FDIC

According to reports, Watcher.guru disclosed information on social media, the Federal Deposit Insurance Corporation (FDIC) of the United States said that it would pay a certain proportion of deposit funds to uninsured depositors of Silicon Valley banks as “advance dividend”. Interpretation of this information: The Federal Deposit Insurance Corporation (FDIC) of the United States has recently come forward stating that it plans to pay a certain proportion of deposit funds to uninsured depositors of Silicon Valley banks as an “advance dividend”. This statement was revealed by an account named Watcher.guru…

According to reports, Watcher.guru revealed on social media that the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are considering setting up a fund to enable regulators to provide more deposit guarantees for banks in trouble after the collapse of banks in Silicon Valley. Interpretation of this information: The news coming from Watcher.guru suggests that the FDIC and the Federal Reserve are considering the establishment of a fund that would help regulators offer more deposit guarantees to banks experiencing financial difficulties following the fall of banks in 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 the United States) and referring to the collapse of Southern Pacific Bank in 2003, FDIC will first pay a one-time dividend (about 62%), and pay 94% of the capital at the time of final payment. If Silicon Valley Bank is similar to this situation, the maximum loss of Circle is $198 million of $3.3 billion, which is easily covered by Circle’s interest income. Interpretation of this…

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 bank. Interpretation of this information: The news of Silvergate Bank seeking assistance from the Federal Deposit Insurance Corporation (FDIC) has caught many in the market by surprise. Silvergate Bank had otherwise been seen as a robust and growing bank, especially in the digital currency space, with its focus on serving the crypto industry. However, the recent turmoil in the market triggered by 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 enterprises have been told that they need to conduct careful risk assessment, but the latest statement is not in the process of formulating new policies. The new announcement released on Thursday aims to “remind banking organizations to apply the existing risk management principles when it comes to activities related to cryptocurrencies”. Banks should consider the “concentration and correlation” of the entire deposit and the potential liquidity…

It is reported that the Federal Deposit Insurance Corporation (FDIC) has sent a termination letter to CEX.IO, requesting CEX.IO, a cryptocurrency exchange headquartered in Naperville, Illinois, to stop claiming that the dollar held in its legal currency wallet is insured by FDIC. The agency said that a part of the CEX.IO website incorrectly pointed out that “the dollar held in your CEX.IO legal currency wallet is insured by FDIC, and the maximum amount of each account is 250000 dollars.” Interpretation of this information: The Federal Deposit Insurance Corporation (FDIC) has…