FDIC

2023 Americas Standby Forum: Executive Summary

First Citizens, Flagstar Climb in US LC Rankings

link to Stats or remove reference

FDIC Acts to Protect All Depositors of the Former Silicon Valley Bank, Santa Clara, California

Lexon Insurance Co. v. FDIC [2021]

Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.

LC Implications from the Fallout of the SVB, Signature Bank Failures

The abrupt mid-March 2023 closures of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves through the US banking system

FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York, NY

The FDIC has established Signature Bridge Bank as the Successor to the failed Signature Bank to function as the bridge bank successor until FDIC stabilization.