One company, Mercury, is raising its insurance limit to $5 million, by leveraging a ‘sweep network’ of partner institutions. When Silicon Valley Bank failed earlier this month, it sent a shot across the banking sector’s bow—and a message to investors and depositors that the financial sector may be taking on water.

BING NEWS:
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    Fintechs and their partner banks are keen to hold the industry to high standards of regulatory compliance in the interests of everyone's reputation.
    12/18/2024 - 8:59 pm | View Link
  • FDIC weighs lawsuit against ex-SVB execs
    The regulator is considering taking legal action against six former officers and 11 former directors of Silicon Valley Bank over their role in the bank’s collapse and $23 billion hit to the Deposit ...
    12/18/2024 - 4:14 am | View Link
  • Make America the Great Depression Again: Trump’s plan to kill the FDIC
    Donald Trump has officially revealed when America was last “great”: the 1930s.
    12/16/2024 - 10:59 pm | View Link
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Welcome to Wopular

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