6 / 8 Relevant items tagged with #Banking

Posts

Yellen defends government intervention to avoid another SVB

[Mar 21, 2023 7:33 AM] The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders.

UK Crypto White List Needed to Solve 'Debanking,' Lobby Group Says

[Mar 21, 2023 5:43 AM] British banks have said they keep people away from crypto for their customers' own protection

EU Crypto Banking License Procedures Are Too Inconsistent, ECB Says

[Mar 21, 2023 5:30 AM] The eurozone supervisor is seeking to smooth out a process dominated by German and Luxembourgish banks.

Bank collapses are spurring interest in self-custody startups

[Mar 20, 2023 2:20 PM] The implosions of Signature Bank and Silicon Valley Bank are giving self-custody startups an opportunity to prosper.

Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K

[Mar 20, 2023 1:30 PM] Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum.

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

[Mar 20, 2023 11:30 AM] After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that…

Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem

[Mar 20, 2023 9:44 AM]

No Crypto Banking Port Has Really Opened Up in This U.S. Storm

[Mar 20, 2023 8:49 AM] The biggest U.S. banks have not stepped forward to welcome homeless crypto businesses scrambling for banking services after fleeing the wreckage of Silvergate Bank, Signature Bank and Silicon Valley Bank.

Rattled crypto industry could emerge stronger after USDC depeg

[Mar 20, 2023 7:41 AM] Did the depegging reveal stablecoins’ limitations, or was it a learning moment?

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

[Mar 20, 2023 5:30 AM] Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the…

Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase

[Mar 20, 2023 4:56 AM] More people now appreciate the fundamental value proposition of having an alternative to the traditional financial system, the report said.

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…

More 186 US banks well-positioned for collapse, SVB analysis reveals

[Mar 17, 2023 11:33 PM] Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability.

Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps

[Mar 17, 2023 4:30 PM] The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking…

Protego’s conditional national bank status expired without approval: Report

[Mar 17, 2023 4:17 PM] In a week when the crypto industry — and the rest of the world — was beset by bad news about banking, one more banking setback has come to light.

Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed

[Mar 17, 2023 12:59 PM] But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”

This Crisis Will Define the Future of Money

[Mar 17, 2023 12:11 PM] The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly…

Banking crisis: What does it mean for crypto?

[Mar 17, 2023 11:00 AM] Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…

Is Ether a Security?

[Mar 16, 2023 5:38 PM] Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things…

A Recap Of Last Week’s Banking Contagion And Bitcoin

[Mar 16, 2023 1:11 PM] So much has happened in the last week that it may be helpful to look at the totality of these events in relation to bitcoin. This is an opinion editorial by Dillon Healy, institutional partnerships at Bitcoin Magazine and Bitcoin 2023.The biggest…

The Banking Crisis Has Been Good for Stablecoin Experimentation

[Mar 16, 2023 11:33 AM]

Blame traditional finance for the collapse of Silicon Valley Bank

[Mar 15, 2023 5:27 PM] Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency.

‘AI can be defeated with cryptography,’ says Chelsea Manning at SXSW

[Mar 15, 2023 8:01 AM] Cointelegraph sat down with activist and cybersecurity expert Chelsea Manning to discuss how blockchain technology can combat challenges associated with artificial intelligence.

Signature Bank and former executives sued by shareholders for alleged fraud

[Mar 14, 2023 2:00 PM] Shareholders have accused the bank of falsely claiming to be “financially strong” just three days before it was seized by the state regulator.

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

[Mar 14, 2023 1:30 PM] The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would…

Silicon Valley Bank was the tip of a banking iceberg

[Mar 14, 2023 10:27 AM] Bank forecasting needs to become more than a “check-the-box” motion for regulatory compliance. It needs to be treated as a strategic decision-making tool.

Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live

[Mar 14, 2023 10:00 AM] On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe.

Marathon Digital: Deposits held at Signature Bank are secure and available

[Mar 13, 2023 4:38 PM] The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown of Signature Bank.

US banks experience volatility and trading halts amid bank failures and presidential assurances

[Mar 13, 2023 1:45 PM] Dozens of regional banks saw share price swings that triggered trading halts as banks of all sizes feel the impact of last week’s bank failures.