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


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...

FaZe Clan Stock Price Too Embarrassing For Wall Street


Less than a year into gaming content creator mega-brand FaZe Clan’s disastrous Wall Street experiment, the Nasdaq has said please, no more. The New York-based stock exchange sent a “Notice of Delisting” last week to the esports company threatening to drop it from trading if it doesn’t get its stock...

Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms


China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.  According to a Monday report from Bloomberg, a number of Chinese state-owned banks in Hong Kong have started offering services to crypto...

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter


Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...

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


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...

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