Antoni Belchi is a journalist based in Miami, United States of America. He moved from Barcelona to United States in 2010. As a graduate in journalism with over 12 years of experience at top tier international media outlets such as The Washington Post, EFE, AFP, France 24, CNN, Voice of America, etc ...

Sarah Betancourt is a journalist based in New York, United States of America.

Seizure of Silicon Valley Bank Sends Shockwaves Through Massachusetts Markets

13 Mar 2023  |  GBH  |  English  |  Government Intervention in Financial Crisis

The collapse of Silicon Valley Bank (SVB) has caused significant disruption in Massachusetts, affecting tech, finance, and affordable housing markets. SVB's failure, the second-largest in U.S. history, was due to losses on government bonds and a subsequent customer withdrawal surge. The FDIC has assured access to funds for customers, but the impact extends beyond deposits, especially in affordable housing due to SVB's acquisition of Boston Private Bank. Startups may find relief through federal bailouts, but housing projects face challenges with funding and higher interest rates for loans. Boston Mayor Michelle Wu and Gov. Maura Healey are taking measures to support affected businesses and individuals. The article also discusses the broader implications for taxpayers and the banking industry.

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Massachusetts Association of Community Development Corporations Federal Deposit Insurance Corporation (FDIC) Metropolitan Area Planning Council Massachusetts Nonprofit Network Boston’s Economic Opportunity & Inclusion Cabinet

Jamie Blake Knox is an award-winning travel and history writer, who has also published articles on a range of other subjects. His interests include art galleries, ecclesiastical kitsch, Barcelona Football Club, James Joyce and craft beer- interests which have been fuelled by his travels around the ...

Direct Lending Report 2022: Going mainstream

22 Apr 2022  |  Lexology  |  English  |  ESG

The DLA Piper Direct Lending Report 2022 highlights the significant growth and mainstream acceptance of direct lending, particularly in Europe and the US. The report discusses the impressive performance of private debt funds during the pandemic, the increasing role of ESG in lending, and the competitive landscape shaped by private equity deal flow. Key players like Ares Management and Apollo Global Management have set fundraising records, while traditional banks are adapting to collaborate with private lenders. The report also explores regional developments in the DACH and Benelux areas, emphasizing the continued expansion and future potential of direct lending.

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Federal Deposit Insurance Corporation DLA Piper Debtwire Bank of England European Central Bank HSBC UK Bank of Ireland NIBC Bank Chequers Capital Ardian Private Debt

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Elinor Comlay is a journalist based in Atlantic City, United States of America. Elinor speaks fluent Spanish and French and has experience covering immigration, politics and social issues as well as banking and business. She is a British national who previously worked with Reuters in Mexico and New ...

Scrutiny of Commercial Real Estate Loans Chills Small Lenders

04 Oct 2016  |  www.nytimes.com  |  English  |  Small Lenders

Local banks, traditionally reliant on commercial real estate loans, are retreating from the market due to regulatory scrutiny and warnings about lax lending standards. This has led to a shakeout, with some banks selling off loans and becoming more cautious in new lending. Brokers report fewer lenders for certain commercial property deals, and institutional investors and foreign banks are stepping in. Regulatory agencies have set limits on commercial real estate loans, pushing banks to focus on smaller deals or acquisitions. The trend is causing a squeeze on growth and profitability for community banks, leading to further consolidation in the banking sector.

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Federal Reserve Federal Deposit Insurance Corporation Office of the Comptroller of the Currency

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Nick Dauk is a journalist based in Orlando, Florida. A fan of street eats and swapping stories with strangers abroad, Nick's travels have taken him across Latin America and Europe. When he's not writing about the wheres of the world, he's digging into the whos, whats, and whys as he writes about ...

What can be used as collateral for a personal loan?

14 Jul 2023  |  New York Post  |  English  |  Collateral

Personal loans can be either secured or unsecured, with secured loans requiring collateral such as a house, car, or other valuable assets. Collateral protects lenders by allowing them to claim the asset if the borrower defaults. Secured loans typically have lower interest rates compared to unsecured loans, which are considered riskier by lenders. The article discusses the types of collateral, how loan collateral works, and the pros and cons of using collateral for a loan. It also provides tips on how to avoid using collateral by improving credit history or opting for unsecured loans.

