County Banks Financial News

12.05 / 07:03

regulation Bloomberg Federal Reserve ‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation

The CEO of JPMorgan Chase — which recently took over failed First Republic Bank — believes there could be more pain ahead for United States banks if the Federal Reserve goes into crisis mode with overregulation.

11.05 / 17:39

regulation Congress Silicon Valley GAO GAO cites exposure to digital assets in exploring collapse of Signature Bank

The United States Government Accountability Office, or GAO, has released its preliminary review of the failures of Silicon Valley Bank and Signature Bank — and included exposure to deposits from the cryptocurrency industry.

10.05 / 12:45

business FTX Bitcoin Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec

Singapore government-owned megabank DBS is among the few companies around the world that reaped major benefits from massive cryptocurrency collapses in 2022.

05.05 / 16:57

Artificial Intelligence FDIC Technical Analysis What's Next for Crypto Prices as US Regional Banks Take a Hit? – yPredict Tool Makes AI Price Predictions Easy

The US banking sector is in the midst of a crisis, and the government's efforts have been insufficient, and some would even say damaging.

04.05 / 04:49

business stocks Federal Reserve Press Release banking system US regional bank shares sink despite Fed calling banking system 'sound'

Share prices of several United States regional banks tanked in after-hours trading Wednesday, despite Federal Reserve Chairman Jerome Powell calling the banking sector “sound” and “resilient" just hours before.

03.05 / 09:55

Blockchain Provident BTC Target UBS Bitcoin Drop Future analysts Bitcoin Price Prediction: Analysts Foresee Significant Volatility in Near Future, with Potential Drop to $25,000

In this Bitcoin price prediction, we will delve into the perspectives of analysts who foresee significant volatility in the near future, with the potential for a drop to the $25,000 level. As the cryptocurrency market constantly evolves and fluctuates, understanding the factors that influence price movements becomes crucial for traders and investors.

01.05 / 08:31

regulation JPMorgan to acquire troubled First Republic Bank

The American banking giant JPMorgan Chase is set to acquire First Republic Bank’s (FRB) assets after early efforts to rescue it failed. JPMorgan and multiple other banks submitted a bid to acquire the assets of troubled FRB on April 29.

30.04 / 06:23

regulation Bloomberg Federal Reserve banking Silvergate NOT First Republic’s crisis is not an isolated incident - suggests JPMorgan exec

An exec at JPMorgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Bank (FHLB) emergency lending programs expire – warning that the possible collapse of First Republic Bank may cause a domino effect.

28.04 / 11:29

business Bitcoin open Hong Kong regulator requires banks to open accounts for crypto firms

The Hong Kong Monetary Authority (HKMA), the region’s central banking institution and regulator, has called on banks to provide services to cryptocurrency firms.

20.04 / 10:19

Lending Slowed, Economy Cooled After Bank Failures, Fed Report Shows

Consumers and businesses borrowed less as overall economic growth flattened in the weeks since two mid-March bank failures sparked financial turmoil, the Federal Reserve said in a report Wednesday.

12.04 / 09:01

Investments Altcoin Fraud banking Bitcoin Brooklyn court charges former banker for allegedly defrauding crypto investors

The federal court in Brooklyn, New York, charged a former investment banker and registered broker for allegedly defrauding numerous investors by promising profits on fake cryptocurrency investments and misappropriating the funds received to finance his lifestyle.

12.04 / 05:53

business regulation Silvergate Hong Kong virtual bank to offer crypto conversions and accounts: Report

ZA Bank, Hong Kong’s biggest virtual bank by assets is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.

11.04 / 17:17

regulation IMF IMF reiterates call for crypto regulation after the ecosystem's 'rough year'

The International Monetary Fund, or IMF, has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulation of digital assets.

11.04 / 16:09

COST Lowe's Banks in 'more precarious situation' creating risks for global growth, IMF chief economist warns

Interest rate rises have increased banks' vulnerabilities — and their response presents a significant risk to global growth, the International Monetary Fund's chief economist warned Tuesday.

06.04 / 09:21

Adoption Singapore Authorities to Set Best Practices for Crypto Client Vetting in Banks

Singapore officials are collaborating with local banks to develop uniform standards for evaluating customers in the digital asset sector in the aftermath of significant global disruptions in the industry.

06.04 / 09:15

business regulation Singapore to introduce uniform screening standards for crypto bank accounts

Singapore regulators are working with traditional banks to develop uniform standards for screening potential customers from the crypto industry. The collaboration has been ongoing for the last six months.

05.04 / 21:59

regulation NYDFS Signature Bank 'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head

Adrienne Harris, superintendent of the New York Department of Financial Services, or NYDFS, has reportedly said the closure of the crypto-friendly Signature Bank in March had nothing to do with exposure to digital assets.

02.04 / 20:09

business European Union UK banks are turning away crypto clients: Report

Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor client's transactions.

02.04 / 13:17

Government Law Stablecoin Adoption Tether Stress test? What Biden’s bank bailout means for stablecoins

The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part of its inflation-hit bond portfolio, led to a depegging event for major stablecoins in the crypto sector, leaving many to wonder whether it was a simple stress test or a sign of weakness in the system.

29.03 / 02:15

regulation economy Loans Signature Bank Signature’s crypto clients told to close their accounts by April 5: Report

Signature Bank’s cryptocurrency clients have been reportedly given until April 5 to take their funds out and find another bank, or have their accounts closed by the federal regulator.

27.03 / 09:35

Adoption Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms

China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.

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