A view of Silicon Valley Bank headquarters in Santa Clara, CA, after the federal government intervened upon the bankâs collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images SVB...
Tag: Clients
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...
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds – Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, Ma...
SVB Clients in Limbo After Seeking Refuge in Money-Market Funds
(Bloomberg) — In the hours leading up to Silicon Valley Bank’s collapse, a slew of startups tried to withdraw their cash. Those that couldn’t turned to a last-ditch option: parking it in third-p...
Silicon Valley Bank failed for one simple reason: its key startup clients lost faith.
Silicon Valley Bank SIVB, -60.41%, a 40-year-old bank at the heart of the valley’s ecosystem, was forced to shutter Friday after its core depositors — many of them startup companies — took out $42 bil...
Silicon Valley Bank CEO Reassuring Clients After 60% Slump
Silicon Valley Bank operating as SVB Financial Group is seeing the worst of its days with its share price plunging by 23.52% in the Pre-Market, following a massive slump of 60.41% on Thursday. Conside...
SVB Contagion Reaches Clients of Payroll Firm Rippling
In a major indicator of Silicon Valley Bank (SVB) contagion spreading, crypto clients of payroll processor Rippling could not pay their employees on Friday. Rippling — one of the top options for crypt...
SVB Financial CEO Asks Silicon Valley Bank Clients to ‘Stay Calm’ as Shares Sink
(Bloomberg) — Peter Thiel’s Founders Fund and a handful of other venture capital firms advised their portfolio companies to pull money from Silicon Valley Bank on Thursday, responding to panic a...
5 Common Mistakes High-Net-Worth Clients Make
SmartAsset: Common mistakes high-net-worth clients make When it comes to advising high-net-worth clients, financial advisors have a lot at stake. That’s especially true when it comes to helping ...
Coinbase Bets On Institutional Clients With One River Digital Acquisition
– Advertisement – Coinbase Global Inc. has purchased One River Digital Asset Management. One River is a digital asset management firm that caters to institutional clients. The crypto exch...
Crypto Firm LedgerX Tells Clients to Send Funds to Signature Bank, Not Silvergate
(Bloomberg) — Crypto derivatives platform LedgerX, one of the few solvent pieces of the bankrupt FTX empire, will no longer use embattled Silvergate Bank to receive domestic wire transfers begin...
Robinhood Clients Hold Over 33 Billion Dogecoin, About 100 Million Shiba Inu Burned In Last Week, TMS Network Introduces Most Profitable Passive Income Feature
Crypto investors no longer want to settle with only the profits made through tokens’ price appreciation. They are now looking for projects that promise many sources of income. Hence TMS Network (TMSN)...
Wells Fargo boosts digital connection with rich clients
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...
Japan’s FTX unit K.K. decides to return back its client’s money
The FTX unit in Japan, a subsidiary of the failed cryptocurrency exchange of Sam Bankman-Fried, announced its decision to resume withdrawals this week to make the 1st of the FTX group to return funds ...
33.5 Billion Dogecoin Held by Robinhood Clients After Recent DOGE Surge
Yuri Molchan Robinhood holds massive amount of DOGE for its customers Contents Large whales move 231 million DOGE Robinhood investors not selling DOGE According to data shared by @DogeWhaleAlert accou...
Interactive Brokers Launches Crypto Trading Services for Institutional Clients
On February 14, the global brokerage business Interactive Brokers, which has its headquarters in the United States, made the announcement that it will be launching its cryptocurrency trading services ...
Nexo will stop its Earn Interest Product for US clients in April
Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both ...
Kraken Agrees to Cease Staking Services for U.S. Clients
The United States Securities and Exchange Commission and the cryptocurrency exchange Kraken have come to an agreement that will result in Kraken no longer providing staking services or programs to cus...
‘Clients Are Absolutely Interested in Digital Assets’ – Featured Bitcoin News
Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets no...
Gotbit Introduces Gotbit Consulting To Assist Their Clients With Immersing Into Web 3.0
Gotbit, the industry’s leading market maker founded in 2017, announces the launch of Gotbit Consulting, a new department designed to help Web 2.0-centric companies move to Web 3.0. The newly founded G...
Wealthy clients pulled more than $100 billion from Credit Suisse in the fourth quarter
Beleaguered Swiss banking giant Credit Suisse on Thursday revealed that wealthy clients pulled 92.7 billion francs ($101 billion) out of the bank in the fourth quarter. Credit Suisse said two-thirds o...
‘I really need help.’ I have $580K in retirement savings, but can’t find a financial adviser because the ones I spoke to want clients to be richer than me. What should I do?
Have a question about your financial adviser or looking for a new one? Email [email protected]. Getty Images/iStockphoto Question: I’m in Maryland and could use a financial planner for my Roth IRA...
As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, b...
Chief Judge denies third motion by Celsius clients
In a court order issued today by the United States Bankruptcy Court in the Southern District of New York, a motion filed by a former Celsius Earn Account Holder was denied. Users attempt to retrieve ...
Companies Should Separate Clients’ Crypto Assets From Their Own: NYDFS
The New York State Department of Financial Services (NYDFS) urged firms to set apart customers’ cryptocurrency holdings from their own assets. The watchdog argued that co-mingling funds could trigger ...
Signature Bank reducing crypto exposure, Binance clients transferring less than $100,000 to be impacted
Binance, one of the world’s largest cryptocurrency exchanges, announced that the New York-based Signature Bank would handle transactions from its users only if it exceeds $100,000. This move comes as ...
Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients – Bitcoin News
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, i...
BlockFi said CEO cashed out nearly $10 million as FTX loan stabilized clients
Bankrupt crypto lender BlockFi said its CEO cashed out close to $10 million from the platform to pay taxes last year as FTX provided about $15 million in payments to certain insider accounts as part o...
NY Attorney General Sues Former Celsius Network CEO for Defrauding Clients
New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars. Who would have thought that t...
Crypto bank Silvergate sees two thirds of clients withdraw assets
Customers of US bank Silvergate, which provides cryptocurrency services, have withdrawn over $8bn (£6.7bn) of their crypto-linked deposits. Customers pull deposits Around two-thirds of the bank’...
Genesis Global Trading CEO Begs Clients For More Time
Join Our Telegram channel to stay up to date on breaking news coverage The interim CEO of troubled crypto lender and market maker Genesis, Derar Islim, has sent a letter to clients asking them for mor...