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Circle taps Cross River as banking partner, expands ties with BNY
13.3.2023
Circle announced a new banking partner after Silicon Valley Bank’s failure and is expanding ties with BNY Mellon
OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
13.3.2023
OkCoin CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals are not affected
Binance CEO announces recovery funds conversion from BUSD to 'native crypto'
13.3.2023
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC
IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks
13.3.2023
The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals
HSBC Subsidiary to Acquire Silicon Valley Bank's U.K. Unit for 1 Pound
13.3.2023
The bank said the deal is a move to strengthen it's regional presence
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
13.3.2023
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
13.3.2023
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
13.3.2023
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department,...
US Fed announces $25B in funding to backstop banks
13.3.2023
The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues
Silicon Valley Bank collapse: Everything that’s happened until now
12.3.2023
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
12.3.2023
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look...
Bank of London bids to acquire Silicon Valley Bank's UK arm
12.3.2023
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm
U.S. authorities preparing 'material action' to curb SVB contagion
12.3.2023
The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks
FDIC bidding for Silicon Valley Bank is in progress: Report
12.3.2023
The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
12.3.2023
An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
12.3.2023
Janet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major bailout
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
12.3.2023
Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent extinction of tech companies
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
12.3.2023
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins
Silicon Valley Bank failure could trigger run on U.S. regional banks
12.3.2023
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
11.3.2023
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch...