Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee March 7, 2023 in Washington, DC. Win Mcnamee | Getty Images Markets have changed their mind — again — about what they ...
Tag: Bank
Positive Economic Data And Important News From Alibaba & Baidu As Markets Face European Bank Headwind
China Last Night KraneShares Key News Asian equity markets rebounded overnight, less so India, as Silicon Valley Bank (SVB) contagion fears receded. This morning, European markets and banks sold off s...
Signature Bank Reportedly Under Money Laundering Probe Before Closure
Signature Bank is facing scrutiny from the U.S. Department of Justice over potential shortcomings in its efforts to thwart money laundering, according to insiders familiar with the matter cited in a B...
Coinbase launches zero-fee local bank transfers in Singapore
Coinbase has rolled out free fiat deposits and withdrawals via local bank transfers for its Singaporean customers. Users can now transfer funds to and from their Coinbase accounts via Standard Charter...
Signature Bank laundered millions before its downfall – Cryptopolitan
The sudden closure of Signature Bank has sent shockwaves throughout the financial industry. It’s become apparent that US regulators were investigating the bank’s dealings with cryptocurrency clients b...
Dow opens down 500 points as Credit Suisse reignites bank woes
U.S. stocks opened sharply lower on Wednesday, wiping out all of the prior session’s gains and then some as a punishing selloff in shares of Credit Suisse CS reignited anxieties about the banking sect...
Credit Suisse Stock Hits New Low. Troubles at the Bank Spark New Fears.
Problems at Switzerland’s second-biggest lender are causing bank stocks around the world to falter. On Wednesday, Credit Suisse ‘s top shareholder said in a Bloomberg interview that it wouldn’t invest...
Signature Bank Faces Allegation of Money Laundering
U.S. regulators are reportedly investigating the crypto-friendly Signature Bank for money laundering. But is it the latest development in operation Choke Point? According to a Bloomberg report, U.S. r...
Bank Stocks Fall as Credit Suisse Raises Fresh Concerns About Europe
Bank shares were falling on Wednesday after starting to recover on Tuesday from the turmoil surrounding the collapse of Silicon Valley Bank, spurred by issues at Switzerland’s second-largest lender. C...
Credit Suisse Stock Plunges To Record Low As Bank Concerns Grow
Topline Trading in Credit Suisse shares was halted as they fell as much as 21% on Wednesday, compounding nearly a week of consecutive losses and hitting a new all-time low as the Swiss bank struggles ...
Dow Jones Futures Fall 500 Points As Credit Suisse Triggers European Bank Sell-Off
Dow Jones futures sold off early Wednesday, along with S&P 500 futures and Nasdaq futures, with Credit Suisse (CS) tumbling as its top shareholder ruled out investing more in the ailing Swiss bank...
Credit Suisse Default Swaps Are 18 Times UBS, 9 Times Deutsche Bank
(Bloomberg) — The cost of insuring the bonds of Credit Suisse Group AG against default in the near-term is approaching a rarely-seen level that typically signals serious investor concerns. Most ...
Dow futures dive over 400 points as Credit Suisse woes reignite bank sector angst, with retail sales data ahead
U.S. stock futures were sliding on Wednesday as fresh concerns over the health of Credit Suisse sparked renewed banking sector anxiety. That’s as investors awaited fresh retail sales data. How are sto...
Signature bank was under criminal investigation ahead of closure
The US prosecutors were looking into Signature Bank’s dealings with crypto clients when regulators abruptly shut down the institution on March 12. The regulators said that keeping the bank open would ...
Australia’s Treasury and Reserve Bank Held Consultations With Coinbase, Others
“The Australian Treasury’s token mapping exercise is one of the most detailed and thoughtful papers we have seen on the topic, and it sets a strong foundation for their forthcoming draft rules for cry...
Elon Musk: Current Bank Crisis Similar to 1929 Stock Market Crash
Elon Musk likens the current bank crisis to the 1929 events that led to the Great Depression. Musk supported Cathie Wood’s opinion that regulators are focused on the wrong targets. According to Wood, ...
Coinbase brings Singpass & free bank transfers in Singapore
Singapore is aiming to become the hub for the crypto and blockchain sphere. This is not a secret since the ambitions of the island country are out in the open. What seems to be working well for Singap...
Bitcoin and Other Cryptos Surge Amid Silicon Valley Bank Downfall
Coin Stories podcast host Natalie Brunell recently had a conversation on Fox Business regarding the stability of cryptocurrencies. Brunell spoke about the surge in cryptocurrency prices during a banki...
Credit Suisse chairman says Silicon Valley Bank crisis looks contained
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Arnd Wlegmann | Reuters The contagion effect from the recent collapse of Silicon Valley Bank i...
Signature Bank Was Under Criminal Investigation Before Its Collapse: Report
Crypto-friendly Signature Bank was under criminal investigation by U.S. authorities over its anti-money laundering practices before its sudden collapse over the weekend, Bloomberg reported Wednesday, ...
USDC records largest single burn amid bank collapse
Since the beginning of this week, Circle has burned a record $2.2 billion USDC. The redemptions exceeded $4 billion on March 14. The data suggests that many further USDC burns occurred throughout seve...
Crypto-friendly Signature Bank probed by U.S. DoJ before its collapse
The U.S. Justice Department reportedly probed Signature Bank before state regulators shut it down. The probe revolved around the bank’s anti-money laundering steps. Signature Bank, the crypto-friendly...
SVB mixup forces India’s SVC Bank to issue a notice of clarification
The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution. S...
Moody’s Downgrades Signature Bank to Junk while Putting More Banks Under Review
Moody’s also put the ratings of six other banks in the US under review. Ratings agency Moody’s has downgraded the debt ratings of recently collapsed Signature Bank (NASDAQ: SBNY) to junk amid the happ...
Coinbase Partners Standard Chartered For Free Bank Transfers in Singapore
Crypto exchange Coinbase has introduced free bank transfers and Singpass integration to make it easier for customers in Singapore to join the platform. The exchange has also upgraded its Help Centre a...
Central Bank Digital Currency Transactions to Reach $213 Billion Annually by 2030, Research Shows – Featured Bitcoin News
A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid d...
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty
Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its d...
Crypto Bank Closures to Impact Business in the US
The crypto industry may have weathered the storm, but the aftermath will be significant as they face a de-banking crisis and some uncertain next steps. So, to start with, three banks collapsed in less...
Robinhood Users Say The Trading App Won’t Cash In Their Profitable Bets Against Silicon Valley Bank
The last time Robinhood got into hot water with its users, CEO Vlad Tenev got hauled in front of Congress. Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP If you had “Robinhood contro...