PYMNTS
JANUARY 31, 2019
is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. . Bloomberg listed Casey G.
Long Lasting Ideas
JUNE 8, 2016
Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Sarbanes-Oxley, Dodd-Frank, the FDIC and other financial regulators – as well as Congress and the White House — have not been friendly to community banks, all while bailing out Wall Street big boys.
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PYMNTS
FEBRUARY 19, 2019
Earlier this month, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C., “A way of ensuring that accountability is to have the public involved in the oversight of what they’re doing.”
South State Correspondent
MARCH 15, 2023
Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank.
PYMNTS
NOVEMBER 12, 2020
Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector.
South State Correspondent
MARCH 13, 2023
While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). That fact makes the bank’s deposits less sticky and subject to outflow at any sign of insolvency.
Long Lasting Ideas
JULY 25, 2018
The Washington Post cited a FDIC report – the regulator’s quarterly report on the state of American banking – that showed a 27.5 at Bank Marketing Strategy + Ideas. percent increase in first quarter net income. Continue reading Trump Tax Cuts – Benefiting Wall Street or Main Street?
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