Why SVB Save Hasn't Calmed Depositors at Other Banks
On Monday, the government announced it would rescue depositors — insured and uninsured — at Silicon Valley Bank and Signature Bank. In a news release posted Sunday, the Federal Reserve announced additional funding for other banks to address any needs of their depositors. But given these two…#siliconvalleybank #federalreserve #arated #svb #fdic (Source: Reuters: Health)
Source: Reuters: Health - March 15, 2023 Category: Consumer Health News Source Type: news
Citadel's Griffin Slams SVB Bailout: American Capitalism Is " Breaking Down Before Our Eyes "
Citadel's Griffin Slams SVB Bailout: American Capitalism Is "Breaking Down Before Our Eyes" In contrast to billionaire Bill Ackman's praise for the federal government's bailout of SVB depositors, Citadel founder Bill Griffin is not impressed, telling The FT that this action by US regulators shows…#billackman #svb #citadel #billgriffin #fdic #depositinsurancefund #editorialboard #siliconvalley #signaturebank #uninsured (Source: Reuters: Health)
Source: Reuters: Health - March 14, 2023 Category: Consumer Health News Source Type: news
Novo Nordisk Plans Price Cuts for Several Insulins
Novo Nordisk will start slashing some U.S. insulin prices up to 75% next year, following a path set earlier this month by rival Eli Lilly.
The Danish drugmaker said Tuesday that pre-filled pens and vials of long-acting and short-acting insulins will see price reductions. They include Levemir, Novolin, NovoLog and NovoLog Mix70/30.
Novo also will drop the list price of some unbranded products to match the lower price of the branded insulins.
The price cuts go into effect Jan. 1.
Eli Lilly and Co. said March 2 that it will cut the list prices for its most commonly prescribed insulin, Humalog, and for another insulin, Humulin...
Source: TIME: Health - March 14, 2023 Category: Consumer Health News Authors: Associated Press Tags: Uncategorized Drugs healthscienceclimate wire Source Type: news
Bank Deposits Over the FDIC Limit Are Risky. How to Protect Yourself
Government regulators took the extraordinary step of making whole uninsured depositors at two failed banks, but savers shouldn't count on similar treatment in the future. (Source: Reuters: Health)
Source: Reuters: Health - March 14, 2023 Category: Consumer Health News Source Type: news
Let the bailout debate begin
For roughly 77 hours, between noon ET on Friday and 6pm on Sunday, a chorus of Silicon Valley bigwigs and elected leaders called vocally for uninsured depositors of Silicon Valley Bank to be made whole — to be bailed out by the federal government. In the end, they got what they wanted. Why it…#siliconvalley #siliconvalleybank #treasury #fdic #svb #signaturebank #indymac (Source: Reuters: Health)
Source: Reuters: Health - March 13, 2023 Category: Consumer Health News Source Type: news
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed
American flag over US money STILLFX/Getty Images The US government shut down Signature Bank on Sunday. On Friday, regulators closed Silicon Valley Bank, sparking panic among startups and VCs. Both banks had a huge amount of customer deposits that were not insured by the FDIC. There are others. A…#stillfxgettyimages #signaturebank #siliconvalleybank #fdic #svb #ustreasury #federalreserve #richfalkwallace #signature #firstrepublic (Source: Reuters: Health)
Source: Reuters: Health - March 13, 2023 Category: Consumer Health News Source Type: news
Control of Silicon Valley Bank up for auction as federal officials weigh protecting uninsured deposits after collapse
Silicon Valley Bank's HQ in Santa Clara, California Getty Images An auction of Silicon Valley Bank is underway as feds rush to save the collapsed financial institution. Officials told the Washington Post the government is considering protecting all uninsured depositors. Bids are expected to…#siliconvalleybank #santaclara #treasury #janetyellen #cbsnews (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source
Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank if no buyer materializes, according to a source close to the situation. One way that the regulators would step in would be to create a backstop for uninsured deposits at…#siliconvalleybank #federalreserve #svb #fdic #treasury #janetyellen (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
US Officials Consider Bailing Out All Silicon Valley Bank Deposits
The Washington Post has reported that US officials are considering bailing out all Silicon Valley Bank deposits. Specifically, the report stated federal officials considering “safeguarding all uninsured deposits,” at the now-closed financial institution. Moreover, the government is considering…#siliconvalleybank #treasurydepartment #federalreserve #fdic #wapo #watcherguru #usconsiders #svbfinancial #bloombergreport #conclusively (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
U.S. and U.K. regulators consider ways to help SVB depositors, FDIC auctioning assets
The U.S. Federal Deposit Insurance Corporation is reportedly holding an auction for the assets of failed Silicon Valley Bank of California this weekend, while discussions are also said to be underway involving the Federal Reserve to possibly create a fund to protect depositors. Meanwhile, the U.K.…#siliconvalleybank #federalreserve #siliconvalleybanks #fdic #svb #svbsivb #washingtonmutual #uninsured #firstrepublicbankfrc #ubs (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
Startups Tied To Silicon Valley Bank Crisis Are Fearing The Worst As Monday Looms
Although the Federal Deposit Insurance Corporation (FDIC) will sell Silicon Valley Bank's assets and make a portion of its clients' uninsured deposits available as soon as Monday, startups remain uneasy about their future and are hoping that a buyer for the bank emerges before then. SVB has…#fdic #siliconvalleybank #svb #twitter #ycombinator #larrysummers #healthtech #flowhealth #alexmeshkin #toy (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
Regulators rush to sell SVB assets to make uninsured accounts partly available on Monday: Bloomberg
Regulators are scurrying to sell assets of the failed Silicon Valley Bank this weekend and hope to make between 30% to 50% of uninsured deposits available for withdrawal Monday, Bloomberg reported. Regulators closed SVB on Friday amid a bank run and the Federal Deposit Insurance Corporation…#siliconvalleybank #svb #fdic #usdc #circle #blockcryptoinc (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
FDIC Races to Start Returning Some Uninsured SVB Deposits Monday
(Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
FDIC may make some uninsured Silicon Valley Bank deposits available Monday
Saleha Mohsin, Lydia Beyoud and Sridhar Natarajan (Bloomberg) — US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to people with knowledge of the situation. The…#salehamohsin #lydiabeyoud #sridharnatarajan #svbfinancialgroup #siliconvalley #fdic #siliconvalleybanks #siliconvalleybank #svb #federalreserve (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
