The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors. In the early trading hours on Monday, Ma...
Tag: Rescue
HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal
HSBC Holdings plc’s HSBC UK Bank has announced Silicon Valley Bank UK LTD acquisition. SVB Financial Group is in discussions for acquisition but excludes the commercial bank under US control. Kim Dotc...
Dow Jones Falls On SVB Rescue Plan; First Republic, Charles Schwab Crash On Bank Fears
The Dow Jones Industrial Average dropped Monday, as global markets grappled with the ongoing crisis among U.S. banks. The FDIC and other financial regulators guaranteed all deposits of SVB Financial (...
British startups react to Silicon Valley Bank UK’s rescue by HSBC
An entrance to the Alphabeta Building, which houses the offices of UK unit of Silicon Valley Bank, in the City of London, UK, on Monday, March 13, 2023. HSBC Holdings Plc is set to buy the UK arm of S...
Investors rush into bonds, gold in flight to safety after SVB rescue
A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Platt | Getty Images Investors flocked to safe-haven assets such a...
Regulators Launch Drastic Rescue Plan Post SVB’s Collapse, But Will It Be Enough?
Depositors of Silicon Valley Bank (SVB) can breathe a sigh of relief as the Federal Deposit Insurance Corporation (FDIC) confirmed the successful transfer of deposits to a new bridge bank. The transfe...
Gundlach, Ackman Weigh Fed’s US Bank Rescue Impact on Markets
(Bloomberg) — The failure of Silicon Valley Bank and the government rescue of its depositors are ripping through market bets on everything from the economy to the US interest-rate outlook. Most ...
US Yields May Jump Back to 4% as SVB Rescue Reverses Haven Trade
(Bloomberg) — US 10-year Treasury yields may snap back up to 4% as government efforts to quash contagion risks from the collapse of Silicon Valley Bank damp demand for haven assets. Most Read fr...
BTC, USDC Soar After Government Promises to Rescue All Silicon Valley Bank Depositors
The U.S. government’s biggest financial regulators released a joint statement on Sunday promising to save every last depositor at Silicon Valley Bank (SVB) – even those not fully covered by the federa...
PNC decides not to bid on Silicon Valley Bank as regulators struggle to find rescue buyers, source says
A PNC Bank branch in New York, on Wednesday, Jan. 18, 2023. Bing Guan | Bloomberg | Getty Images PNC Financial Group has decided against bidding on Silicon Valley Bank as regulators struggled to find ...
AAVE DAO votes for ‘rescue plan’ to save lost tokens
Some AAVE users who accidentally sent tokens to the wrong address may soon be able to recover them, according to the text of a proposal passed by the AAVE decentralized autonomous organization (DAO) o...
Aave begins first phase of token recovery rescue mission
DeFi lending protocol Aave is set to rescue lost tokens for its users after the DAO voted unanimously in favor of commencing phase one of the asset recovery process. The first phase will focus o...
Silvergate Working Out a Rescue Plan with FDIC Officials
FDIC officials are reportedly looking at the books and records of Silvergate Bank and could provide a remedy for bank to come out of the turmoil. Crypto-focused bank Silvergate Capital is facing a maj...
Chainlink: Will the $7 support level come to the rescue once again?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The momentum and structure favored the bears. Buye...
Rescue Teams Find More Survivors As More Than 35,000 Have Died
Topline The death toll from the powerful earthquake that struck southern Turkey and northern Syria last week crossed 35,000 on Monday as rescue workers continued to pull survivors from the rubble of c...
LUNC in Dire Straits Despite Token Burning, Can the Bulls Rescue?
Terra Classic reaches a new milestone by burning 15 million tokens in a week, with more burning on the cards. LUNC experiences consolidation after each drop, with increasing bearish pressure. The 200-...
WHO Estimates Death Toll May Cross 20,000 As Freezing Weather And Aftershocks Slow Rescue Efforts
Topline The death toll from the powerful earthquake that struck Turkey and Syria on Monday could rise above 20,000, a World Health Organization official warned late Monday, as ongoing efforts to rescu...
BlockFi Can Take Action To Rescue Itself From Bankruptcy
Join Our Telegram channel to stay up to date on breaking news coverage BlockFi, the cryptocurrency lender that declared bankruptcy following the FTX collapse, has been approved by the New Jersey bankr...
Veritex Holdings Inc (NASDAQ: VBTX) Stock: VBTX Stock Price Buyers at Rescue!
Veritex Holdings inc stock has been trying to surge towards the upper price range of the range and VBTX stock price must maintain the current accumulation rate. VBTX share price has dipped below 20, 5...
The Ukrainian Navy Is Ready To Rescue People Again As Ex-British Helicopters Arrive
A Royal Navy Sea King in 2013. Crown Copyright Just two months after the United Kingdom announced it would donate to Ukraine three ex-Royal Navy Westland Sea King helicopters, the first of the classic...
Rescue Effort For Stricken Yemeni Tanker In Limbo, Despite Lull In Fighting
The FSO Safer tanker moored off the Yemen coast, as seen on June 17, 2020. (Satellite image (c) 2020 … [+] Maxar Technologies) DigitalGlobe/Getty Images Despite a relatively stable security situ...
Cruise Ships Rescue Migrants From Boats Off Florida Coast
Topline About two dozen migrants were rescued by a pair of Carnival Cruise Line ships northwest of Cuba on Monday, according to the company, complementing a recent surge of migrants landing along the ...
Bulls to rescue falling APT– prices may rise in honor
APT marked its all time low (ATL) recently. Creators hint at some new updates for the coming year. A tweet reveals partnership with Metapixel. Aptos (APT) marked its ATL at $3.09 in the past week, but...
Valkyrie aims to rescue Grayscale’s Bitcoin Trust
Valkyrie Investments announced in a Dec. 28 statement that it has submitted a proposal to become the sponsor and manager of Grayscale’s Bitcoin Trust. Grayscale BTC (GBTC) is among the largest Bitcoin...
Target under pressure, hopes value-hungry shoppers come to the rescue
Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years. Meli...
Can Axie Doll Rescue Axie Infinity (AXS) Price Action?
While the Axie Infinity (AXS) price has generated bullish divergence, it has yet to confirm it by breaking out from a descending resistance line. Doing so could catalyze an upward movement. AXS is the...
‘I supported the American Rescue Plan–but a little-known provision will hurt millions of Americans who buy and sell used goods online’
This year, record inflation has taken a heavy toll on Americans, with high energy and food prices plaguing them for months. And while the Inflation Reduction Act offers some relief, it will take time ...
Changpeng Zhao Won’t Rescue Binance by Selling out Crypto Self-Custody
Centralized crypto exchanges reintroduce an element of trust that trustless protocols like Bitcoin and Ethereum remove from finance. Users take on the risks, even if rare, of hacks, frozen withdrawals...
Stellar Development Foundation, International Rescue Committee pilot blockchain-powered aid system in Ukraine
The International Rescue Committee (IRC) and the Stellar Development Foundation (SDF) have partnered to pilot a blockchain-powered cash disbursement system in Ukraine. The pilot, called Stellar Aid As...
AVAX in hostile conditions, will technological updates come to its rescue
Avalanche made technological advancements for its validators. However, weighted sentiment against Avalanche remained negative and TVL continued to decline. In a tweet posted on 8 December, the officia...