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The Latest Breaking News from Federal Deposit Insurance Corporation

NBA Star Giannis Antetokounmpo Thought Spreading His Salary Across Multiple Accounts Was the Best Way to Go—Marc Lasry Showed Him Smarter Investments

NBA All-Star Giannis Antetokounmpo has a strong investment portfolio, but that wasn't always the case. When Antetokounmpo was a young player, he thought spreading his NBA salary across half a dozen different banks to get Federal Deposit Insurance Corporation protection was the best way to safeguard his wealth.

Benzinga

Silicon Valley Bank’s former owner sues US watchdog for $1.9bn

Federal Deposit Insurance Corporation accused in lawsuit of violating US bankruptcy law.

Al Jazeera

Spectre of first global credit crunch since global financial crisis emerges as another US bank faces collapse

The US Federal Deposit Insurance Corporation is reportedly preparing to place First Republic Bank under receivership, which would make it the third US bank to collapse this year.

ABC News

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US regulators step in to shore up banking sector in wake of SVB's collapse

The US Treasury, Federal Reserve and Federal Deposit Insurance Corporation have unveiled a plan meant to stem any contagion from Silicon Valley Bank's (SVB) failure on Friday. The Federal Reserve will provide an emergency lending facility that will ensure all of the bank's depositors are repaid in full. Elsewhere, the…

France 24

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