Banks Financial News

22.03 / 15:01

Government Adoption Banks Decentralization Decentralized Finance Bitcoin Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023

American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to give his keynote speech on, “The Decentralization of Everything" which he ended with a self-composed Bitcoin song.

22.03 / 05:57

business regulation Banks Federal Reserve Signature Bank 'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney

If the United States government really is implementing "Operation Choke Point 2.0" it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank (SVB) according to Donald Trump’s former Acting White House Chief of Staff, Mick Mulvaney.

21.03 / 14:09

regulation transactions Banks Bitcoin SVB contagion: Australia reportedly asks banks to report on crypto

Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse.

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.

21.03 / 00:03

business Payments coinbase Banks Signature Bank Support Coinbase pauses support for Signature Bank's Signet: Report

More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.

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 / 23:33

Binance European Union Banks Congress Court Silicon Valley In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.

A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court. The company is no longer affiliated with Silicon Valley Bank, which operates under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC) and is not included in the Chapter 11 filing. Meanwhile, the United Kingdom arm of the bank was acquired by HSBC for 1 British pound.

20.03 / 22:33

Dogecoin XRP Cardano Banks S&P 500 Bitcoin Dollar Price analysis 3/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

The takeover of the ailing Credit Suisse bank by UBS boosted European equity markets on March 20 but not everyone is happy with the deal. According to Swiss regulator FINMA, the value of additional tier one (AT1) bonds will be written to zero. This move will wipe out $17 billion worth of investments for AT1 bond investors.

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.

20.03 / 11:01

business Payments regulation Banks Loans Australian Australian Banking Association’s cost of living inquiry reveals bank pressure

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.

20.03 / 08:01

business regulation us government Banks Federal Reserve Press Release NOT FDIC sells Signature Bank deposits to Flagstar, crypto not included

Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal.

20.03 / 05:15

business Europe Banks Federal Reserve Central Bank Bank of England Bitcoin Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

20.03 / 00:23

Banks Bitcoin Bitcoin Price Bitcoin hits $28k as uncertainty surrounds banks

Bitcoin (BTC) price surged on March 19 to surpass the $28,000 zone, marking a 16% boost in value in the past 7-days, according to Cointelegraph's MarketPro data.

19.03 / 23:49

business Europe Banks UBS Credit Suisse acquires UBS Group doubles offer and acquires Credit Suisse for $2B

UBS Group doubled its initial offer and agreed to buy its competitor Credit Suisse for nearly $2 billion on March 19, in a historical deal for the two biggest banks in Switzerland, the Financial Times reported.

19.03 / 20:05

business Banks UBS Credit Suisse Rescue Credit Suisse rescue plan may include nationalization, bondholder losses

A rescue plan for Swiss banking giant Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG, multiple reports revealed on March 19.

18.03 / 11:11

Citi goldman sachs Banks Wells Fargo Bitcoin bitcoin market cap Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising.

18.03 / 01:53

regulation Banks Congress Silicon Valley Signature Bank hearing Congress announces March 29 hearing into failures of SVB and Signature Bank

Representatives from the Federal Deposit Insurance Corporation and Federal Reserve will be testifying before the United States House Financial Services Commission in a newly announced hearing investigating the collapse of two major banks.

17.03 / 23:53

Blockchain defi Hackers hacks Circle Banks DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

17.03 / 22:23

business coinbase Banks Coinbase is planning to set up crypto trading platform outside US: Report

Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered.

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.

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