Federal Deposit Insurance Corporation

The harmonization of national systems for the guarantee of bank deposits must move forward, Bank of Greece (BoG) Governor Yannis Stournaras told "Banking Resolution at Ten: Experiences and Open Issues," an international conference on the 10-year experience from the resolution of the financial system, in Athens on Wednesday.

Investment tycoon Warren Buffett has said that messaging from the U.S. government over the regional banking crisis had been "poor," suggesting that is why confidence has not returned among consumers.    

Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.

A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to 250,000 dollars. The aim is to avoid the "phenomenon of contagion" after the bankruptcy of Silicon Valley Bank (SVB), reports "Bloomberg", quoted by AFP and BTA.

America's largest banks moved on March 16 to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.

The US administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a wider systemic crisis.

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.

In a move that sent global banking shares into turmoil, US regulators on Friday shut down Silicon Valley Bank, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.

A former Turkish banking executive was released on July 19 from a federal U.S. prison.       

Bulgaria's Parliament on Thursday decided state-guaranteed deposits in banks to be repaid within seven workdays after a bank suspends payments.