The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains – like rising stock prices – than for ensuring their companies’ long-term health.
If your bank has less than $5 billion in uninsured deposits, it will be exempted from a new FDIC fee being levied on the nation’s banks in order to replenish the agency’s deposit insurance fund.
Given our cautious approach, Washington lawmakers should ensure that regulations resulting from the Silicon Valley Bank and Signature Bank closures do not harm community banks like ours.
Only 10 percent of U.S. adults say they have high confidence in the nation’s banks and other financial institutions in the wake of Silicon Valley Bank’s collapse.
