Capital / Liquidity

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.

Capital / Liquidity

US Banks Consider Fresh Efforts to Stabilise First Republic Bank

By Editors | 21/03/2023

The 11 banks which agreed to deposit $30bn into First Republic Bank last week are considering a direct capital infusion into the bank.

Crypto / Digital Assets

Flagstar Bank to Assume Signature Bank Deposits, FDIC Says

By Editors | 21/03/2023

The New York Community Bancorp subsidiary will assume “substantially all” the deposits of Signature Bank and buy $12.9bn of its loans at a discount.

Capital / Liquidity

US Bank Body Calls for Backstop to Cover All Midsized Lenders

By Editors | 20/03/2023

A group of midsized US lenders is calling on regulators to extend deposit protection to all deposits for the next two years to prevent a wider run on banks.

Capital / Liquidity

Multiple Reviews in 2021 & 2022 Identified Deficiencies at SVB

By Editors | 20/03/2023

Deficiencies were identified in 2021 but left unaddressed. Last year, Fed officials warned SVB executives about liquidity and the models used to calculate capital.

Enforcement

Biden Seeks to Hold Executives Accountable for Bank Failures

By Editors | 20/03/2023

Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.