FDIC mulls loss-sharing with nonbanks to boost bids on failed lenders, Bloomberg reports

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

The U.S. Federal Deposit Insurance Corp (FDIC) is mulling whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was left holding a large portfolio of Signature Bank loans following its collapse, Bloomberg News reported on Friday.

Since the FDIC does not regulate nonbanks, the firms cannot bid for an entire lender but such a move could entice them to buy loans and assets at a discount from collapsed institutions and help the FDIC get higher bids, the.

Since the FDIC does not regulate nonbanks, the firms cannot bid for an entire lender but such a move could entice them to buy loans and assets at a discount from collapsed institutions and help the FDIC get higher bids, the

Source: Insurance Report (insurancereport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FDIC enlists BlackRock to clean up banking castoffsThe FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.
Source: FoxBusiness - 🏆 458. / 53 Read more »

FDIC proposes deposit insurance reforms in wake of bank failuresThe FDIC week announced proposed reforms to their deposit insurance program after a wave of bank failures with Silicon Valley Bank, Signature Bank, and most recently First Republic.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Bill Ackman: More banks will fail unless FDIC insures all depositsBillionaire investor Bill Ackman warns more banks will fail unless the FDIC insures all deposits
Source: BusinessInsider - 🏆 729. / 51 Read more »

FDIC insuring all deposits would only cost banks' customers: expertBig name investors like Bill Ackman are calling on the FDIC to insure all deposits, but that would only cost banks' customers more, former FDIC chair says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Samsung bans use of AI-like ChatGPT for employees after misuse of the chatbotSamsung is restricting the use of A.I. such as ChatGPT for employees after the company discovered such services were being misused.
Source: NBCNews - 🏆 10. / 86 Read more »

Pacwest Bancorp Extends Surge To 82% For Biggest Jump On Record - Bloomberg By Investing.com⚠️BREAKING: *PACWEST BANCORP SHARES SURGE 70% AS REGIONAL BANKS BOUNCE BACK $PACW
Source: Investingcom - 🏆 450. / 53 Read more »