Summary: The Federal Deposit Insurance Corp (FDIC) said in a statement Monday customers will be able to access their Silicon Valley Bank deposits at a bridge bank. Banking regulators approved the transfer on Sunday. The FDIC appointed former Fannie Mae CEO Tim Mayopoulos as CEO of the bridge bank. Author: Katie Lin
The Federal Deposit Insurance Corp (FDIC) said in a statement Monday customers will be able to access their Silicon Valley Bank deposits at a bridge bank.
Banking regulators approved the transfer on Sunday.
The FDIC appointed former Fannie Mae CEO Tim Mayopoulos as CEO of the bridge bank.
Author: Katie Lin
Last Update:
Tags: bridge bank,CEO,Fannie Mae,FDIC,Federal Deposit Insurance Corp,Silicon Valley Bank,Tim Mayopoulos
Link: FDIC Says Silicon Valley Customers Can Fully Access Funds at Bridge Bank [Copy]
Tags: bridge bank,CEO,Fannie Mae,FDIC,Federal Deposit Insurance Corp,Silicon Valley Bank,Tim Mayopoulos
Link: FDIC Says Silicon Valley Customers Can Fully Access Funds at Bridge Bank [Copy]
