selling a 20 percent equity stake in an entity holding a massive $16.8 billion portfolio of commercial real estate (CRE) loans. This sale is one of the several...
Dec 14, 2023 | Economy News
FDIC Implements Special Assessment to Recover Losses from SVB and Signature Bank The FDIC has recently implemented a special assessment to recover losses from the failures of Silicon Valley Bank (SVB) and Signature Bank. This move is in response to the systemic risk...
Nov 29, 2023 | Economy News
Banks Show Resilience with High Net Income, FDIC Reports The Federal Deposit Insurance Corporation (FDIC) has reported that banks have shown resilience with high net income despite a slight decrease in the third quarter. The aggregate net income for the 4,614...
Nov 29, 2023 | Economy News
The Federal Deposit Insurance Corp. (FDIC) has issued a consent order against First Northwest Bancorp’s subsidiary, First Fed Bank. The consent order stems from the bank’s fintech partnership, which was created through a joint venture with Quin Ventures....
