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A Quick Take on a Sudden Change in the Banking Landscape | Cadwalader, Wickersham & Taft LLP

A lot of ink has been spilled in the last 72 hours regarding the historic developments involving Silicon Valley Bank and Signature Bank. Our quick summary of the facts and law is below.. ....

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Silicon Valley Bank FDIC and the Changing Banking Landscape

CA Department of Financial Protection appointed FDIC as receiver for Silicon Valley Bank. SVB is California bank subsidiary of SVB Financial Group, and member of FDIC and FRS. To protect insured depositors, FDIC created DINB and immediately transferred insured SVB deposits. ....

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