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Nalezeno "US Bank": 11256

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

Fed Bank President: Banking Crisis Tips US Economy Toward Recession

29.3.2023
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S....

FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure

29.3.2023
The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week – whether they have a new bank or not

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

29.3.2023
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying...

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

28.3.2023
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial...

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...

European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

28.3.2023
The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own

Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says

28.3.2023
Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky

Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks

28.3.2023
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank...

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

27.3.2023
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that...

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

27.3.2023
The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous business concentrations – especially in digital...

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

27.3.2023
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate”...

Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC

27.3.2023
Microstrategy has purchased 6,455 bitcoins for approximately $150 million at an average price of $23,238 per coin. With its latest purchase, Microstrategy now holds 138,955 bitcoins acquired at an average of $29,817 per coin. Moreover, the company also paid off its loan from troubled Silvergate...

UBS’s acquisition of Credit Suisse brings some good and bad for crypto

27.3.2023
Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008

A friend in need: How the crypto industry reacts to recent bank bailouts

27.3.2023
With a focus on sovereignty and creating an alternative to traditional financial systems, how is the crypto community reacting to government intervention in the recent bank crisis?

First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank

27.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Bitcoin, Ethereum Technical Analysis: BTC Consolidates Near $28,000, as First Citizen Agrees to Acquire Silicon Valley Bank

27.3.2023
Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday....