After the failure of two major banks and the related economic fallout, everything to do with the crypto world has appreciated, including the Coinbase stock Coinbase’s stock is benefiting from the bank...
Tag: Banks
Credit Suisse Stock Craters To All-Time Low, Europe Banks Retreat, Weakness Spills To U.S.
Credit Suisse (CS) unraveled early Wednesday, with CS stock falling nearly 28% premarket after its largest backer said it would not provide the Swiss bank with more financial assistance. European stoc...
Banks Report: 10 Banks Are Most Exposed To Uninsured Deposits
High levels of uninsured deposits helped do in Silicon Valley Bank and Signature Bank. But it turns out they’re not alone. X Ten banks owned by U.S.-listed financial companies — including Bank o...
Credit Suisse stock falls 28% as European banks slammed
Credit Suisse (SWX:CSGN) is freefalling. PTSD for Europeans is flaring up, as a phrase they thought had been condemned to the annals fo history – “banking failure” – is suddenly again receiving airtim...
Credit Suisse Sinks, Fueling $60 Billion Rout in European Banks
(Bloomberg) — Credit Suisse Group AG shares plunged and credit default swaps were near a distressed level after its biggest shareholder ruled out any additional support. Most Read from Bloomberg...
Cardano Founder Charles Hoskinson Says Crypto Should Cut Ties With Banks
Cardano’s Founder – Charles Hoskinskon – believes the cryptocurrency industry should differentiate itself from the “unstable and volatile” banking sector. Three of America’s leading financial institut...
After US banks fail, contagion heads to European banks – smaller banks begin to fold
Quick Take Credit Suisse share price hits a record low — $2.19, a pre-market low of over 12%. The problem for Credit Suisse is that it cannot cover deposit flights and borrow money in the markets. Acc...
Moody’s negative outlook on China banks as country emerges from Covid-zero
Pictured here is Shanghai’s Lujiazui Financial District on June 7, 2022. Vcg | Visual China Group | Getty Images BEIJING — Ratings agency Moody’s said Wednesday it maintained a “nega...
DeFi TVL recovers after high-profile US banks crumpled
The total value locked (TVL) in decentralized finance (DeFi) protocols dropped to a two-month low after three banks in the US collapsed earlier this month. However, the TVL has been showing signs of r...
FED Wants Tougher Rules As Crypto Friendly US Banks Collapse
Crypto News: The recent collapse of major Crypto Friendly Banks has spiked the volatility in the global market. The intervention of the U.S. Financial Regulator helped the markets to recover while inv...
Anchorage Digital lays off 20% of staff as other crypto-friendly banks shutdown
Cryptocurrency bank Anchorage Digital will lay off approximately one-fifth of its staff, according to a report from Bloomberg on March 14. Anchorage lays off 20% of staff Bloomberg reported that, base...
Fed Mulling Stricter Rules And More Oversight For Midsize Banks After SVB Collapse, Report Says
Topline The Federal Reserve is considering a stricter set of rules to govern midsize banks which could see these entities face similar oversight as the largest banks in the country, the Wall Street Jo...
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...
First Republic, Regional Banks Won’t Benefit Much from Fed’s New Funding Program
The Federal Reserve’s Bank Term Funding Program, which came to the rescue of Silicon Valley Bank, will be of little help to regional lenders such as First Republic Bank (FRC) because their risks...
Cardano’s Charles Hoskinson Advocates for Ditching Banks Amid Ongoing Crisis
Alex Dovbnya Lead: Cardano’s founder Charles Hoskinson has taken to Twitter to urge the cryptocurrency industry to distance itself from unstable and volatile banks Cardano’s founder Charle...
SVB execs sold $84 million of the bank’s stock over the past 2 years
Silicon Valley Bank CEO Greg Becker sold nearly $30 million of stock over the past two years, raising new questions over insider stock sales. Becker sold $3.6 million worth of shares on Feb. 27, just ...
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks – Bitcoin News
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U...
Pandemic cash creation lifted markets, now small banks and crypto are in limbo
The views and opinions expressed here belong solely to the author. The COVID-19 pandemic caused governments and central banks to create a lot of new money, which had a significant impact on the bankin...
Former FTX exec Brett Harrison thinks banks will compete for crypto business
New banks will compete for business from crypto companies following the demise of Silvergate and Signature bank, former FTX.US president Brett Harrison said. “Previously those banks couldn...
Overnight collapse of two traditional banks triggers chaos
On March 11, the financial world was rocked by the sudden collapse of two major traditional banks, Silicon Valley Bank and Signature Bank. This triggered a series of events that impacted millions of b...
Tucker Carlson on why big banks are collapsing: ‘the American economy was distorted beyond recognition’
Back in 2008, financial institutions took “foolish risks and nearly blew up the entire US economy,” Fox News commentator Tucker Carlson said Monday during his ‘Tucker Carlson Tonight’ show. Executives...
Cryptocurrency Firms Deny Exposure to Troubled US Banks
In recent years, the cryptocurrency industry has seen significant growth, with new exchanges, wallets, and other services popping up almost daily. However, the industry has also faced numerous challen...
HSBC UK Acquires Silicon Valley Bank’s UK Branch for £1
The embattled Silicon Valley Bank has just come under new ownership, at least in the United Kingdom. Per a filing on March 13, 2023, HSBC UK Bank plc, a subsidiary of the behemoth bank, announced that...
SEC And DOJ Will Investigate Silicon Valley Bank’s Collapse, Report Says
Topline The Department of Justice and Securities and Exchange Commission will reportedly investigate the sudden failure of Silicon Valley Bank, which collapsed in dramatic fashion last week, the Wall ...
Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg. We kick things off with this week’s top ...
Signature Bank’s Signet Platform Still Works, but Some Clients Have Moved On
After Silvergate’s liquidation, SEN went down the drain with it, leaving Signature Bank’s Signet platform as one of the last places to perform 24/7 crypto banking. But Signature’s shutdown on Sunday s...
These banks could be next to go as crisis spreads
After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all collapsed within days of each other, and the Credit Suisse default insurance cost soared, fears are moun...
Stocks, regional banks rally as CPI comes in as expected
U.S. stocks rallied Tuesday morning, as crucial inflation data came in line with expectations. Regional bank stocks soared, clawing back some of their losses in the wake of the Silicon Valley Bank fal...
Elon Musk Backs Cathie Wood’s Bullish Crypto Comment Amid Banks Crisis
Elon Musk News: Cathie Wood, CEO of Ark Invest launched an attack on the US banking system targeting the recent collapse of multiple banks. However, she went on to praise the digital asset networks du...