Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair says crypto could ‘go away tomorrow and we’re not going to feel any impact on the real economy.’ | Yahoo Finance

First Citizens Bank has signed a deal with the #Federal Deposit Insurance Corporation (FDIC) to buy Silicon Valley Bank (SVB), easing market concerns. The transaction covers $119 billion in deposits and $72 billion in assets. #Forbes #SVB | Forbes Middle East English | Facebook

Sheila Bair, the former chair of the FDIC, explained the lessons that will be learned from the collapses of the Silicon Valley Bank and Signature Bank. Bair said she doesn't see a systemic issue, explaining that the FDIC has a perfect record of protecting insured depositors. #SVB #SignatureBank #FDIC | NewsNation