Silvergate Bank

FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
August 29, 2023  |  Debt

In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. That’s because after SVB (Silicon Valley Bank) collapsed due to a structurally weakened balance...

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Silvergate Capital’s President and CFO to Depart
Silvergate Capital’s President and CFO to Depart
August 16, 2023  |  Cryptocurrency

According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief...

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US Bank Deposits Rise, Signaling Easing of Pressure From Withdrawals
US Bank Deposits Rise, Signaling Easing of Pressure From Withdrawals
June 23, 2023  |  Banking

Deposits at U.S. banks rose last week but remain below where they were in March. The deposits rose to $17.22 trillion in the week ended...

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SEC: Binance Moved Nearly $70 Billion Through Crypto-Friendly Banks
SEC: Binance Moved Nearly $70 Billion Through Crypto-Friendly Banks
June 08, 2023  |  Cryptocurrency

Binance used two U.S. banks to move billions of dollars around the globe, according to the Securities and Exchange Commission (SEC). The cryptocurrency exchange transferred almost $70 billion...

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Report: Binance Exec Controlled US Affiliate’s Accounts
Report: Binance Exec Controlled US Affiliate’s Accounts
June 05, 2023  |  Cryptocurrency

Despite claims the companies are separate, cryptocurrency giant Binance reportedly controlled accounts at its American affiliate. That’s according to a Monday (June 5) report by...

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SVB’s ‘Twitter-Fueled’ Collapse Makes Banks Reassess Social Media
SVB’s ‘Twitter-Fueled’ Collapse Makes Banks Reassess Social Media
May 18, 2023  |  Banking

Lenders are reportedly examining their social media strategies following recent banking failures. Banks around the country have begun coming up with plans to counter online...

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Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
May 15, 2023  |  Banking

Federal Reserve rate hikes and online rumors and misconceptions contributed to the collapse of Silicon Valley Bank. So said former Silicon Valley Bank CEO Gregory...

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FDIC Sends Cease and Desist Order to Cross River Over Lending Practices
FDIC Sends Cease and Desist Order to Cross River Over Lending Practices
April 30, 2023  |  Digital Banking

Federal regulators have cited Crypto and FinTech-focused lender Cross River Bank. The Federal Deposit Insurance Corp. (FDIC) issued a cease-and-desist order against the New Jersey-based bank due to its...

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Bakkt CEO Says Bringing Utility to Crypto Starts With Payments 
Bakkt CEO Says Bringing Utility to Crypto Starts With Payments 
April 17, 2023  |  Cryptocurrency

Crypto, whether by accident or by design, is facing a banking crisis in the U.S. That’s why it is increasingly important for industry leaders to drive education...

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