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California Financial Regulator Takes Possession of Silicon Valley Bank
- smugma 4y agoCalifornia regulators stepped in and took over the bank, then handed over to the Feds.
- avelis 4y agoSounds like standard procedure.
- bragr 4y agoIt would be nice to get an explanation of this two step process. As a state chartered bank, is it up to the state up get the ball rolling formally?
- smugma 4y agohttps://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-of-Banking---Banks-and-their-Regulators https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-o...
- perihelions 4y agoDupe https://news.ycombinator.com/item?id=35096877 https://news.ycombinator.com/item?id=35096877 ("FDIC Takes over Silicon Valley Bank (fdic.gov)")
- dang 4y agoComments moved thither. Thanks!