FDIC
9 articles
DCW Articles
Letters of Credit in U.S. Bank Failures: Possible Outcomes
Creditworthiness and reliability are foundational to letters of credit. By substituting the creditworthiness of the issuing bank for that of
DCW Conference Report
2023 Americas Annual LC Survey • Executive Summary (Part 1)
Part 1 Executive Summary of IIBLP's Americas Annual LC Survey in 2023
DCW Litigation Digest
Lexon Insurance Co. v. FDIC [2021]
Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.
DCW Updates
LC Implications from the Fallout of the SVB, Signature Bank Failures
The abrupt mid-March 2023 closures of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves through the US banking system
DCW Government Report
FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York, NY
The FDIC has established Signature Bridge Bank as the Successor to the failed Signature Bank to function as the bridge bank successor until FDIC stabilization.