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An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History
28.12.2023
The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto assets such as bitcoin demonstrated remarkable...
NFT markets are out of balance with sellers dominating
27.4.2023
In April there hasn’t been a single day where total sellers on the market haven’t exceeded total buyers
US Treasury seeks to tighten nonbank rules following banking crisis
24.4.2023
Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability
First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC
27.3.2023
Federal Deposit Insurance Corporation says the 17 former branches of Silicon Valley Bank will re-open as First Citizens Bank & Trust Company on Monday, March 27
First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg
27.3.2023
Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT
Why isn't the Federal Reserve requiring banks to hold depositors' cash?
15.3.2023
The fact that most banks aren’t required to keep your money on hand makes it likely that more bank failures will occur in the months ahead
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
13.3.2023
The market frenzy that started with the Silicon Valley Bank collapse is pushing BTC price higher but with some casualties left behind
US Fed announces $25B in funding to backstop banks
13.3.2023
The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues
Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’
12.3.2023
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
11.3.2023
Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse
Circle discloses $3.3B tied up at Silicon Valley Bank
11.3.2023
Circle joined other customers and depositors in calling for the continuity of SVB in the US economy
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
11.3.2023
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank