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Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023
15.8.2023
The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult...
Crypto highlighted as 'novel and complex' risk to US banks: FDIC report
15.8.2023
The FDIC warns that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
31.7.2023
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the banking industry. The strategist articulated...
Another US Bank Collapses: Heartland Tri-State Bank Closed by Regulator
30.7.2023
Heartland Tri-State Bank has become the latest bank in the U.S. to fail. The Kansas banking regulator closed the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver on Friday. Regulator Shuts Down Heartland Tri-State Bank A regional bank in the U.S., Heartland...
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
29.7.2023
Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control
The High Rate Environment — Bank of America Faces Paper Losses Exceeding $100 Billion
4.7.2023
Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that...
Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg
23.6.2023
The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender
US FDIC Says OKCoin Made False Statements About Deposit Insurance and Demands Corrections
16.6.2023
The US Federal Deposit Insurance Corporation sent a letter to OKCoin USA, Inc., demanding the cryptocurrency exchange take action to address false and misleading statements about its deposit insurance.
The FDIC sent three letters to OKCoin USA, Inc., Bodega Importadora de Pallets and Money Avenue...
OKCoin Accused by FDIC of Making False Claims About Customer Protections
16.6.2023
OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims
Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
1.6.2023
Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not
FDIC Chair Criticizes Signature Bank's Lack of Understanding on Crypto Risks
16.5.2023
Amid crashing stock prices, the Federal Deposit Insurance Corporation (FDIC) points fingers at crypto and poor management for Signature Bank’s demise.
Remarking at a US House of Reps hearing, FDIC chair, Martin Gruenberg, attributed Signature’s failure to ignorance of the risks associated with...
Signature Bank failed to understand risks associated with crypto: FDIC chair
16.5.2023
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.”
Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem
7.5.2023
Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks. “How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government wake up?” he stressed, adding that “We need...
SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse
6.5.2023
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s...
What's Next for Crypto Prices as US Regional Banks Take a Hit? – yPredict Tool Makes AI Price Predictions Easy
5.5.2023
The US banking sector is in the midst of a crisis, and the government's efforts have been insufficient, and some would even say damaging.
As regional banks face financial headwinds, the cryptocurrency market is on the lookout for ripple effects.
Amidst the crisis, yPredict's presale has received...
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...
Democratic Presidential Candidate Robert F. Kennedy Jr. Says It Is a “Mistake” To Hinder Crypto
3.5.2023
Democratic presidential candidate Robert F. Kennedy Jr. has taken to Twitter over the past day or so to air his thoughts about cryptocurrency regulation.
Kennedy most recently criticized the Biden Administration’s renewed call to propose a 30 percent tax on crypto-mining, calling it a “bad...
Ethereum price outlook weakens, but ETH derivatives suggests $1.6K is unlikely
2.5.2023
Another top-20 U.S. bank bites the dust, but Ethereum price fails to benefit from the event
Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
1.5.2023
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the president also acknowledged the “threat by the speaker of the House to default on...
Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback
1.5.2023
BTC margin markets and futures’ long-to-short indicator show professional traders unwilling to bet on Bitcoin's price dropping