Category: Banking

On Friday, November 3, 2023, Citizens Bank was closed by the Iowa Division of Banking. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Iowa Trust …Read more  »

Are you an entrepreneur looking for ways to fund your business venture? Or an investor looking for high returns on your investment? If so, you've probably come across the term "leveraged financing." But what exactly does it mean? In this …Read more  »

According to the provided web search results, Silicon Valley Bank (SVB) collapsed in March 2023 after customers began frantically withdrawing their deposits following the announcement of a $1.8 billion loss and credit downgrade. The collapse is the biggest bank failure …Read more  »

The Senate Banking Committee recently achieved a significant milestone in response to this year's banking turmoil by approving a bipartisan bill in a 21-2 vote. The legislation, negotiated by Senate Banking Chair Sherrod Brown, Senator Tim Scott, and Senator Elizabeth …Read more  »

Signature Bank Failure Update: What's Next? The Federal Deposit Insurance Corporation (FDIC) has announced its plans to sell the commercial real estate holdings left over from Signature Bank. FDIC has announced a framework for selling off approximately $60 billion in …Read more  »