California Financial Regulator Takes Possession of Silicon Valley Bank (dfpi.ca.gov) 79 points by smugma 3y ago ↗ HN
[–] smugma 3y ago ↗ California regulators stepped in and took over the bank, then handed over to the Feds. [–] avelis 3y ago ↗ Sounds like standard procedure. [–] bragr 3y ago ↗ It 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 3y ago ↗ https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-o...
[–] avelis 3y ago ↗ Sounds like standard procedure. [–] bragr 3y ago ↗ It 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 3y ago ↗ https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-o...
[–] bragr 3y ago ↗ It 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 3y ago ↗ https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-o...
[–] perihelions 3y ago ↗ Dupehttps://news.ycombinator.com/item?id=35096877 ("FDIC Takes over Silicon Valley Bank (fdic.gov)") [–] dang 3y ago ↗ Comments moved thither. Thanks!
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[ 2.9 ms ] story [ 30.4 ms ] threadhttps://news.ycombinator.com/item?id=35096877 ("FDIC Takes over Silicon Valley Bank (fdic.gov)")