Labelled the third-biggest ‘bank failure’ in history, Signature bank was actually solvent when taken over by regulators on Sunday. Did regulators seize their chance to cut off crypto banking? Crypto l...
Tag: Bank
Why More Trouble Is Coming Following SVB And Signature Bank Collapse
The sudden, sensational collapse of Silicon Valley Bank and then another big bank’s failing over the weekend have hit financial markets like an earthquake. These institutions made their particular mis...
Bitcoin surpasses $24k despite the recent bank collapses
Bitcoin (BTC) surged almost 10% in the recent 24 hours, crossing a critical threshold of $24,000. The move comes as the US president has addressed the bank system’s stability. The latest series of ban...
the crypto today and Silicon Valley Bank case
In this article we will go over how the crypto world reacted to the Silicon Valley Bank crisis, with an eye on today’s updates on the case. The US government intervened to prevent the collapse of Sili...
Should you buy or sell the dollar after the first collapse of a US bank in 15 years?
Turbulence once again grips financial markets ahead of the US inflation report and the Fed’s interest rate decision. News that the Federal Deposit Insurance Corporation (FDIC) moved to close Silicon V...
Fantom Rebounds 20% After Silicon Valley Bank News, Avorak AI Gains Investors 75%
The swathes of news on Silicon Valley Bank, among other banks that are facing liquidation, caused a flurry of selling on many crypto assets over the past week. This selling pressure many cryptocurrenc...
Silicon Valley Bank Sued by Shareholders Alleging Fraud
24 seconds ago | 2 mins read Bitcoin News Silicon Valley Bank has over $16 billion in unrealized losses as of the closing date. The complaint alleges mismanagement of circumstances that led to its dow...
HSBC Acquires Troubled Silicon Valley Bank (SVB) UK Subsidiary for £1, Shares Down Today
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis. In a stunning tu...
Bank Crisis and Collapses Lead to Spikes in DEX & CEX Tokens
Investors are flocking to crypto alternatives following the banking crisis, involving banks such as Silicon Valley Bank, Signature Bank, and Silvergate. The financial turmoil from the closure of sever...
Regional Bank ETFs Battered as SVB Fallout Spreads
Regional banking exchange-traded funds, often seen as safe investments as their holdings rely on mortgages and small business loans, are getting clobbered today as the closures of Silicon Valley Bank ...
Regional bank stock plunge creating key entry point for investors, top analyst says
The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. Marinac, who serves as Director of Research at Janney Montgomery Scott, believes...
These 2 big bank stocks have enough liquidity to more than cover severe funding outflows, says JPMorgan
In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around ...
Biggest Plunge in Bond Yields Since Volcker Era on Bank Fears
(Bloomberg) — The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the S...
Bank Deposits Over the FDIC Limit Are Risky. How to Protect Yourself.
Government regulators took the extraordinary step over the weekend of making whole uninsured depositors at two failed banks, but savers shouldn’t count on similar treatment if other banks fail in the ...
Bitcoin Soars By 8%; Polygon, Polkadot, Solana Leaps Over 3% Amid The U.S. Bank Crisis
Crypto Prices Today: The market is trading in green today as Bitcoin and other Altcoins are still seeing a jump today despite the collapse of three major U.S. banks last week. As of writing, Bitcoin p...
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England – Finance Bitcoin News
The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC, according to Chancellor of the Exchequer Jeremy Hunt. He stressed t...
Nikkei 225 index forecast as Japan bank stocks nosedive
The Nikkei 225 index (NI225) plunged to the lowest level since February 24th as concerns about the financial market continued. It crashed to a low of ¥27,075, which was ~5.50% below the highest level ...
NYDFS Taking Over Signature Bank as SVB Fails
The decision to take over Signature Bank was made to reduce depositor outflows and prevent further bank runs. The New York Department of Financial Services (NYDFS) has taken over the crypto-friendly b...
‘Signature’ Fall of Crypto Bank In-line With SVB and Silvergate
Signature Bank was among the top banking institutions known to serve crypto entities. Dramatically, it met a similar fate as its counterpart Silvergate Bank Silicon Valley Bank. Both the crypto-friend...
Signature Bank Shutdown Was Politically Motivated, Says Expert
One of the Dodd-Frank Act drafters, Barney Frank, said regulators shut Signature Bank down to send an anti-crypto message. In shocking revelations, Frank told CNBC that there was “no real objective re...
Is Bitcoin Safer Than a Bank Savings Account?
The recent failures of FTX, Silvergate, and now Silicon Valley Bank have sent shockwaves through the banking industry, causing even the most conservative of investors to question the safety of their m...
US Fed faces internal probe over Silicon Valley Bank failure
The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-collapsed financial institution. In a Mar. 13 announ...
First Republic Bank (FRC) Losses Over 60% in Shares as Investors Worry Over Financial Strength Following SVB’s Collapse
Shares of First Republic Bank (FRC) have been in the red for the past year, shedding more than 48% in the last twelve months. The shares of American foreign exchange company First Republic Bank (NYSE:...
FDIC to attempt another auction of Silicon Valley Bank: Report
Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank. According to a Mar. 13 report fr...
Crypto Firms Announce Funds Caught in Signature Bank Closure
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds. Several crypto firms, including Paxos, have disclosed their level ...
Yes Bank share price crossed key support level: Buy the dip?
Yes Bank (NSE: YESBANK) share price crashed to the lowest level since July 2022 in an important day for the company. It nosedived to a low of 14.45 INR and then pared back some of those losses to clos...
First Horizon Plunges 38% Below TD Bid in Regional Bank Nightmare
(Bloomberg) — First Horizon Corp. fell by the most since September 2008 as the crisis in regional banks cast doubt on whether Toronto-Dominion Bank will follow through with its planned $13.4 bil...
Bank of America Has Biggest Losses in Bond Portfolio Among Peers
Bank of America is sitting on the largest losses among the country’s biggest banks in a key portion of its bond portfolio. Bank of America (ticker: BAC), like other banks, invests in Treasury securiti...
Deposits held at Signature Bank are secure and available
Crypto mining firm Marathon Digital Holdings has assured investors that the firm’s cash deposits at Signature Bank are secure and available for use as of Mar. 13. In a statement following the cl...
Inflation data to arrive at critical moment for Fed policy after bank failures
In the wake of the failure of Silicon Valley Bank (SIVB), investors will be closely monitoring what earlier this month had been seen as the most important data point for the future of Federal Reserve ...
Federal Reserve will re-examine its own oversight of Silicon Valley Bank
Ad The Federal Reserve Board announced that it will lead a review of its own supervision of Silicon Valley Bank (SVB), according to a statement on March 13. Fed will look into its own regulation Vice ...