{"id":1936993,"date":"2023-05-24T11:15:02","date_gmt":"2023-05-24T15:15:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cayman-islands-regulator-explores-legal-options-after-silicon-valley-bank-deposit-seizure-wsj\/"},"modified":"2023-05-24T11:17:11","modified_gmt":"2023-05-24T15:17:11","slug":"cayman-islands-regulator-explores-legal-options-after-silicon-valley-bank-deposit-seizure-wsj","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cayman-islands-regulator-explores-legal-options-after-silicon-valley-bank-deposit-seizure-wsj\/","title":{"rendered":"Cayman Islands regulator considers legal action over Silicon Valley Bank deposit seizure."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcayman-islands-regulator-explores-legal-options-after-silicon-valley-bank-deposit-seizure-wsj%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1936993&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Cayman Islands Regulator Explores Legal Options After FDIC Seizes Deposits<\/h2>\n<blockquote>\n<p>The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized deposits held at Silicon Valley Bank\u2019s branch in the territory, the Wall Street Journal reported on Wednesday, citing a government official.<\/p>\n<p>Cayman Islands minister of financial services and commerce Andr\u00e9 Ebanks met with some of SVB\u2019s depositors in Hong Kong last week and told them financial regulator CIMA has retained lawyers and is looking for ways to help them, the report said, citing meeting attendees.<\/p>\n<\/blockquote>\n<p>It&#8217;s a tough situation for depositors in the Cayman Islands as the CIMA explores legal options after the FDIC seized deposits held at Silicon Valley Bank&#8217;s branch in the territory. The government official cited in the Wall Street Journal report suggests that the CIMA is looking for ways to help depositors, but it remains to be seen what actions they will take.<\/p>\n<h3>Other News:<\/h3>\n<ul>\n<li>Ron DeSantis may finally be entering the ring to challenge Trump in 2024.<\/li>\n<li>Denisha Allen, founder of \u2018Black Minds Matter,\u2019 shares her thoughts on the NAACP\u2019s recent decision to issue a travel advisory against Florida.<\/li>\n<li>A new record label, Baste Records, aims to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/daily-feed-5-23-23\/\" title=\"Daily update 5\/23\/23\">promote traditional music values<\/a> and resist the influence of political correctness.<\/li>\n<li>In an exclusive interview, the governor said he will be making an announcement soon about his decision on whether to run for president in 2024.<\/li>\n<li>Ride-hailing platform Uber Technologies is stepping up its efforts to go green.<\/li>\n<li>Xiaomi Corp reported a 18.9% drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak.<\/li>\n<li>Figure, a startup that wants to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-five-who-are-sen-rick-scotts-possible-democratic-challengers\/\" title=\"Who might challenge Sen. Rick Scott from the Democratic party? Here are the top five contenders.\">build general-purpose humanoid robots<\/a>, has raised $70 million from investors led.<\/li>\n<li>S&#038;P Global Ratings cut SoftBank Group Corp\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/canadas-bmo-scotiabank-report-lower-income-on-higher-provisions\/\" title=\"BMO and Scotiabank in Canada report decreased income due to increased provisions.\">long-term rating deeper<\/a> into junk territory on Tuesday, leading the.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Cayman Islands Monetary Authority is considering legal action following the seizure of deposits held at Silicon Valley Bank&#8217;s branch by the US Federal Deposit Insurance Corp. The move has prompted the Cayman Islands minister of financial services and commerce, Andr\u00e9 Ebanks, to meet with some of the affected parties.<\/p>\n","protected":false},"author":66,"featured_media":1936994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[4625,5373,21778,5020,21488,12028,4431,10520,9510,8107,8109],"class_list":["post-1936993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-action","tag-bank","tag-cayman","tag-considers","tag-deposit","tag-islands","tag-legal","tag-regulator","tag-seizure","tag-silicon","tag-valley"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1936993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1936993"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1936993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1936994"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1936993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1936993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1936993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}