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Federal Deposit Insurance Corporation Consumer Financial Protection Bureau

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I am a freelance TV reporter, video journalist and photographer with 13 years of experience. I have worked all over the world; in 2014 I reported from 15 different countries, from Gaza to Ukraine to Brazil for the World Cup.

I am just as happy behind the camera as I am in front of it, and work ...

What will happen next with the banks?

01 Mar 2023  |  FundsPeople España  |  Spanish  |  Economic Impact

The article discusses the recent challenges faced by the banking sector, particularly focusing on the impact of bank failures and liquidity concerns on depositors and investors. It highlights the trend of moving assets to larger, more established banks perceived as safer, and anticipates increased regulatory scrutiny for regional banks. The text also examines the implications of net interest margins (NIM) and the potential for consolidation in the banking industry. The role of regulators in maintaining financial stability, the impact of interest rate changes, and the importance of long-term investment strategies in a short-term market are also discussed.

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Federal Reserve Federal Deposit Insurance Corporation Columbia Threadneedle Investments

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Andrew Lindsay is an award-winning multimedia journalist based in Manchester (Media City, Salford), United Kingdom; a shoot-and-edit journalist with a flair for writing.

His career in print journalism began in 2000, after which he returned to the prestigious Cardiff University to gain a ...

Treasury, Federal Reserve, and FDIC Take Actions to Protect Bank Depositors and Support Bank Liquidity to Conduct Operations

13 Mar 2023  |  Lexology  |  English  |  Government Policy

The Department of the Treasury, Federal Reserve, and FDIC announced measures to protect all depositors, including uninsured ones, following the failures of Silicon Valley Bank and Signature Bank. The actions include invoking the systemic risk exception to prevent depositor losses and introducing the Bank Term Funding Program to support bank liquidity. The White House and President Biden emphasized the government's commitment to ensuring depositor safety and holding those responsible accountable. These measures aim to strengthen public confidence in the banking system and mitigate potential liquidity concerns.

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Federal Deposit Insurance Corporation Federal Reserve Department of the Treasury White House

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Valentina Magri is a freelance journalist based in Milano, MI, Italia.
She covers business, economics, finance, labor and career issues.

After Apple, which tech companies will challenge banks?

26 Apr 2023  |  www.wallstreetitalia.com  |  Italian  |  Finance

Apple's new savings account, in collaboration with Goldman Sachs, offers a 4.15% annual return and is FDIC-protected, currently available only in the US. Roberto Nicastro, president and co-founder of Banca AideXa, believes Apple is redefining retail banking, potentially transforming its banking interface into the primary access point for retail banking services. He predicts other tech giants like Google may follow suit, benefiting consumers in the short term but requiring substantial changes from traditional banks and fintechs. Nicastro advises banks to offer unique value propositions, focus on less vulnerable segments, and improve customer experience to compete with Apple.

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Federal Deposit Insurance Corporation (FDIC) Silicon Valley Bank Banca AideXa

Sara Martin is a journalist based in Paris, France.

Silicon Valley Bank collapses

10 Mar 2023  |  My Met Media  |  English  |  Financial Crisis

Silicon Valley Bank collapsed on March 10, marking the largest bank failure since Washington Mutual in 2008. The bank's deposits had tripled during the early years of the COVID-19 pandemic, but investments in loans and security bonds lost value as the Federal Reserve raised interest rates. This led to significant asset sales at a loss. On March 8, SVB announced a $1.8 billion loss from selling $21 billion worth of bonds, triggering a sell-off by investors and deposit withdrawals. Regulators seized the bank on March 10, and the Federal Deposit Insurance Corporation took over. President Biden assured that no taxpayer money would be used to cover the losses, with funds coming from bank fees paid into the Deposit Insurance Fund.

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Federal Deposit Insurance Corporation

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IFEANYI NDUKWE is a journalist based in Awka, Nigeria.

Nigerians, Fearful yet Determined!!!

