Silicon Valley
How Hobbit-inspired startup plans to replace Silicon Valley Bank
Backed by Palmer Luckey and other founders, a new bank named Erebor has earned a preliminary government approval.
4 min read16 Oct 2025Capital One sues FDIC for overcharge related to two bank failures
USA-FDIC/CAPITAL ONE (PIX):Capital One sues FDIC for overcharge related to two bank failures
1 min read11 Sep 2025UK Proposes to Raise Cap on Bank Deposit Insurance to £110,000
The Bank of England has proposed increasing the limit on deposits legally protected in the event of a bank failure by almost 30%, after a review triggered by the collapse of Silicon Valley Bank two years ago.
1 min read31 Mar 2025Over 1,600 Financial Firms Tapped Fed's Emergency Lending Tool
More than 1,600 banks and their subsidiaries tapped the Federal Reserve's emergency lending program created to support the industry during the regional banking turmoil two years ago.
2 min read13 Mar 2025NYCB names CEO Joseph Otting to additional role of executive chairman
NYCB-CHAIRMAN/ (UPDATE 2, PIX):UPDATE 2-NYCB names CEO Joseph Otting to additional role of executive chairman
1 min read5 Jun 2024Defunct SVB Financial Group to offload Indian arm to First Citizens Bancshares
Defunct SVB Financial Group to sell Indian subsidiary to First Citizens Bancshares
1 min read21 Mar 2024Your Bank Doesn't Want You To Know This UGLY TRUTH! | Mint Explains | Mint
The Indian banking sector is facing a crisis, with 13 banks shutting down in recent years. This has raised concerns about the safety of your money. In this video, we will answer: Why Are Banks Suddenly Failing?, Why are banks failing?, U.S. Banks Keep Failing, Why Do Indian Banks Keep Failing?, Why are Indian Banks Failing?, The Secret Money Saving Rule, how to save money in banks, DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION, DICGC Insurance Coverage on Bank Account & Bank Deposit 5 Lakhs, What Is DICGC, Deposit Insurance and Credit Guarantee Corporation, Bank Security, Banking. Your money is insured up to ₹5 lakhs per depositor per bank, thanks to the Deposit Insurance and Credit Guarantee Corporation (DICGC). However, it's important to be aware of the types of deposits covered by DICGC and to diversify your deposits across multiple banks to reduce risks. So, choose your bank wisely and stay vigilant! Subscribe to Mint for more informative videos on personal finance and economics!
4 Sep 2023