Credit Suisse Group’s largest shareholder, Saudi National Bank (SNB), has announced that it will not purchase additional shares in the Swiss bank on regulatory grounds. SNB Chairman Ammar Al Khudairy ...
Tag: fallout
Regional Bank ETFs Battered as SVB Fallout Spreads
Regional banking exchange-traded funds, often seen as safe investments as their holdings rely on mortgages and small business loans, are getting clobbered today as the closures of Silicon Valley Bank ...
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...
Cryptocurrency Community Debates Fallout from Closure of Major American Banks
The closure of three major American banks that serve cryptocurrency firms has sent shockwaves through the broader cryptocurrency community. Silicon Valley Bank (SVB), which has traditionally served st...
Stocks rise, bond yields, bank stocks fall on SVB fallout
U.S. stock futures fell Monday morning ahead of the opening bell after federal banking regulators took aggressive actions over the failure of Silicon Valley Bank. Futures tied to the S&P 500 (^GSP...
HSBC Rescues SVB’s U.K. Arm As Bank Collapse Fallout Spreads Beyond U.S.
Topline HSBC on Monday announced it was acquiring the U.K. arm of failed Silicon Valley Bank (SVB), throwing a much needed lifeline to the country’s tech and life sciences sectors and ending a frenzie...
Here Are the Biggest Asian Companies Caught in SVB’s Fallout
(Bloomberg) — Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were ...
Robert Kiyosaki Warns of Another Bank Crashing Amid Recent Fallout
Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997. In February, he predicted that Bitcoin will be worth $500,000 by the year 2025. Robert Kiyosaki, author of Rich Dad Poor Dad, s...
Can the UK save its startups as SVB fallout spreads around the world
BOE places the UK arm of the troubled Silicon Valley Bank under insolvency. The heads of 130 technology companies in the UK believe lender’s bankruptcy represents an existential threat to the UK tech ...
From Shanghai to Mumbai, Tech Chiefs Race to Contain SVB Fallout
(Bloomberg) — Asia’s tech leaders, half a world away from the chaos that’s engulfed Silicon Valley, are scrambling to assess the potential ramifications for an industry that’s always relied heav...
These top exchanges say they’re unaffected by Silvergate’s fallout |
Leading cryptocurrency exchanges have moved to reassure their clients that they have not been affected by the collapse of Silvergate Capital, which recently announced that it was closing the bank and ...
Consumer confidence in crypto remains high despite fallout from FTX
Ad A new study by the blockchain infrastructure company Paxos shows that crypto owners see cryptocurrency as an investment and desire mainstream financial service providers to offer products and servi...
Adidas Slashes Dividend Amid Fallout From Kanye West Breakup
Topline German sportswear giant Adidas unveiled plans to slash its dividend on Wednesday, reiterating warnings the company could face its first annual loss in decades following the costly decision to ...
Global Investors Contemplate Fallout From US Rates Reaching 6%
(Bloomberg) — A possible peak of 6% for US interest rates is rippling through markets, as more investors start to weigh the knock-on effect of such a scenario on stocks, bonds and currencies. Mo...
White House watching Silvergate in crypto fallout
The Biden Administration is eyeing Silvergate Capital after the La Jolla, California-based crypto bank issued a going concern warning and announced the shuttering of its exchange network last week. In...
White House Attention Gets Drawn to Silvergate’s Crypto Fallout ⋆ ZyCrypto
Advertisement     The fallout of crypto-focused bank Silvergate has jolted the crypto sector in the past few days, drawing the attention of US regulators and now the W...
BYD’s $18 Billion Rout Shows Fallout of Tesla Price War in China
(Bloomberg) — A price war among electric vehicle makers in China is taking a toll on even the most resilient players, as evidenced by BYD Co.’s staggering $18 billion drop in the past month. Mos...
Fallout As FIFA Appoints Supermodel Adriana Lima As ‘Fan Ambassador’ Of Women’s World Cup
Topline Soccer’s governing body, FIFA, has been criticized for appointing supermodel Adriana Lima as the “global fan ambassador” for this year’s Women’s World Cup, the latest controversy surrounding t...
VISA & Mastercard Rethink Crypto Plans After Market Fallout
During the run up in crypto assets, traditional financial institutions like VISA and Mastercard scrambled to get in on the trend and announced new initiatives that involved Bitcoin, Ethereum, or other...
Gary Gensler on FTX Fallout and Deceptive Crypto Market
The question of what constitutes security according to US securities laws remains a very volatile issue in the crypto ecosystem today. When the FTX Derivatives Exchange imploded by filing for bankrupt...
Sam Bankman-Fried Slapped With 4 New Criminal Charges After FTX Fallout
Disgraced FTX founder Sam Bankman-Fried (SBF) is under yet another layer of legal pressure after a judge unsealed a superseding 12-count indictment against him on Thursday. The filing adds 4 new char...
CoinShares’ Sees Income Drop by 97% in Fallout from FTX
CoinShares, Europe’s biggest digital asset trading and investment group, has blamed FTX for a collapse in its income. The group published in fourth quarter report on Tuesday which revealed that the fu...
$200,000,000 Crypto Hedge Fund Shutting Down Due to Fallout From FTX Collapse: Report
Crypto hedge fund Galois Capital is reportedly shutting down and refunding money to investors after being caught in the high-profile implosion of FTX. According to the Financial Times, Galois Capital ...
What BUSD’s fallout means for Binance Coin’s [BNB] future
BNB price fell, its trading volume hit monthly high, whales dumped BUSD after regulator’s 13 February decision. Traders short BNB as NFDFS shared reason for earlier resolution. Binance Coin [BNB], the...
The Chinese Spy Balloon Is Down. Now The Fallout Begins.
US Secretary of State Antony Blinken speaks following a Memorandum of Understanding signing ceremony … [+] with South Korean Foreign Minister Park Jin in the Benjamin Franklin Room of the State ...
Alameda Research Files $446M Loan Repayment Lawsuit against Voyager Digital in Ongoing FTX Fallout
Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans. Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt ...
Winners And Grades With Royal Rumble Fallout
Cody Rhodes won the 2023 Royal Rumble match, and is set to return to Raw. Credit: WWE.com WWE Raw advertised the Raw return of Cody Rhodes, who won the 2023 WWE Royal Rumble, in addition to women’s Ro...
Circle Criticizes SEC Over Approval Leading to Fallout of SPAC Deal
13 hours ago | 2 mins read Altcoin News Rather than the market slump or uncertain investors, Circle now blames the SEC. Aside from FTX, the SEC has been cautious about the whole cryptocurrency sector....
CFTC’s Johnson makes a call to action following FTX fallout
Commodity Futures Trading Commission Commissioner Kristin Johnson is advocating for the agency to introduce new cryptocurrency rules while also calling on Congress to enhance the agency’s authority. ...
Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout
Australian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in the now-bankrupt FTX crypto exchange. On Jan...