01 Oct 2023  |  www.thenigerianvoice.com  |  English  |  Elections

Nigerians are grappling with the Central Bank of Nigeria's cashless policy and the resulting naira scarcity, leading to widespread fear and stress. An audio tape from an Access Bank branch manager has fueled concerns about potential liquidation of customer accounts to repay national debts. The article criticizes the rapid implementation of the new currency design under Godwin Emefiele's leadership and calls for the government and financial institutions to reconsider the impact on average Nigerians. Despite the tense situation, there is a determined hope for a new era as the elections approach.

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Federal Government of Nigeria Nigeria Deposit Insurance Corporation Central Bank of Nigeria

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Kelvin Ng is a journalist based in Hong Kong, Hong Kong.

FDIC eyes targeted coverage to avoid future bank runs, after issuing US$16 billion bill over Signature-SVB

11 May 2023  |  Lexology  |  English  |  Bank Runs

The Federal Deposit Insurance Corporation (FDIC) has announced a US$16 billion charge to the US banking sector for rescuing depositors of SVB and Signature Bank in March 2023. The FDIC is considering further guarantees for large deposits of specific account types to provide reassurance during liquidity stress while limiting moral hazard.

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Federal Deposit Insurance Corporation

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Reliable professional journalist based in central Florida. I report for NPR and its central Florida affiliate, covering  daily news and am a strong feature reporter. Gathering audio--be it through tape syncs, vox pops, or live, one-on-one interviews--is my forte. I also have strong editing skills.

The Financial Journey: Understanding Cybersecurity and Protecting Your Finances

19 Dec 2023  |  Word In Black  |  English  |  Cyber Threats

The article discusses the importance of cybersecurity, highlighting the experiences of Tami Hudson, who now helps people protect against cybercriminals. It reflects on the evolution of cyber threats since the Y2K scare, noting that the language and techniques for dealing with cyber threats were underdeveloped at that time. The article mentions the significant number of cyber-attacks reported in 2022 and the estimated financial losses. It outlines various common cyber threats and emphasizes the importance of good 'cyber hygiene' practices such as using unique passwords, regular updates, two-factor authentication, and being cautious with personal information. The article also advises on how to identify secure websites and avoid scams, suggesting that readers research companies and look for secure links. Wells Fargo's partnership with Word In Black for financial education is also mentioned.

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Federal Deposit Insurance Corporation Word In Black FBI’s Internet Crime Complaint Center

Kenneth Thomas is a journalist working between France, India and the United States.

Channeling Twisted Sister, more bankers are taking regulators to court

05 Oct 2023  |  www.americanbanker.com  |  English  |  Legal Challenges

The banking industry is increasingly challenging proposed regulations in court, marking a significant shift in their approach to regulatory compliance. Recent legal victories, including a case headed to the Supreme Court, highlight the industry's pushback against what they perceive as unfair regulations. The article discusses the complexities and potential damages of the Community Reinvestment Act Notice of Proposed Rulemaking (NPR), arguing that it is overly complicated and politically motivated. The American Bankers Association and the Bank Policy Institute are preparing for legal challenges, citing inconsistencies with the CRA law, the Administrative Procedures Act, and the Constitution.

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Federal Reserve Federal Deposit Insurance Corporation Consumer Financial Protection Bureau Supreme Court Office of the Comptroller of the Currency American Bankers Association Bank Policy Institute

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Sakshi Udavant is a freelance journalist with an academic background in psychology. 

She covers mental health, technology, finance, business, and related topics for industry-leading brands like PayPal, Mozilla, NBCU, Insider, Digital Trends, InsideHook, Chicago Tribune, and others found here: ***...

Will the Silicon Valley Bank Collapse Affect your Money?

23 Mar 2023  |  LifeUpswing - Make Money | Save Money | Think Money  |  English  |  Tech Industry

The collapse of Silicon Valley Bank (SVB), the largest tech-focused bank in the US, has caused significant concern among investors and depositors. The bank's downfall was triggered by a rapid withdrawal of funds by large tech companies, leading to a liquidity crisis. Despite the collapse, the federal government has assured that all deposit accounts at SVB will be protected, ensuring depositors will be reimbursed. Experts recommend diversifying funds across multiple banks and financial products to safeguard money in the future.

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Federal Deposit Insurance Corporation TheGuaranteedLoans Exirio Forbes Advisor University of South Alabama

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