Over the last week, the collapse of three of the largest banks backing the crypto scene — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — has many industry pundits wondering how United...
Tag: Banks
Crypto startups seek new banks as Silvergate, SVB and Signature close their doors
Mercury, Brex and Customers Bank are just some of the names being batted around to crypto founders who are now left scrambling to find alternate banking services following the collapse of Silvergate, ...
These 3 banks now offer 5% on checking and savings accounts
The difference between a savings account at a traditional bank and the rates available at an online bank are significant. Getty Images/iStockphoto It’s been over a decade since savings rates have been...
US Banks, Crypto Market Rally As CPI Data Comes In At 6%
After liquidity injections by the U.S. Federal Reserve and big banks like JPMorgan, bank shares are rebounding on Tuesday. After the U.S. CPI data for February comes in as expected by the market at 6%...
BTC Nearing $25,000 as Banks Face Exodus of Deposits – Market Updates Bitcoin News
Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and ...
IMF Warns G20 Crypto Could Impact Banks
The IMF warned the G20 nations that the widespread use of crypto assets could impact banks significantly. The International Monetary Fund (IMF) warned the Group of 20 (G20) nations that the widespread...
First Republic shares jump as regional banks try to rebound from Monday’s selloff
A First Republic Bank branch in New York, US, on Friday, March 10, 2023. Jeenah Moon | Bloomberg | Getty Images Shares of First Republic were up sharply in early Tuesday trading as concern over the st...
Is it safe to buy the dip in regional banks now?
The SPDR S&P Regional Banking ETF (KRE) stock has been a toxic wasteland in the past few days. It has crashed by more than 22% in the past five days and is now sitting at the lowest level since No...
Top Expert Says Bitcoin Price Rally Will Continue Despite U.S. Banks Failing
Bitcoin’s price action has been a topic of concern for traders and investors worldwide. Expert Michael van de Poppe recently shared his technical analysis of the cryptocurrency, highlighting its poten...
Biden urges US citizens to trust banks amid ongoing collapse
Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move th...
Crypto Industry To Face More Enforcement Amid Banks Crisis
Crypto News: U.S. Securities and Exchange Commission (SEC) has been after the digital asset industry alleging a lack of fundamental disclosures. However, it is expected the commission’s scrutiny of th...
Asia-Pacific’s benchmark index erases all of its gains for 2023
Allan Baxter | Photolibrary | Getty Images Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday. The MSCI Asia Pacific index hit...
Some banks are still willing to play ball with crypto: CoinDesk
The high-profile failures of Silicon Valley Bank, Silvergate and Signature Bank have left something of a void for crypto firms needing banking partners — but certain banks remain open for business. &#...
Moody’s Puts First Republic, Five US Banks on Downgrade Watch
(Bloomberg) — Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms follo...
SVB collapse unlikely to hit fundraising for Southeast Asia startups: VCs
SANTA CLARA, CA, US – MARCH 13: People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s colla...
Bitcoin jumps above US$24,000, leading crypto gains as U.S. acts to backstop banks
Bitcoin continued to gain momentum in Tuesday morning trading in Asia after a bounce back yesterday as regulators acted to backstop the U.S. banking industry following failures at California-based len...
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...
Here are all the banks getting crushed right now—and what to do if your money is there
If there’s one thing that history has taught us about bank runs, it’s that panic begets panic when one financial institution falls. As anxiety spread through and beyond the Bay Area last week after th...
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 ...
Investors of Affected Banks Won’t Receive Bailout, says President Biden
Following the collapse of Silicon Valley Bank, US President Joe Biden assured Americans on Monday that their banking system is secure and voiced his desire for stricter regulations to avoid such disa...
Bitcoin Takes The Lead As Banks Fail to Deliver on Investors’ Trust
The world’s largest cryptocurrency was solely designed with the purpose that when traditional financial institutions fail to serve global citizens, Bitcoin will work as a hedge. Rising up to the occas...
Evercore warns SVB fallout will force new market low
Evercore ISI is comparing the bank stress to another critical time on Wall Street: The year of the savings and loan crisis and epic crash. “To think you would see financial stress of this kind d...
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...
This DeFi Protocol Just Got Hacked. Its Token Is Still Doing Better than a Major US Bank’s
FRC and EUL’s price actions underscores how investors’ perceptions of market events can be more influential than the actual events themselves. First Republic has not defaulted, gone insolvent or...
Bitcoin Price EXPLODES as US Banks risks liquidity crunch…BTC 30K?
The Bitcoin price has risen above the $24,000 mark again. After the heavy losses and the drop below $20,000, the cryptocurrency recovered in record time from the bank shock of the past few days. Since...
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...
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...
Who Will Fill the Void Created By Three Collapsed Banks Now?
Eminent crypto community members believe that other banks will fill the space created by the US-based bank firms. Signature Bank was closed by the New York regulators on Sunday. Last week, social medi...
How ‘duration risk’ came back to bite SVB and led to rapid collapse
Following the fall of Silicon Valley Bank, a lot of terms are being thrown around on CNBC and elsewhere in discussions about what went wrong. One key term is “duration risk” along the yiel...