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CATEGORY: depositors


Mar 25, 2023 02:10

US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor

A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system. Priority Given to Depositors According to [...]

The post US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor appeared first on Crypto Breaking News.

Mar 14, 2023 10:30

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

The post Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders appeared first on Crypto Breaking News.

Mar 13, 2023 05:50

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be [...]

The post NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout appeared first on Crypto Breaking News.

Mar 10, 2023 10:30

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for [...]

The post US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual appeared first on Crypto Breaking News.

Mar 16, 2023 10:30

Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal [...]

The post Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply appeared first on Crypto Breaking News.

May 15, 2023 10:30

Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions

Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption. Lebanese Citizens Left Penniless as Financial Institutions Crumble [...]

The post Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions appeared first on Crypto Breaking News.

Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

Author: Cointelegraph By Brayden Lindrea
United States
Apr 12, 2023 08:20

Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position.

Apr 10, 2023 11:10

Ethereum sees spike in one-time ETH depositors ahead of Shanghai upgrade

Ethereum news this week will likely be dominated by one of the cryptocurrency’s biggest events since its proof-of-stake switch – the activation of the Shanghai upgrade.  As far as Ethereum holders are concerned, this highly anticipated network upgrade will among other things, enable ETH withdrawals. In short, Shanghai will allow staked Ether to be withdrawn. …

<p>The post Ethereum sees spike in one-time ETH depositors ahead of Shanghai upgrade first appeared on CCNC | Cryptocurrency Newscast.</p>

Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

Author: Cointelegraph By Brayden Lindrea
United States
Jul 04, 2023 08:20

Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

In an open letter, Cameron Winklevoss slammed DCG's Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.

Apr 03, 2023 05:50

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known [...]

The post ‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks appeared first on Crypto Breaking News.

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