News with the tag "Signature Bank"

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.

Crypto evangelist Nic Carter has recently exposed how the Federal Reserve has played a crucial role in pushing the crypto-friendly Silvergate Bank to the path of bankruptcy. He added that as part of Operation Choke Point 2.0, Biden’s regulators – the Fed, FDIC, and OCC – systematically cracked down ...

Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s troubles have ignited concerns over a potential banking contagion that cont...

In a post on X, Arthur Hayes, the co-founder of the derivatives crypto exchange BitMEX, said it might be time for traders to double down on Solana (SOL) and altcoins in general. Hayes’s comments come at a time of heightened volatility in the broader crypto market, with Bitcoin (BTC) struggling to re...

New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last Year’s Banking Fears Resurface as NYCB Faces Harsh E...

The bank took over defunct Signature Bank's non crypto-related deposits last year.

In the aftermath of the unsettling collapses of Silicon Valley Bank and Signature Bank, the United States government grapples with the weight of nearly $13 billion in mortgage bonds that have proven exceptionally challenging to offload. Originally backed by long-term, low-rate loans primarily earmar...

Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

The US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank. According to a Bloomberg article citing sources familiar with the matter, the bank is partnered with hundreds of crypto companies, with a wave of new clients coming in after the collapse of c...

With traditional banks becoming more cautious about servicing the cryptocurrency industry, smaller regional banks and alternative payment service providers are stepping up to fill the gap. In the US, Customers Bancorp, a Pennsylvania-based lender, has become a popular choice, having launched a real-...