The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better plac...
Tag: Lenders
US mortgage lenders are starting to go bankrupt — how this one factor could be triggering the worst surge of failures since 2008
US mortgage lenders are starting to go bankrupt — how this one factor could be triggering the worst surge of failures since 2008 The real estate market just can’t catch a break, with inventory of resa...
SEC Chair Gary Gensler Singles Out Crypto Lenders, Says Platforms Do Not Comply With Regulations
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), thinks crypto lending platforms are not complying with the country’s financial regulations. Gensler says in a new edito...
Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets – Bitcoin News
Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wa...
How Crypto Lenders Can Improve Sustainability
We’re in the midst of an intriguing cryptocurrency bear market, to say the least. The past several months provided high-profile collapses such as algorithmic stablecoin TerraUSD, crypto hedge fund Thr...
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements – Coinotizia
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the sta...
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements – Bitcoin News
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the sta...
BendDAO contract now has only 15 ETH left to pay lenders
Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid ...
US Mortgage Lenders Are Starting to Go Broke
(Bloomberg) — The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the h...
Canadian Regulators Join Investigations into Crypto Lender’s Collapse – crypto.news
Reports indicate that several Canadian regulators are working with their American counterparts to investigate the collapse of Celsius Network. According to sources, the Autorité des Marchés Financiers...
A ‘shakeout’ among mortgage lenders is coming
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging d...
FTX CEO Sam Bankman-Fried Says He Wants To Give Voyager Customers 100% of the Lender’s Remaining Assets
FTX CEO Sam Bankman-Fried is responding to claims that his company’s proposal to bail out customers of embattled crypto brokerage firm Voyager Digital is predatory in nature. Voyager Digital filed for...
Crypto: A Bernie Madoff-Style Scheme May Have Crushed Prominent Lenders
An unprecedented crisis of confidence has affected the crypto industry for several months. To measure it, just consider the prices of cryptocurrencies, which are often attached to a platform or a pro...
Domain Money CEO on responsible crypto asset management and where failed lenders went wrong
Episode 64 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Adam Dell, founder and CEO of Domain Money. Listen below, and subscribe to The Scoop on Apple, Spot...
SEC Chair Gary Gensler: Crypto Lenders Offered ‘Too Good to Be True’ Returns
Securities and Exchange Commission Chair Gary Gensler called out cryptocurrency lending companies for offering unrealistic yields today in an interview with Yahoo Finance. “If it’s too good to be true...
Wintermute has returned hundreds of millions in obligations to lenders: WSJ
Wintermute, a market maker in the crypto space, has paid back hundreds of millions to its lending counter-parties—a signal of the extent to which leverage is being sucked out of the crypto market. I...
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’ – Bitcoin News
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lendin...
Centralized Crypto Lenders Slash Rates As Markets Slump
There has been a significant drop in the yield rates offered by crypto yield platforms. Circle, the issuer of stablecoin USDC, used to offer rates of 6-8 % APY, ranging from 1-12 months. However, they...
BTC Struggles to Break $20K as More Lenders Face Trouble
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning, and welcome to First Mover. I’m Ly...
Crypto: Hedge Fund Debacle May Ruin Two Prominent Lenders
Two more. The carnage continues in the crypto industry. Two days after Singapore hedge fund Three Arrows Capital (3AC) was forced into liquidation, two of its lenders are being forced to take drastic...
Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here’s What the Data Shows
The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe. But N...
Crypto Miners Pose Risk to Lenders as ‘Crypto Winter’ Continues to Strain Business
Loans to the tune of $4 billion, that are backed by crypto mining equipment, are facing potential default risk as per a report by Bloomberg released Friday. The development comes on the back of a turb...
Maple Finance Says Lenders May Have to Wait for Borrower Repayments
Lending platform Maple Finance has become the latest firm to face liquidity problems. The platform posted an update on its website in a post titled “Managing liquidity for lenders and borrowers,” sayi...
Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager
With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out tw...
BIS Innovation Hub to create platform addressing collapse of stablecoins, DeFi lenders
The Bank for International Settlements (BIS) Innovation Hub on Friday revealed the first three projects of its forthcoming Eurosystem Centre. Eurosystem Centre will open locations in Frankfurt and Par...
Liquidity Crisis for Crypto Lenders Arises as BTC and ETH Reserves Fall – crypto.news
Despite gains in the last 24 hours, the slow crypto market price recovery has not been sufficient to offset recent losses from the crypto crash, which affected the largest market cap holders Bitcoin a...
SEC’s Gensler says there’s a regulatory path forward for crypto lenders
Securities and Exchange Commission Chair Gary Gensler continued to push that much of the activity in the crypto space could potentially fall under the purview of the securities regulator, calling out ...
US SEC Boss Airs Caution on Crypto Lenders Offering High Yields
Investors thinking of investing in crypto lending platforms should be cautious, the U.S. Securities and Exchange Commission (SEC) chairman said. Gary Gensler has warned investors to be wary of claims ...
Argentina’s Private Lenders Confirm Crypto Services Launch
Two banks in Argentina, Banco Galicia and Brubank, are now offering cryptocurrency investment services to their customer base, both the lenders officially confirmed on Twitter. Banco Galicia, which is...
Russian Bank Finds Novel Way to Pay Lenders and Bypass Wall Street, Sanctions
(Bloomberg) — Sovcombank PJSC will offer a bond swap to its Eurobond holders to bypass the foreign banking web that has been blocking payments of Russian borrowers after sanctions were imposed f...