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: Collapse
Nouriel Roubini says Credit Suisse collapse would be like a Lehman moment
Nouriel Roubini, the high-profile economist and chief economist of Roubini Macro Associated, said on Wednesday that a Credit Suisse failure would be like a “Lehman Brothers moment.” Roubini in an inte...
Dow Plunges 500 Points As BlackRock Chief Warns SVB Collapse Merely ‘First Domino To Drop’
Topline U.S. stocks plunged in early Wednesday trading as concerns about the health of the global banking industry continued to weigh on the market, with one high-profile Wall Street bigwig cautioning...
How CAMP CEO Ben Kaufman Turned SVB’s Collapse Into A Brand-Building Experience
Ben Kaufman doesn’t want you to forget the fear that he felt on March 10, 2023. That’s when the founder and CEO of CAMP, a national retail chain of “family experience” stores, was shocked to learn tha...
SVB collapse leads to big paydays for short-sellers
The shorts have cleaned up during the Silicon Valley Bank and Signature Bank mess. Short sellers – who aim to profit from a decline in a stock price — of regional banks are up a cool $3.53 billi...
Signature Bank Was Under Criminal Investigation Before Its Collapse: Report
Crypto-friendly Signature Bank was under criminal investigation by U.S. authorities over its anti-money laundering practices before its sudden collapse over the weekend, Bloomberg reported Wednesday, ...
USDC records largest single burn amid bank collapse
Since the beginning of this week, Circle has burned a record $2.2 billion USDC. The redemptions exceeded $4 billion on March 14. The data suggests that many further USDC burns occurred throughout seve...
Crypto-friendly Signature Bank probed by U.S. DoJ before its collapse
The U.S. Justice Department reportedly probed Signature Bank before state regulators shut it down. The probe revolved around the bank’s anti-money laundering steps. Signature Bank, the crypto-friendly...
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...
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...
Why Ray Dalio says SVB collapse is a ‘canary in the coal mine’
That’s the recently retired Ray Dalio, weighing in via his popular LinkedIn page to offer his thoughts on the collapse of Silicon Valley Bank, or SVB, and the regulatory response. SVB, whose client ba...
Citadel founder Ken Griffin: Fed’s intervention in SVB collapse shows U.S. capitalism is ‘breaking down before our eyes’
“The U.S. is supposed to be a capitalist economy, and that’s breaking down before our eyes. There’s been a loss of financial discipline with the government bailing out depositors in full.” That’s Ken ...
DOJ and SEC to probe SVB collapse and insider stock sales: Report
The United States Justice Department and the Securities Exchange Commission (SEC) have reportedly launched inquiries into the sudden collapse of Silicon Valley Bank (SVB) — which was shuttered by regu...
Charles Schwab feels heat after SVB collapse
Charles Schwab is battling to allay fears about interest rates and unrealised losses after the brokerage’s shares fell 40 per cent following the collapse of Silicon Valley Bank. Schwab, which is the l...
Shark Tank’s Kevin O’Leary blasts SVB’s ‘idiot management’ and ‘negligent directors’ over collapse
Shark Tank‘s Kevin O’Leary has made a career of calling out businesses on their weaknesses, and now bosses at the collapsed Silicon Valley Bank have, unsurprisingly, caught the self-procla...
Charles Schwab’s fortune battered by SVB collapse, with his wealth plunging more than any other American billionaire’s in 2023
Billionaire brokerage founder Charles Schwab has seen his personal fortune plummet in the aftermath of Silicon Valley Bank’s collapse over the weekend. According to the Bloomberg Billionaires Index, w...
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...
Warren Drafts Bill To Reverse Trump-Era Bank Deregulations After SVB Collapse, Report Says
Topline Democratic lawmakers, including Sen. Elizabeth Warren (Mass.) and Rep. Katie Porter (Calif.), unveiled legislation Tuesday to repeal a set of Trump-era policies that loosened regulations on sm...
SVB Collapse Meant Protecting ‘a Digital Dollar From the Banking System’: Circle CEO
In a recent interview, Circle’s CEO pointed out the irony of a traditional bank disrupting the wider crypto industry. “We are really trying to make sure that we’ve got the most solid infrastruct...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders – Bitcoin News
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hidi...
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...
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 ...
Silicon Valley Bank Collapse Is Flashback of Lehman Brothers?
2 hours ago | 2 mins read Bitcoin News Silicon Valley recalls the Lehman Brothers failure. USD Coin price stabilized at a $0.9997 peg. Silicon Valley Bank (SVB), which had connections to big-shot inte...
USDC Loss Of Peg Shakes Crypto Market During SVB Collapse
SPONSORED POST* The cryptocurrency market is no stranger to volatility, but the recent USDC (USD Coin) loss of peg has sent shockwaves through the industry. Many traders and crypto users are wondering...
Jane Street, Jump Trading And Alameda Face Probe By US DoJ Over Terra’s Collapse
– Advertisement – he U.S. Department of Justice has launched a probe into the collapse of Do Kwon’s TerraUSD. Authorities are reportedly looking at chats between Alameda Research, Jane St...
Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says
The ongoing crisis of banks in the United States has many positive implications for Bitcoin (BTC), according to an executive at the hardware wallet firm Trezor. On March 14, Bitcoin broke $26,000, a p...
Biden Hints Next Step of Action Post SVB & Signature Collapse
The FDIC took control of SVB’s assets and Signature Bank over the weekend. Prez. Biden lays down a further course of action, reinstating the public’s faith. His plan of actions includes action agains...
TerraUSD: Why The U.S. Justice Department Is Now Probing The Stablecoin’s Collapse
The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against the coin’s creator, Do Kwon, as reported by the Wall Stre...
U.S Justice Department Investigates TerraUSD Stablecoin Collapse
The US Justice Department is investigating last year’s collapse of TerraClassicUSD (USTD) stablecoin. The investigation raises the possibility of filing U.S. criminal charges against the South Korean ...
DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse – Bitcoin News
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnam...
3 Regional Bank Stocks to Buy After SVB’s Collapse
The failure of Silicon Valley Bank (SIVB) has sent shockwaves through the U.S. banking industry, particularly affecting smaller banks. The SPDR S&P Regional Banking ETF (KRE) has declined over 20%...