Banking

Banking

FDIC Says Buyers Not Told to Divest as Singature’s Non-Crypto Business Sold

Flagstar Bank agreed to acquire deposits and loans belonging to the collapsed Signature Bank, though crypto-related deposits were not included in the bid.

Tim FriesMar 20, 20233 min read

Market Analysis

Credit Suisse Down 6.94% as Four Major Banks Limit Dealings With Swiss Lender

While the Swiss National Bank pledged $54 billion to the embattled lender, many appear to still be unconvinced the crisis is averted.

Tim FriesMar 17, 20233 min read

Personal Finance

Crypto App Downloads Up 15% as US Banking Crisis Drags On

Ongoing banking crisis caused a surge in the number of downloads of smartphone apps of major cryptocurrency companies.

Tim FriesMar 17, 20233 min read

Banking

First Republic Bank Down 25%+ After Hours Despite $30B Bailout

Despite recovering throughout the day, First Republic Bank’s shares reentered a sharp decline after the markets closed.

Tim FriesMar 16, 20233 min read

Market Analysis

Russia’s State-Owned Rosneft to Issue Second Yuan-Denominated Bond for $2.1B

Chinese yuan is exploiting the record windfall from Russian sanctions.

Tim FriesMar 15, 20234 min read

Best Stocks

Credit Suisse Down 28% as its Biggest Backer Refuses Additional Help

Credit Suisse shares plummet to a new all-time low after key backer rules out further financial aid.

Tim FriesMar 15, 20233 min read

Banking

Fed Considers New Rules for Midsize Banks After SVB Collapsed with 90% Deposits Uninsured

Silicon Valley Bank and Signature Bank had the highest ratio of uninsured deposits, at 93.3% and 89.7%, respectively.

Ruholamin HaqshanasMar 15, 20234 min read

Crypto

Coinbase to Offer No-Fee Bank Transfers in Singapore

Coinbase now lets Singapore retail users to move their crypto funds to and from their accounts via local banks for free.

Tim FriesMar 15, 20233 min read

Banking

Crypto Bank Anchorage Digital Cutting Workforce By 20%

Anchorage Digital cited overall market conditions, volatility, and recent regulatory actions as the main reason behind the decision to reduce the workforce.

Tim FriesMar 14, 20234 min read

Banking

DoJ and SEC to Investigate Stock Sales by Silicon Valley Bank Executives

The DoJ and the SEC opened probes into the events that led to the SVB collapse.

Tim FriesMar 14, 20233 min read

Banking

SVB Facing Fraud Lawsuit for “Mismanaging Events” Prior to Collapse

This Monday, SVB, its parent company, and its CEO and CFO were hit with a shareholder lawsuit alleging fraud and mismanagement.

Tim FriesMar 13, 20233 min read

Banking

Bitcoin Up 9.5% Amid Banking Crisis in US, Breaks Through $24,000

For the first time in a major bank run, Bitcoin exists as a ready-to-go solution.

Tim FriesMar 13, 20236 min read