Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair says crypto could ‘go away tomorrow and we’re not going to feel any impact on the real economy.’ | Yahoo Finance

"Our regulatory framework in the past decade has gone too far into... playing it so safe that the banks have been sitting on a lot of capital that they have not released into the economy." Federal Deposit Insurance Corporation Chairman Jelena McWilliams told FOX Business that the agency's goal is to make sure banks are "safe and sound" while enabling growth. | Fox Business

Member FDIC | Bank of America

First Citizens Bank has signed a deal with the #Federal Deposit Insurance Corporation (FDIC) to buy Silicon Valley Bank (SVB), easing market concerns. The transaction covers $119 billion in deposits and $72 billion in assets. #Forbes #SVB | Forbes Middle East English