التفاصيل البيبلوغرافية
| العنوان: |
FDIC Releases Report on Its Supervision of First Republic Bank Leading Up to Its Failure. |
| المؤلفون: |
Silvia, Joseph E.1 |
| المصدر: |
Business Law Today. Sep2023, p30-31. 2p. |
| مصطلحات موضوعية: |
*INTEREST rates, *BANK deposits, *BANK failures, *DEPOSIT insurance, *SUPERVISION, *MARKET failure |
| الشركة/الكيان: |
FEDERAL Deposit Insurance Corp. |
| مستخلص: |
The Federal Deposit Insurance Corporation (FDIC) has released a report on its supervision of First Republic Bank leading up to its failure in May 2023. The report identifies the primary cause of the bank's failure as a loss of market and depositor confidence following the failure of other banks. The FDIC also highlights specific attributes of First Republic's business and management strategy that made it more vulnerable to interest rate changes and the post-SVB contagion. The report acknowledges areas for improvement at the FDIC and outlines eight matters that will require additional review, with a focus on examiner guidance, expectations, and internal processes. [Extracted from the article] |
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| قاعدة البيانات: |
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