Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. ...
Tag: Bank
Investor who called Lehman collapse predicts the next big US bank failure
The Wall Street analyst and investor who called the 2008 Lehman Brothers’ collapse has revealed what bank he thinks will hit insolvency next amid Silicon Valley Bank (SVB) closure shockwaves. “T...
Elizabeth Warren knows exactly why Silicon Valley Bank failed—and who should pay
The waters are still far from calm after federal regulators seized over $300 billion in deposits and assets from Silicon Valley Bank, the tech and VC sectors’ lender of choice, in the second-biggest b...
Wall Street analysts make big calls on bank stocks in wake of SVB failure
Wall Street analysts are wasting no time trying to make some big calls on stocks that have been swept up into the discussion of the Silicon Valley Bank and Signature Bank meltdowns, even if it means f...
Signature Bank Shareholders Lose Everything As Regulator Shuts It Down — Just Days After Silicon Valley Bank Collapse
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators … [+] announced that the New York-based bank had failed and was being seized. At more than $110 b...
First Republic stock falls 62% amid fears of regional bank contagion
First Republic Bank (FRC) shares fell a record 62% on Monday to close at $31.21 each, despite measures by U.S. regulators to shore up confidence in the banking system following the collapse of Silicon...
The Big Scandal Behind Pro-Crypto Signature Bank Shutdown
Signature Bank, another major crypto-friendly institution, was shut down by regulators on Sunday. The New York financial institution, with a large lending business in the crypto industry, was caught i...
Bank Bailouts—What They Are And Why Some Experts Say Signature Bank And SVB Didn’t Get One
Topline Silicon Valley Bank and Signature Bank collapsed over the weekend in an uncanny echo of the 2008 financial crisis, and though many experts note the Treasury Department’s plan to save dep...
Regulators may still try to find a buyer for Silicon Valley Bank, source says
Customers wait in line outside of a Silicon Valley Bank branch in Wellesley, Massachusetts, US, on Monday, March 13, 2023. Sophie Park | Bloomberg | Getty Images Regulators could make a second attemp...
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits – Bitcoin News
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statemen...
Bitcoin soars as Silicon Valley Bank depositors get a regulatory lifeline
BTC’s price jumps by almost 10% in the last 24 hours. This is due to the decision by U.S. regulators to protect all customer deposits at failed Silicon Valley Bank (SIVB). Following the decision by th...
Was Signature Bank Intentionally Shut Down To Kill Crypto’s Last Major Banking Hope?
According to reports, customers of Signature Bank withdrew more than $10 billion in deposits on Friday after being alarmed by the sudden failure of Silicon Valley Bank. As a result, the run on deposit...
SVB Shareholder Files First Lawsuit Against Bank Executives Over Historic Collapse
Topline A Silicon Valley Bank shareholder filed a lawsuit Monday against the financial firm just days after it collapsed in the biggest bank failure since 2008, marking the first of what will likely b...
Ripple Reassures Investors Over Its Financial Strength Despite Having Exposure To Silicon Valley Bank ⋆ ZyCrypto
Advertisement     Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the...
US banks experience volatility and trading halts amid bank failures and presidential assurances
Banks saw their share prices take a rollercoaster ride over the weekend and into March 13. Trading was temporarily halted for dozens of United States regional banks amid volatility and falling prices....
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposur...
Crypto not responsible for bank problems says Blockchain Association
The Blockchain Association chief policy officer, Jake Chervinsky, said that the rise in adoption of crypto in the U.S. has no impact on the recent high-profile collapses in Wall Street and that just l...
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole ...
Signature Bank closure highlights benefits of holding Bitcoin, says Marathon Digital
Ad Bitcoin (BTC) miner Marathon Digital said its funds held at Signature Bank are safe and available for use despite the closure of the bank. In a March 13 statement, the BTC said $142 million in cas...
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
On March 12, New York regulators and the United States Federal Deposit Insurance Corporation shut down Signature Bank, a crypto-friendly bank that had reportedly become a systemic risk to the US econo...
Trouble Grows For Silicon Valley Bank As Shareholders File Lawsuit
In the midst of the ongoing crisis, recent reports suggest that a number of shareholders have initiated legal action against the Silicon Valley Bank, its parent corporation and several of the bank’s m...
Signature Bank Closure, Strike Three For Crypto Banking Industry
Another setback for digital assets, as a lender Signature Bank was closed by US regulators to circumvent the banking crisis. The United States Treasury Department said on Sunday, March 12, 2023, that ...
US regulators shut down Signature Bank despite ‘no insolvency’: Report
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force. ...
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 th...
Bank Stocks Implode, Bitcoin (BTC) and Ethereum (ETH) Soar As Fed Faces Rate Hike Decision
Crypto markets are flying as banks and traditional finance stocks get hammered by investors grappling with the collapse of several large banking institutions. As a new trading week begins, bank stocks...
Gemini says no funds at Signature Bank backing GUSD
Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by any deposits at the failed bank, according to a March 13 official tweet from the com...
What Happened To Signature Bank? The Latest Bank Failure Marks Third Largest In History
Topline Signature Bank, a New York-based regional bank that became a leader in cryptocurrency lending, shuttered suddenly on Sunday, marking the third-biggest bank failure in U.S. history just two day...
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC), its flagship stablecoin pegged to the US dollar....
BTC, ETH backtrack losses- Is crypto rout from U.S. bank collapses truly over
U.S. regulators offer a bailout to customers affected by SVB and Signature bank collapses. Will there be alternatives to these crypto-friendly banks and their payment systems to provide liquidity? Bit...
HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal
HSBC Holdings plc’s HSBC UK Bank has announced Silicon Valley Bank UK LTD acquisition. SVB Financial Group is in discussions for acquisition but excludes the commercial bank under US control. Kim Dotc...
Regulators shuttered Signature Bank to show ‘crypto is toxic’
Crypto panic sparked a deposit run on Signature Bank, former Rep. Barney Frank said, but he argues that the bank had already stabilized before New York state regulators stepped in to close the crypto-...
Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown
Okcoin, the U.S. affiliate of cryptocurrency exchange OKX, announced on March 13 that it had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Okcoin CEO Hong Fang stated that ...