Capital / Liquidity

Capital / Liquidity

First Citizens Bank to Takeover SVB Deposits and Loans

By Manesh Samtani | 27/03/2023

The FDIC and First Citizens Bank & Trust Co will share the losses and potential recoveries on commercial loans made by SVB.

Capital / Liquidity

US Lender PacWest Facing Lawsuit Despite Securing Lifeline

By Editors | 27/03/2023

Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.

Capital / Liquidity

Industry Welcomes Regulator Commitments to Prioritise Bondholders

By Manesh Samtani | 24/03/2023

Regulators respond to Swiss decision to wipe out Credit Suisse bondholders by pledging to respect the bank rescue hierarchy in a crisis.

Capital / Liquidity

BCBS to Assess Financial Stability Risks of Higher Interest Rates

By Editors | 23/03/2023

The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.

Capital / Liquidity

Yellen Not Considering ‘Blanket Insurance’ for US Bank Deposits

By Editors | 23/03/2023

Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.

Capital / Liquidity

APRA Directs Banks to Declare Links to Crypto Firms

By Sanday Chongo Kabange | 23/03/2023

APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.

Crypto / Digital Assets

Stablecoin Reserves Should be Held at Central Banks: Circle

By Editors | 22/03/2023

Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.

Capital / Liquidity

FDIC Running Two Separate Auctions for SVB Assets This Week

By Editors | 22/03/2023

SVB and its private bank may be sold separately. First Citizens BancShares, Apollo Global Management, and a group of VC firms are considering bids.

Capital / Liquidity

Secretary Yellen Indicates Intent to Protect Smaller Banks

By Manesh Samtani | 22/03/2023

US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.