Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday
The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).
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US explores additional bank support favoring First Republic’s benefit: Report
Despite banking laws stating that remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” First Republic benefits, according to…
Federal Reserve Hikes Rates Up by 25 Basis Points Despite Banking Turmoil
Despite Silicon Valley Banks implosion, the Federal Reserve has elected to keep tightening monetary conditions in the United States. 4.75% to 5% range The Federal Reserve is pushing on in...
Bank collapses are spurring interest in self-custody startups
The implosions of Signature Bank and Silicon Valley Bank are giving self-custody startups an opportunity to prosper.
Fed, central banks enhance ‘swap lines’ to combat banking crisis
Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.
SVB’s UK arm issues 15M pounds in bonuses after symbolic bailout: Report
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm’s “near-collapse.”
Africa-Focused Fintech Chipper Cash Weighs Possible Sale of Business
One of Africa’s fintech giants, Chipper Cash, is said to be weighing the possibility of selling the business or bringing in new investors. According to the CEO of the FTX…
Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B
Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.
How credible is the ‘Operation Chokepoint’ theory?
Silicon Valley Bank and Silvergate Bank were crucial to many in the cryptocurrency industry, and it’s fueling theories that regulators encouraged their downfall.
SVB collapse chilled NFT trading volumes: DappRadar
Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021.