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Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout
1.5.2023
Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar
1.5.2023
Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks
1.5.2023
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal...
JPMorgan to acquire troubled First Republic Bank
1.5.2023
Banking giant JPMorgan has won the bid to take over all the assets of the troubled First Republic Bank after efforts to revive it failed
Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed ‘Criminal’
1.5.2023
Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich...
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
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
29.4.2023
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
29.4.2023
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro...
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
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
28.4.2023
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks...
Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
28.4.2023
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve...
Hong Kong regulator requires banks to open accounts for crypto firms
28.4.2023
Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
28.4.2023
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult
Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients
27.4.2023
Increasing familiarity with virtual assets clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says
Banks bullish on crypto: Standard Chartered’s Zodia raises $36M
27.4.2023
After leading Zodia’s series A funding round, the Japanese financial conglomerate SBI Holdings became its second-largest shareholder
US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%
26.4.2023
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors...
Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services
26.4.2023
All segments of RLB NÖ-Wien clients will be able to invest in a broad number of cryptocurrencies with a budget of as little as one euro
Bitcoin price jumps in the wake of First Republic Bank crash
26.4.2023
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States
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...
Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition
25.4.2023
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition...