Ad Nic Carter voiced his suspicions that the recent U.S. banking crisis was a ruse to accelerate Central Bank Digital Currency (CBDC) adoption. The General Partner at Castle Island Ventures said the w...
Tag: Banking
Here’s How Ripple Execs Assess The US Banking System Crisis
Several Ripple executives have spoken out about the banking crisis in the United States. The company itself has been affected by the collapse of Silicon Valley Bank (SVB). As Ripple CEO Brad Garlingho...
Credit Suisse publishes delayed 2022 report after SEC talks end
Credit Suisse Group AG on Tuesday published its annual report for last year, and confirmed previous years’ financial results, after a delay amid discussions requested by the U.S. Securities and Exchan...
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 ...
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System – Economics Bitcoin News
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal...
U.S. Crypto Firms Explore European Banking Partners Amid Financial Crisis
The recent banking crisis in the U.S., which resulted in losing three crypto-friendly banks, Silvergate Capital, Silicon Valley Bank, and Signature Bank, has raised concerns among U.S.-based firms. A...
Fed rate expectations flip as US inflation data may take backseat to banking tumult
Crypto prices soared throughout the day as the turmoil in U.S. regional banking continued and interest rate hike expectations were recalibrated. The target rate probability of no increase next ...
Banking Crisis Won’t Leave Crypto Industry Unbanked Despite Short-Term Pain
Regardless of the final outcome, every bear cycle in crypto has experienced such conundrums, and came out stronger, Xu said. “Having been in this industry for as long as I have, this news doesn’t surp...
Banking Crisis Escalates Ahead Of CPI Inflation Report; Schwab In Focus
Dow Jones futures were higher ahead of Tuesday’s open, as the banking crisis continues to escalate, with two large bank failures in recent days — SVB Financial (SIVB) and Signature Bank (SBNY). ...
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...
Regional banks are seeing flight of deposits to too-big-to-fail megabanks
The unexpected demise of Signature Bank over the weekend, on the heels of the failure of Silicon Valley Bank, ignited a shoot-first-and-ask-questions-later reaction among regional-bank investors as cu...
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...
Nouriel Roubini Gloats Over Crypto Banking Crisis
Alex Dovbnya Turkish-American economist Nouriel Roubini celebrated collapse of these crypto-related banks in recent tweet Turkish-American economist Nouriel Roubini has gloated over the collapse of se...
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 ...
Brain Armstrong Might Add banking Features To Coinbase, Details
The collapse of three top US crypto-friendly banks have stirred reactions in the crypto community as some top players like Coinbase consider adding banking feature to their services. One of the banks ...
U.S. Banking Crisis Sparks Boom In Bitcoin Price & Crypto Stocks
On Monday, the value of major cryptocurrencies increased in the wake of plans shared by the United States government to protect depositors at Silicon Valley Bank and Signature Bank. Bitcoin’s price cl...
Bitcoin Miner Stocks Surge Amidst Banking Meltdown
The extent of the mining sector’s exposure to crypto-friendly Signature Bank is unclear. Marathon Digital Holdings (MARA) on Monday said it still had access to $142 million in deposits the now s...
Trading of Several Banking Stocks Halted Due to Extreme Volatility
Bitcoin News The news follows today’s comments by President Joe Biden regarding closure of SVB. The crypto market on the other hand rallied. With the weekend’s news of the closure of a Silicon Valley ...
Face-Ripping Bitcoin and Crypto Rally Incoming Amid US Banking Crisis, Says BitMEX Founder Arthur Hayes
BitMEX co-founder Arthur Hayes says he’s preparing for a massive Bitcoin and crypto rally as the Biden Administration fights to contain contagion from spreading through the American banking system. In...
Circle Boasts New Banking Partner To Calm Markets After USDC Depeg
After losing its dollar peg over a tumultuous weekend for crypto, USDC issuer Circle says its reserves are safe and sound, and it’s moving on to a new banking partner: Cross River Bank. After a ...
Bitcoin hurtles back above $23,000 as crypto prices buoyed amid US banking woes
Cryptocurrency prices have soared over the past day as U.S. President Joe Biden sought to reassure Americans that the country’s banking system was safe in the wake of the collapses of Silicon Va...
Stocks of multiple banks get halted for volatility, more than once, to start the trading day
To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%, investors can check out the N...
FED Is Unlikely To Hike Interest Rates In March Amidst Banking Stress And Chaos: Goldman Sachs
The current state of the cryptocurrency market seems to be very unstable. With banks collapsing, stablecoin de-pegging, and the Fed raising interest rates, there is turmoil everywhere. The year began ...
Biden reassures Americans that banking system is safe in wake of collapses
Policy • March 13, 2023, 9:40AM EDT U.S. President Joe Biden assured American citizens that the banking system is safe following the collapses of Signature Bank and Silicon Valley Bank. “Americ...
Charles Schwab moves to reassure investors it has plenty of liquidity and business is performing ‘exceptionally well’
Charles Schwab Corp. SCHW, -19.08% moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over unrealized losses. Chief Fin...
Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse
Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...
TUSD’s supply crosses $2B amid banking woes for stablecoin rivals
Ad TrueUSD’s (TUSD) circulating supply has more than doubled in the last two weeks, reaching over 2 billion tokens on March 13. TUSD’s total supply is 2.073 billion as of press time, according to Cryp...
ARK Invest’s Cathie Wood Says Bitcoin and Ethereum Have Not Skipped a Beat Amid US Banking Crisis
ARK Invest CEO Cathie Wood says that Bitcoin (BTC) and Ethereum (ETH) have continued to chug along even amid the crises faced in the legacy markets. In a new episode of In the Know, Wood says the Bit...
Banking Crisis Looms: Is Crypto The Future Of Secure Investing?
The collapse of two of the top United States banks, Silicon Valley Bank and Signature Bank, has been considered the most bullish thesis for Bitcoin and other leading digital assets. Moreover, the top ...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...