FDIC Seizes Republic First Bank In First Bank Seizure Of 2024. Fulton Bank Assumes Control Of Bank’s 32 Branches The FDIC and Pennsylvania Department of Banking and Securities took control of Republic First Bank and it’s 32 branches last week. Fulton Bank will now serve bank customers. Republic First Bank is the first US bank […]
FDIC Attorney Pleads Guilty to Conspiring To Sexually Exploit Multiple Underage Girls On The Internet A former FDIC attorney pleaded guilty yesterday to conspiring to sexually exploit multiple children. Court documents state that between January 2018 and October 2021, FDIC attorney Mark Black was a member of two online groups dedicated to exploiting children. The […]
UBS Says Private Bankruptcy Filings This Year Have Surpassed The Peak Set In The Early Stages Of The Pandemic Warning signs of a potential credit crunch were flashing even before Silicon Valley Bank’s stunning collapse. United Bank of Switzerland is saying private bankruptcy filings for small businesses in 2023 have already surpassed pandemic levels. Financial […]
FDIC To Gradually Auction $114B In MBS Seized From Failed Signature Bank and Silicon Valley Bank The FDIC has decided to sell a portfolio of $114 billion in mortgage-backed securities (MBS). The FDIC seized control of the MBS portfolios after taking control of Signature Bank and Silicon Valley Bank. The face values of SVB’s portfolio is approximately […]
Senior FDIC Official Faces 20 Years In Prison For Theft Of Government Property A federal court in eastern New York found senior FDIC Official guilty of theft of government property in the possession of the FDIC. Allison Aytes was a senior employee in the FDIC’s Office of Complex Financial Institutions. Aytes abruptly resigned from the […]
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