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Nalezeno "signature bank": 192

Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

7.5.2023
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden...

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

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

1.5.2023
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable...

FDIC pins Signature Bank's failure on poor governance and illiquidity

30.4.2023
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies

Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...

Fed, NYDFS assess their supervisory performance after March’s big bank failures

28.4.2023
Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

28.4.2023
The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure

First Mover Americas: Bitcoin Regains $29K

26.4.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for April 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade

25.4.2023
After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention...

Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust

25.4.2023
Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist

Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up

18.4.2023
As the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse, more individuals are turning to decentralized finance (DeFi) as a secure and attractive alternative. Verse DEX, Bitcoin.com’s...

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...

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

7.4.2023
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured...

New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto Activities – Bullish for the Industry?

6.4.2023
The idea that the closure of Signature Bank was in any way an attempt to target the crypto sector is “ludicrous,” the Superintendent of the New York Department of Financial Services (NYDFS) has said.... Read More: New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto...

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...