Federal Deposit Insurance Corporation

Signature Bank becomes next casualty of banking turmoil after Silicon Valley Bank

The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 in deposits at the end of last year, according to New York state's Department of Financial Services

Why did the Silicon Valley Bank collapse? Will this lead to a repeat of 2008?

Silicon Valley Bank was hit hard by the downturn in technology stocks over the past year and the US Federal Reserve's aggressive plan to increase interest rates to combat inflation. Its downfall is the largest failure since Washington Mutual collapsed due to a financial crisis more than a decade ago

China covered up possible hack of US banking regulator

The Chinese government likely hacked computers at the Federal Deposit Insurance Corporation in 2010, 2011 and 2013 and employees at the U.S. banking regulator covered up the intrusions, according to a congressional report on Wednesday.