Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US 3 min read anti-crypto message Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin...Read More
Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow 3 min read appropriately capitalized Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow admin March 12, 2023 The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late...Read More
FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange 3 min read FDIC FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange admin August 21, 2022 The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including...Read More
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims 3 min read App Claims Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims admin July 29, 2022 Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation...Read More
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’ 2 min read Crypto evaluation FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’ admin February 9, 2022 The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this...Read More
Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets 2 min read banks Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets admin October 28, 2021 A group of U.S. banking regulators is working on how banks can be allowed to offer crypto...Read More
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply 3 min read American Banks Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply admin March 17, 2023 The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial...Read More
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming 3 min read big short investor Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming admin March 16, 2023 Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between...Read More
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders 3 min read accountability Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders admin March 14, 2023 The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued...Read More
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks 4 min read asset-liability management Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks admin March 14, 2023 After the failure of three major U.S. banks last week, with two of them being the second...Read More
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits 3 min read ACH Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits admin March 13, 2023 Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former...Read More
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank 3 min read Bail-Out US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank admin March 12, 2023 U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank...Read More