Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more. More from Fortune: After tense talks over the weekend, UBS Group AG agreed to buy Credit Suisse in an all-...
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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. ...
Lido Finance rides the wave of Ethereum’s upgrade, here’s how
Lido’s TVL has touched $10 billion ahead of the Shanghai Capella Upgrade on the Ethereum mainnet. LDO sees a drop in buying pressure. In anticipation of the Shanghai Capella Upgrade on Ethereum mainn...
US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks – Finance Bitcoin News
A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not...
Rivian Stock : RIVN Stock Price At 52 Week Low, Rebound Possible?
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Signature Bank Assets Sold to Subsidiary of New York Community Bancorp
Much of what was once Signature Bank of New York is under new ownership, the Federal Deposit Insurance Corporation said Sunday. The move comes just one week after the bank was shut down by regulators....
JPMorgan’s Michele Says Credit Suisse Deal Should Stem Selloff
(Bloomberg) — Bob Michele, the chief investment officer of fixed income at JP Morgan Asset Management, said he’s hopeful that UBS Group AG’s deal to buy its troubled Swiss rival Credit Suisse wi...
Tom Barrack Playing Key Role in Talks to Save First Republic
(Bloomberg) — Colony Capital founder Tom Barrack is taking a leading role in advising First Republic Bank on its options as the lender races to avoid a collapse after a $30 billion rescue last w...
Signature Bank Deposits Bought By New York Community Bancorp After Sudden Collapse
Topline New York Community Bancorp has acquired Signature Bank and assumed most of its deposits, the Federal Deposit Insurance Corporation announced Sunday evening, one week after crypto-friendly Sign...
Vietnam Leads Cryptocurrency Adoption With 16.6M Holders
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What are Mid Sized U.S. Banks Asking The Federal Regulators?
1 Mid-sized U.S. banks are asking the FDIC to insure deposits for two years, according to a report. 2 The financial system risks more bank runs without aid, as the group said, while deposits have been...
21Shares Halts Several Crypto Products Citing Decreased Interest (Report)
The Switzerland-based crypto ETP issuer – 21Shares – will reportedly terminate five of its funds and delist another one due to low interest from investors. Arielle Pennington – Head of Global Communi...
Ethereum Classic’s TVL recovers and here’s the key driving factor
Ethereum Classic sees a surge in TVL fueled by increased activity from one of its DEXes. ETC bulls make a comeback but market conditions will dictate its next move. Ethereum Classic (ETC) just conclud...
Flagstar Bank to take over most of Signature Bank’s deposits, FDIC says
Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., on Sunday agreed to assume most of Signature Bank’s deposits and some of its loans. New York-based Signature Bank was closed by regulat...
Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins
– Advertisement – Summary: Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT. The crypto exchange made the swap with cry...
UBS to buy Credit Suisse for $3.2 billion
UBS Group AG (NYSE: UBS) has agreed to acquire its struggling rival Credit Suisse Group AG (NYSE: CS) for $3.2 billion – a “commercial solution” aimed at helping the latter pull out of the ongoing tur...
DefiLlama Forks Into New Platform As Core Team Disputes Over Token Launch
DefiLlama is facing internal dispute as team members are facing what could be an impending token release. It’s a move that is apparently the behest of a lone co-founder, and to the dismay of most of t...
The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue
(Bloomberg) — UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers. Most Read...
Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
Holders of $17bn of Credit Suisse bonds will have their investment wiped out following the bank’s takeover by UBS, in a surprise move that is expected to cause ructions in European debt markets when t...
Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook
A crypto strategist who correctly called Bitcoin’s (BTC) 2022 price floor thinks the king crypto may be one resistance level away from a fresh all-time high. In a new strategy session, pseudonymous tr...
The Ukrainian Army Is Probing Russian Lines In The South—And Suffering Heavy Losses
Ex-Dutch YPR-765s in Ukrainian service. Wikimedia Commons It’s no secret the Ukrainian army plans to launch a major counteroffensive this spring, perhaps as soon as the post-winter mud dries up. We ma...
Solana Price Prediction: Will SOL Maintain Its Upward Streak?
Solana was currently at $21.84 with a decrease of 1.99% during the intraday trading session. The 24-hour low of SOL was $21.14 and the 24-hour high of SOL was $22.28. The current Solana token price is...
Xavi Denies FC Barcelona Are Champions-Elect After El Clasico Win, But Sees Team ‘Far Superior’ To Real Madrid
FC Barcelona manager Xavi Hernandez has denied that his team are champions in waiting after beating … [+] Real Madrid in El Clasico. Getty Images FC Barcelona manager Xavi Hernandez has denied t...
US Futures Climb, Dollar Slips as Sentiment Turns: Markets Wrap
(Bloomberg) — A frenetic weekend in finance was met with comparatively small but mostly positive moves in markets Monday, with U.S. equity futures rising and a dollar gauge weakening slightly. M...
FIL/USD continues to consolidate between $5.72 and $6.55 – Cryptopolitan
Filecoin price analysis has remained quite bullish today as we saw the price increasing from yesterday’s closing of $5.89 to the current closing price of $6.24. However, Filecoin is yet to retest loca...
US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’ – Economics Bitcoin News
U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Res...
After UBS buys Credit Suisse, here’s where investors may focus next
UBS’s shotgun deal for ailing Credit Suisse (CS) doesn’t guarantee market stability, warns one top strategist. “The outcome for equity-holders may also worry investors in other weak ...
Solana: Unique contracts deployment registers an increase, thanks to…
March has witnessed a spike in the number of unique contracts deployed on the Solana network. SOL price has begun recovery after an initial slump. The Solana outage, which occurred not too long ago, r...
Fed and Global Central Banks Move to Boost Dollar Funding
(Bloomberg) — The Federal Reserve and five other central banks announced coordinated action on Sunday to boost liquidity in US dollar swap arrangements, the latest effort by policymakers to ease...
First Republic Downgraded by S&P for the Second Time in a Week
(Bloomberg) — First Republic Bank was downgraded again Sunday by S&P Global Inc., days after the ratings firm cut the lender to junk. Most Read from Bloomberg S&P said it lowered First R...
How Scandal and Mistrust Ended Credit Suisse’s 166-Year History
(Bloomberg) — Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more. Most Read from Bloomberg After tense talks over the weekend, UBS Group AG agreed to bu...
Ethereum Supply Drops by 66k ETH in 2023; Enters Deflation Phase
The drop in supply may be attributable to the upcoming upgrade. The upgrade involves shifting from Proof of Work(PoW) consensus mechanism to Proof of Stake(PoS) mechanism, which will improve network s...