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FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds

[Mar 13, 2023 8:30 AM] The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both…

Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound

[Mar 13, 2023 1:43 AM] Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).

UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

[Mar 2, 2023 3:55 PM] The banks join a growing list of financial institutions in the country tightening restrictions on digital assets.

HSBC needs someone to helm its tokenization efforts

[Feb 2, 2023 4:24 AM] According to a job posting, HSBC is looking for a candidate who knows of digital assets, especially asset tokenization and custody.

Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products

[Dec 26, 2022 7:00 PM] Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs)…

New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’

[Nov 19, 2022 4:30 PM] Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and…