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FDIC Left Holding $13B in Hard-to-Sell Mortgage Bonds Post Banking Crisis
/ Banking, Markets

FDIC Left Holding $13B in Hard-to-Sell Mortgage Bonds Post Banking Crisis

The FDIC has been struggling to offload approximately $12.7 billion in bonds tied to project loans supported by Ginnie Mae.

September 13, 2023
A Small Pennsylvania-Based Bank Has Replaced Silvergate as Crypto Industry’s Go-To

A Small Pennsylvania-Based Bank Has Replaced Silvergate as Crypto Industry’s Go-To

Pennsylvania-based Customers Bank has become crypto's go-to bank in the US.

July 18, 2023
NYDFS’ Harris Says Crypto Clients’ Bank Run Not What Crashed Signature

NYDFS’ Harris Says Crypto Clients’ Bank Run Not What Crashed Signature

Superintendent Harris of the NYDFS recently stated that Signature’s crypto clients played only a minor role in the bank’s collapse.

April 19, 2023
FDIC Announced Sale of $115B Worth of SVB and Signature Securities

FDIC Announced Sale of $115B Worth of SVB and Signature Securities

FDIC is planning to make an “orderly liquidation” of more than $100 billion worth of Signature and SVB securities.

April 05, 2023
Tether Used Signature’s Signet and a Bahaman Bank for Dollar Transactions

Tether Used Signature’s Signet and a Bahaman Bank for Dollar Transactions

Allegedly, Tether directed its clients to buy stablecoins by using the Signet Network to transfer funds to a small Bahamas-based bank.

April 04, 2023