FDIC

The US Federal Deposit Insurance Corporation (FDIC) has ordered OKCoin to remove misleading statements indicating that its customers' accounts are insured through the government agency. The FDIC issued the order Thursday in a letter…

© Reuters. People pass near a branch of First Republic Bank in New York, US, April 28, 2023. REUTERS/Eduardo Munoz Written by Chris Prentice and Nupur Anand NEW YORK (Reuters) - PNC Financial Services Group and JPMorgan Chase &…

The stock market rally fell sharply over the past week, but rebounded to close with solid gains, a change that could pave the way for a stronger advance. JPMorgan Chase and PNC Financial are competing to buy First Republic Bank (FRC)…

It seems as if time has run out at First Republic Bank.Reuters reported, citing sources, that the US Federal Deposit Insurance Corporation is preparing to put the troubled bank under receivership "imminently".Not surprisingly, reports on…

© Reuters. FILE PHOTO: A trader works at the center where First Republic Bank shares are traded on the floor of the New York Stock Exchange (NYSE) in New York City, US, on March 16, 2023. REUTERS/Brendan McDiarmid (Reuters) - Shares…

Shares of regional banks rose Monday after a late-night agreement by First Citizens to buy the assets of failed lender Silicon Valley Bank.Updated at 6:52 AM ESTFirst Citizens BancShares (FCNCA) - Get a free reportIt agreed to buy failed…