Banking Financial News

21.03 / 16:45

business banking Silvergate Bankruptcy U.S. Yellen defends government intervention to avoid another SVB

Nearly two weeks after the collapse of three United States banks - Silicon Valley Bank (SVB), Silvergate and Signature- Treasury Secretary Janet Yellen said the federal government is ready to take action if needed.

21.03 / 09:13

regulation us government Banks Federal Reserve Insurance banking US exploring ways to guarantee the country's 18T of bank deposits: Report

U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen.

20.03 / 23:33

defi Banks Federal Reserve Central Bank banking collapses Bank collapses are spurring interest in self-custody startups

The collapses of Signature Bank and Silicon Valley Bank have left many people in disbelief, with skeptics questioning the stability of the traditional financial system.

20.03 / 16:53

business Banks banking Silicon Valley Bankruptcy Bitcoin Bitcoin Price Rattled crypto industry could emerge stronger after USDC depeg

USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong time.

20.03 / 16:25

business Law Banks banking Silicon Valley Bitcoin Silicon Valley Bank’s downfall has many causes, but crypto isn’t one

Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.

19.03 / 02:49

regulation Bloomberg Insurance banking Silvergate US midsize banks seek FDIC Insurance on 'all deposits' for 2 years: Report

The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next two years.

18.03 / 08:43

business Adoption Central Bank banking Silicon Valley Bankruptcy More 186 US banks well-positioned for collapse, SVB analysis reveals

The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank (SVB). Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are at potential risk of a run.

18.03 / 01:53

UPS MET Digital regulation banking National Protego’s conditional national bank status expired without approval: Report

Institutional cryptocurrency custodian Protego’s conditional national trust banking charter has expired without it receiving permanent approval, according to a report in Fortune on March 17. Protego failed to meet pre-conversion requirements, the magazine reported.

17.03 / 21:01

regulation Banks Federal Reserve Central Bank banking Financial Services How credible is the ‘Operation Chokepoint’ theory?

Global economic conditions are tightening; interest rates are in flux; and inflation has yet to be curbed. Considering the economic headwinds, the fact that Silvergate Bank, Silicon Valley Bank and other banks are breaking is not surprising.

17.03 / 20:13

business Blockchain regulation Banks Central Bank banking Bitcoin Banking crisis: What does it mean for crypto?

Last week’s rapid collapse of Silvergate, Silicon Vallley Bank and Signature Bank have highlighted the fragility of the traditional banking sector while depriving crypto of the main fiat on-ramp points in the U.S.

17.03 / 19:57

business Banks Federal Reserve Central Bank banking Credit Suisse Let First Republic and Credit Suisse burn

When crypto markets took a hit after the collapse of FTX and other crypto lenders last year, some crypto critics repeated the mantra, “Let crypto burn.” Now, it’s big banks that are faltering — including Credit Suisse and First Republic — after regional banks, including Signature Bank and Silicon Valley Bank, sparked a cascade. As a result, Moody’s has downgraded the entire banking sector.

17.03 / 15:19

business regulation banking SVB Silicon Valley Signature Bank US Bank collapse - was crypto being targeted?

Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services.

17.03 / 15:17

FIVE Coinone Platform Mobile banking South Korean Crypto Exchanges Set to Renew Banking Deals

South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.

17.03 / 15:17

Stablecoin MARKET banking USDC Silvergate tokenization Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know

At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%.

17.03 / 09:25

markets banking Bitcoin Bitcoin Price Bitcoin is beating Warren Buffett’s 'crypto bet' in 2023

In 2023, Bitcoin (BTC) and Cathie Wood's Coinbase (COIN) investment are finally outperforming Warren Buffett's popular "crypto bet" in Brazil's fintech giant Nubank (NU).

16.03 / 06:27

CBDC Payments regulation Banks Federal Reserve banking Reserve Federal Reserve confirms July launch for FedNow instant payment service

The United States Federal Reserve has confirmed a July launch date for its long-awaited instant payments system, seen by some as an alternative to central bank digital currencies (CBDCs) and stablecoins.

15.03 / 07:29

regulation SEC Bloomberg banking Signature Bank Signature Bank investigated for money laundering prior to demise: Report

The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.

14.03 / 23:25

markets business Blockchain Fraud Banks banking Signature Bank and former executives sued by shareholders for alleged fraud

On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial officer, Stephen Wyremski, and chief operating officer, Eric Howell, for allegedly committing fraud Reuters reported.

14.03 / 19:39

markets business Banks Central Bank banking Silicon Valley Silicon Valley Bank was the tip of a banking iceberg

Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store at a given point in time — a concept known as fractional banking. On one hand, the difference between the interest on the loans and the interest paid to depositors is referred to as the net interest margin and determines a bank’s profitability. On the other hand, the difference between the assets and liabilities is referred to as their equity and determines the bank’s resilience to external shocks.

14.03 / 19:09

regulation Central Bank banking Market Update Bitcoin Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg.

14.03 / 18:23

business Banks banking SVB Silvergate Signature Bank SVB and Silvergate are out, but major banks are still backing crypto firms

Over the last week, the collapse of three of the largest banks backing the crypto scene — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — has many industry pundits wondering how United States-based crypto companies will fare after such losses.

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