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Scheme Finance – FDIC Asks Big Banks for Takeover Proposals and Bids for First Republic
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Posted On: April 29, 2023
There’s something sketchy afoot in the world of high finance. Following the collapse of Silicon Valley Bank, the most likely first contagion bank would have been First Republic Bank; both California banks carried similar vulnerabilities. However, once the Treasury Dept agreed to cover all deposits, even those unsecured deposits over the $250k FDIC insurance protection, […]
The post Scheme Finance – FDIC Asks Big Banks for Takeover Proposals and Bids for First Republic appeared first on The Last Refuge.
Re Posted From: Scheme Finance – FDIC Asks Big Banks for Takeover Proposals and Bids for First Republic
[BACK]
[BACK]Posted On: April 29, 2023
There’s something sketchy afoot in the world of high finance. Following the collapse of Silicon Valley Bank, the most likely first contagion bank would have been First Republic Bank; both California banks carried similar vulnerabilities. However, once the Treasury Dept agreed to cover all deposits, even those unsecured deposits over the $250k FDIC insurance protection, […]
The post Scheme Finance – FDIC Asks Big Banks for Takeover Proposals and Bids for First Republic appeared first on The Last Refuge.
Re Posted From: Scheme Finance – FDIC Asks Big Banks for Takeover Proposals and Bids for First Republic