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Kyle Recker

As seen in: JD Supra
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Articles by Kyle Recker

Federal Reserve to Implement New ISO 20022 Funds Wiring System | JD Supra

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By Max Martinez, Kyle Recker
| JD Supra
July 8, 2025 To embed, copy and paste the code into your website or blog: Due to the Federal Reserve’s imminent shift to a new funds wiring system (known as ISO 20022), if you have upcoming plans to transfer any amount of funds via wire transfer, confirm with your bank and anyone else handling your funds that they are prepared for the shift to ISO 20022 and can accommodate your wire on the planned date of transfer.
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UPDATE: Impact of Recent Bank Failures on Borrowers, Landlords, and Other Stakeholders | JD Supra

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By Kyle Recker
| JD Supra
Additional developments relating to the Silicon Valley Bank and Signature Bank failures have occurred, and the situation continues to evolve. Upon the closure of Silicon Valley Bank the FDIC initially created the Deposit Insurance National Bank of Santa Clara, into which it immediately transferred all insured deposits. The FDIC has subsequently established Silicon Valley Bridge Bank, N.A. (SVBB), a temporary national bank that will continue operations as a full-service bank.
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Impact of Recent Bank Failures on Borrowers, Landlords, and Other Stakeholders | JD Supra

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By Kyle Recker
| JD Supra
By now, most will have heard the news that all deposits at Silicon Valley Bank have been made available to depositors.
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