Session Description
While the regional bank failures in March 2023 are behind us, fiduciaries engaged in corporate insolvency matters continue to encounter challenges in securing FDIC-insured deposits on behalf of their clients. As the U.S. economic landscape remains uncertain under a new presidential administration and the fragility of the commercial real estate market may put regional banks at risk, the challenges that these fiduciaries face are likely to persist. Whether as a U.S. bankruptcy trustee, receiver, an assignee, the fiduciary’s duty to conserve and protect the estate and assets of clients can be difficult in the current environment where fewer banks and financial institutions are providing surety bonds and FDIC insurance for large deposits. This session will provide an overview of these issues and how professionals can navigate them in their fiduciary roles.