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New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits
8.2.2024
Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s troubles have ignited concerns over a potential...
US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns
1.2.2024
Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as well. On Thursday, New York Community Bancorp witnessed a further...
New York Community Bancorp Grapples With 40% Share Drop Following Disappointing Earnings Report
31.1.2024
New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last Year’s Banking Fears Resurface as NYCB Faces...
New York Community Bancorp Shares Tumble After Earnings Miss, 71% Dividend Cut
31.1.2024
The bank took over defunct Signature Bank's non crypto-related deposits last year
Bitcoin drops with stocks as analyst warns of banking crisis 'endgame'
4.5.2023
Nerves become apparent across risk assets as U.S. regional banks add to already significant losses
9 tips to help crypto companies choose and succeed with a banking partner
4.5.2023
Before reaching out to a potential banking partner, it’s wise to know both what they can offer and what they’ll expect
US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023
4.5.2023
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great...
US regional bank shares sink despite Fed calling banking system 'sound'
4.5.2023
PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
2.5.2023
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit...
Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
8.4.2023
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of...
Signature’s crypto clients told to close their accounts by April 5: Report
29.3.2023
Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client's address
Signature Bank deposits, branches sold to Flagstar, crypto not included
20.3.2023
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20
Bitfury CEO: U.S. Government Using Crisis to Choke Off Crypto Access to Banks
15.3.2023
Brian Brooks, former head of the OCC and now board member of blockchain technology company Bitfury, says the recent crackdown by regulators on three crypto-friendly banks appears to be a coordinated effort and what some are dubbing "Operation Choke Point 2.0"
Crypto-friendly bank ends loans backed by crypto mining rigs
1.2.2023
After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022
Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements
30.9.2022
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier...