First Citizens Bank strikes deal with FDIC to buy Silicon Valley Bank assets
The deal includes the purchase of assets of $110bn, deposits of $56bn and $72bn of SVB’s loans.
FDIC
FDIC chief innovation officer resigns
Sultan Meghji, FDIC’s first chief innovation officer, is leaving just one year into the job.
FDIC appoints Neocova’s Sultan Meghji as first chief innovation officer
The US agency is aiming to boost innovation among banks and credit unions.
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
City National Bank of New Jersey shut down by OCC
Three US banks have been closed in two weeks by regulators.
US regulators sign up to Global Financial Innovation Network
The CFTC, FDIC, OCC and SEC are all on board.
Federal Reserve signs off on Volcker Rule simplification
“Volcker 2.0” to go live in January 2020.
FDIC’s McWilliams: Core banking vendors must evolve
Top regulator says that collaboration is the future for all in the industry
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
