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One year later, many clients have forgotten key lessons from the banking crisis
Just as diversifying investments improves risk-adjusted returns, so does diversifying cash.
Big banks face larger burden from SVB collapse
FDIC deposit insurance fund paid out around $16B.
Flourish Cash increases FDIC coverage, interest rate to meet advisor demand
Independent advisors can use Flourish to offer clients 5% APY on cash and up to $10 million in FDIC insurance.
FDIC hit with $1.9 billion suit from SVB Financial
The parent of failed Silicon Valley Bank is chasing cash held by the regulator.
Many Americans worrying their money in the bank isn’t safe
48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years, according to a Gallup poll.
FDIC asks banks for final bids on First Republic by Sunday
The bidding process could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month.
Raymond James’ ‘enhanced savings program’ got bump from SVB failure, execs say
Interest income brought the firm's revenue to a record high during the quarter ended in March, offsetting lower income from asset management fees.
First Republic plunges on report of buyers for new shares
The firm's advisors have lined up possible purchasers of new shares in the bank as part of a rescue plan.
First Citizens grabs SVB wealth unit as part of broader deal
The addition of SVB Wealth, which has close to $16 billion in client assets, will help First Citizens expand in the California market.
First Citizens to buy Silicon Valley Bank after run on lender
The deal transforms North Carolina-based First Citizens into one of the top 15 U.S. banks, as it buys about $72 billion of SVB's assets at a discount of $16.5 billion.
Look before leaping onto platforms offering elevated FDIC-insured deposits
Fintech firms are falling over themselves to court cash deposits, with both Betterment and SoFi announcing expanded FDIC coverage over the past week.
FDIC moves bid deadline for Silicon Valley Private Bank to Friday
Bids are also still due Friday for the so-called bridge bank that the FDIC set up this month to seize the assets and liabilities of Silicon Valley Bank.
FDIC extends bidding for Silicon Valley Bank
The regulator said that it's seen 'substantial interest' from multiple potential buyers.
Advisors already know SVB’s lesson
The truth — which long-time advisors know all too well — is that prudent risk management is rarely a crowd-pleaser before a crisis hits.
SVB Financial Group files for bankruptcy
Silicon Valley Bank's parent company filed for Chapter 11 after the bank was placed in FDIC receivership last week.
First Republic gets $30 billion in fresh deposits in bank rescue
The plan, which the banks devised with US regulators, is meant to stave off a widening panic in the wake of regulators' seizure of Silicon Valley Bank and Signature Bank over the past week.
Silicon Valley Bank wealth management sale could be quick
There are rumors that several large, well-known aggregators of RIAs are circling SVB Private and its $17 billion in assets.
JPMorgan, Morgan Stanley in talks for First Republic, WSJ says
Several large banks are discussing a potential deal that could include a sizable capital infusion to shore up troubled First Republic.
Bank failures spotlight cash management platforms
Financial advisors look for creative ways to keep client cash accounts from going over the $250,000 limit on FDIC coverage.
Fed introduces new backstop for banks
In a move to shore up confidence in the banking system, the Fed program will provide banks with one-year loans under easier terms than usual.
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