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Hong Kong crypto firms seeing interest from Chinese banks: Report

27.3.2023
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland

Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday

27.3.2023
The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC)

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...

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

Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

26.3.2023
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using...

US contemplates 'expanding' emergency lending facility for banks: Report

26.3.2023
While the Federal Reserve liquidity offerings must be equally accessible to "all eligible users," unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report

25.3.2023
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice...

Custodia Bank's membership denied for ties with crypto markets, says US Fed

25.3.2023
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership

US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor

25.3.2023
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create...

80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says

25.3.2023
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S....

Shares of Deutsche Bank, Other Euro Lenders Tumble

24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...

Bitcoin Edges Below $28K as Investors Weigh Deutsche Bank Contagion Fears

24.3.2023
But the largest cryptocurrency by market capitalization is still up about 16% in March. Ether dropped below $1,800

European banks head into another weekend of uncertainty as default risks surge

24.3.2023
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system

Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

24.3.2023
The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money

BTC price centers on $28K as Deutsche Bank shares follow Credit Suisse

24.3.2023
Bitcoin refuses to give up recently reclaimed support as Deutsche Bank shows that the banking crisis is far from over

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

24.3.2023
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during...

Bitcoin, Ethereum Technical Analysis: ETH Drops From 7-Month High, as Market Volatility Heightens

24.3.2023
Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector. Shares in Deutsche Bank fell by as much as 13% in today’s session, following a spike in the cost of credit default swaps. Bitcoin briefly moved above $28,000 on the news....