In the wake of the largest bank failure since the Great Financial Crisis small banks are in a particularly special space. Small banks are needed now more than ever, but they must navigate the current ...
Tag: Banks
supported by inflows from regional banks
JP Morgan (NYSE: JPM) stock price crashed to a multi-month low of $127.92 last week as Silicon Valley Bank (SVB) collapsed. It then pared back some of those losses and closed at $133.65. The stock rem...
Crypto Receives a Reminder of the Relevance of Banks
The closure of Silicon Valley Bank last week has sparked a period of unprecedented bank turmoil last seen during the Global Financial Crisis (GFC) in 2008. While 2020 was a nightmare year for most, it...
We’re looking for stocks to buy after regulators saved SVB depositors
Phew, that was close. Too close. There was so much fear engendered by the events of the last 72 hours since Silicon Valley Bank collapsed that we’ll have investors who want to sell no matter wha...
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — n...
The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle USDC reserves are “safe and secure” and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. “We were heartened to see the U...
US Says All SVB Deposits Safe, Creates New Backstop for Banks
(Bloomberg) — US financial regulators moved on Sunday to protect depositors’ funds following the collapse of Silicon Valley Bank and set up a new financial backstop, seeking to stem fears that h...
First Republic Says Everything Is Fine. Why the Stock Market Is Worried.
First Republic Bank worked to reassure clients about the safety of its business Sunday evening after the collapse of Silicon Valley Bank last week sparked fears of contagion in the banking industry. “...
US Fed announces $25B in funding to backstop banks
Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms. The funds would ensure ...
US Plans Emergency Measures to Backstop Banks After SVB
(Bloomberg) — The Federal Reserve and the Treasury Department are preparing emergency measures to shore up banks and ensure they can meet potential demands by their customers to withdraw money, ...
Fed Discusses Easing Access to Discount Window to Help Banks
(Bloomberg) — The Federal Reserve is considering easing the terms of banks’ access to its discount window, giving firms a way to turn assets that have lost value into cash without the kind of losses t...
No Bailout for SVB. Here’s What to Expect.
The sudden collapse of Silicon Valley Bank last week segued into an anxious weekend for depositors, as start-ups and Wall Street fretted about the regulatory response to the largest bank failure since...
Signature, Silicon Valley Banks Depositors Will be Made Whole
The US Treasury Secretary, Janet Yellen, along with Federal Reserve Board Chair, Jerome Powell and FDIC Chairman, Martin Gruenberg, said Sunday they are taking action to protect the US economy by stre...
Regulators unveil plan to assure depositors will get money after SVB collapse
A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. Liu Guanguan | Getty Images Banking regulators devised a plan Sunday to shore up deposits at Silico...
The death of Fiat and the rise of digital banks – regards Musk and CZ – Cryptopolitan
Two American banks collapsed this month in rapid succession. One is a crypto-focused bank, while the other is a traditional bank. One bank required a bailout. One did not. You might be forgiven for th...
Bank of London bids to acquire Silicon Valley Bank’s UK arm
Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank’s subsidiary in the United Kingdom, according to a statement disclosed by Reuters on...
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging
Meanwhile, Binance is not alone in considering a move into traditional finance; Kraken has also stated its intention to open a bank. Read more: Kraken eyes own bank amid regulatory scrutiny The collap...
You have an elegant fix for the Silicon Valley Bank crisis
“CNBC Special: America’s Banking Crisis” airs Sunday at 7 p.m. ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank’s demise on the economy and...
Auction process is reportedly underway to find a buyer for Silicon Valley Bank
A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Federal regulators are conducting an auction for Si...
Banks increase risks to stablecoins
The recent depegging of Circle’s USD Coin (USDC) caused a stir in the cryptocurrency market, with Binance CEO Changpeng “CZ” Zhao pointing fingers at traditional banks for their role...
Can the chaos from Silicon Valley Bank’s fall be contained?
NEW YORK (AP) — Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? That was one of the growing questions in Washington Sunday as policy...
The 5 most pressing questions answered about Silicon Valley Bank’s collapse
Measured by sheer speed and violence, the stunning crash of Silicon Valley Bank has left even those who’ve lived through decades of ups and downs in the market floored. On Wednesday, SVB was a 4...
Here’s what could happen next for Silicon Valley Bank customers
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Silicon Valley Bank’s customers, alon...
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
I sure hope that anti-regulation politicians and SVB executives will step in and help all who will … [+] lose their jobs due to SVB’s gross mismanagement. AFP via Getty Images Anyone who d...
Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank
Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomb...
Silicon Valley Bank employees received bonuses hours before takeover
Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank employees received their annual bonuses Frida...
Something banks cant do, is clear on weekends, as Bitcoin transactions hit record numbers over weekend
Definition The total number of transactions waiting in the mempool in different size (vByte) cohorts. Quick Take The number of transactions in the mempool has surpassed three-year highs Transaction co...
The World’s Central Banks Are No Match for the Global Economy
Writing in his newsletter last week, the great George Gilder quipped that the world’s central bankers are apparently “demoralized over their inability to drive the world into recession.” Gilder was re...
Could DeFi End Retail Banks? The Rise of Decentralized Finance
DeFi and Bitcoin have disrupted the financial world, raising questions about the future of traditional retail banks. DeFi offers decentralized financial services outside of traditional banking. While ...
Fed must intervene after Silicon Valley Bank’s crash
Anthony Scamarucci, the founder of SkyBridge Capital, wants the United States Federal Reserve (Fed) to intervene in the aftermath of the Silicon Valley Bank’s (SVB) collapse. Anthony wants the Federal...
Two Major Banks Shut Shop $BTC
The loss of these two major banks has hit the crypto space especially hard. Let’s see how this development affected the market and check out some newsworthy crypto moments from this week. DeFi Popula...