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Financial Institution Insolvency and the Federal Response to the Regional Bank Failures of 2023.
- Source :
- Congressional Research Service: Report; 8/21/2023, preceding p1-20, 22p
- Publication Year :
- 2023
-
Abstract
- The article focuses on the insolvency of regional banks in 2023 and the federal response to these bank failures. It highlights how the Federal Deposit Insurance Corporation (FDIC) was appointed as the receiver for three collapsed banks and the subsequent actions taken to protect insured depositors and the Deposit Insurance Fund (DIF). It also discusses the implications of these bank failures, including regulatory reviews, congressional hearings and legislative proposals.
- Subjects :
- REGIONAL banks
BANKRUPTCY
BANK failures
CONGRESSIONAL hearings (U.S.)
LEGISLATION
Subjects
Details
- Language :
- English
- ISSN :
- 07317069
- Database :
- Complementary Index
- Journal :
- Congressional Research Service: Report
- Publication Type :
- Report
- Accession number :
- 172015030