FDIC: Big depositors drove run risk in 2023
A report from the Federal Deposit Insurance Corp. found that business clients with large volumes of uninsured deposits fled Silicon Valley Bank, Signature Bank and First Republic at unprecedented speed, contributing to those banks’ collapse.
Press Release: FDIC Releases Staff Study of Deposit Flows at Three Failed Banks in Spring 2023
PRESS RELEASE | MAY 14, 2026 FDIC Releases Staff Study of Deposit Flows at Three Failed Banks in Spring 2023 Study focuses on depositor flight at Silicon Valley Bank, Signature Bank, and First Republic Bank WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released “Dissecting Depositor Flight: An Analysis of the Spring 2023 Bank Failures,” […]
The so-called stablecoin ‘yield ban’ leaves community banks vulnerable
Lawmakers are moving toward a compromise that would ban yield payments on stablecoins, but allow other rewards. The distinction is functionally meaningless, and leaves small banks in danger of losing deposits.
Fiserv has co-created AI agents with six banks and OpenAI
First Interstate Bank and Boulder Dam Credit Union have begun piloting the new agents, which were built using AWS’s Bedrock.
Alabama community bank to introduce digital small-business brand
The 22nd State Bank in Mobile has been developing its national Always.bank subsidiary over the past year. 22nd State, which was founded in 1917, eyeing a summertime launch for the online unit.
Senate confirms Kevin Warsh as Federal Reserve chair
The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board.
Trump’s ‘war on DEI’ reaches PayPal
The payment company will waive transaction fees totaling about $30 million for veteran-owned, farming, manufacturing or technology-based small businesses following an investigation into a six-year-old former investment program designed for Black and minority-owned small businesses.
Affirm seeks bank apps to build its BNPL empire
At its first investor forum since 2023, Affirm outlined its plans for Affirm Edge, an attempt to build broader networks for its buy now/pay later loans through bank integrations.
JPMorgan names trio to co-lead global investment banking
The largest U.S. bank by assets announced a series of leadership changes affecting its global investment banking business, including three new co-heads to oversee the segment.
Fed survey: Americans feel financially secure despite prices
An annual Federal Reserve survey of nearly 13,000 respondents found that households generally felt financially secure in 2025, though many cited rising prices as a lingering concern.