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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
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US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture
A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.
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Apple Offers New High-Yield Deposit Account for US Card Customers With 4.15 Percent Interest Rate
Apple is seeking to attract US savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group amid increased competition among financial institutions for consumer dollars.
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US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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"A Real Loss": Silicon Valley Bank Collapse Leaves Tech Start-Ups Worried
Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.
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Silicon Valley Bank Collapse: What Happens To Customers' Deposits, Loans
The collapse of the Silicon Valley Bank, a key lender to US startups since the 1980s, has sent shockwaves in global markets. It is not only the largest bank failure since 2008, but also the second-largest failure ever for a retail bank in the US.
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Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts
Voyager Digital, the crypto lender that filed for bankruptcy last week, is facing a probe by the Federal Deposit Insurance Corporation (FDIC). The agency is probing the marketing of deposit accounts for cryptocurrency purchases, after customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy ...
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US Banking Regulator Updates Cyber Security After Data Breach
The US Federal Deposit Insurance Corporation is updating cyber security policies after a 2015 data breach in which a former employee kept copies of sensitive information on how banks would handle bankruptcy, the regulator's chief said on Thursday.
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US state regulators issue warnings on bitcoin, other virtual currencies
Investors should consider risks associated with virtual currencies, including bitcoin, before trading in them, two US regulators warned on Tuesday.
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Barclays, Citigroup, 14 others sued by US regulator for rigging key interest rate
The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of colluding to suppress interest rates.
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JPMorgan Chase sues Federal Deposit Insurance for over $1 billion: report
JPMorgan has said in a US federal court complaint that is suing the Federal Deposit Insurance Corp to recover more than $1 billion tied to its purchase of Washington Mutual, which collapsed during the 2008 financial crisis.
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SBI says overseas business margins under pressure
State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.
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Bank downgrades could hurt loans, credit cards
The downgrades could eventually increase the banks' cost of borrowing in financial markets because investors will demand more interest when they lend the banks money. The downgrades will force banks to set aside billions of dollars in additional reserves because the debt they are insuring has suddenly become riskier. Each notch in the ratings scale...
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US bank earnings hit five-year high in 2011
A surge in bank earnings at the end of last year made 2011 the most profitable time for the industry in five years.
-
US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
-
US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture
A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.
-
Apple Offers New High-Yield Deposit Account for US Card Customers With 4.15 Percent Interest Rate
Apple is seeking to attract US savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group amid increased competition among financial institutions for consumer dollars.
-
US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
"A Real Loss": Silicon Valley Bank Collapse Leaves Tech Start-Ups Worried
Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.
-
Silicon Valley Bank Collapse: What Happens To Customers' Deposits, Loans
The collapse of the Silicon Valley Bank, a key lender to US startups since the 1980s, has sent shockwaves in global markets. It is not only the largest bank failure since 2008, but also the second-largest failure ever for a retail bank in the US.
-
Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts
Voyager Digital, the crypto lender that filed for bankruptcy last week, is facing a probe by the Federal Deposit Insurance Corporation (FDIC). The agency is probing the marketing of deposit accounts for cryptocurrency purchases, after customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy ...
-
US Banking Regulator Updates Cyber Security After Data Breach
The US Federal Deposit Insurance Corporation is updating cyber security policies after a 2015 data breach in which a former employee kept copies of sensitive information on how banks would handle bankruptcy, the regulator's chief said on Thursday.
-
US state regulators issue warnings on bitcoin, other virtual currencies
Investors should consider risks associated with virtual currencies, including bitcoin, before trading in them, two US regulators warned on Tuesday.
-
Barclays, Citigroup, 14 others sued by US regulator for rigging key interest rate
The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of colluding to suppress interest rates.
-
JPMorgan Chase sues Federal Deposit Insurance for over $1 billion: report
JPMorgan has said in a US federal court complaint that is suing the Federal Deposit Insurance Corp to recover more than $1 billion tied to its purchase of Washington Mutual, which collapsed during the 2008 financial crisis.
-
SBI says overseas business margins under pressure
State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.
-
Bank downgrades could hurt loans, credit cards
The downgrades could eventually increase the banks' cost of borrowing in financial markets because investors will demand more interest when they lend the banks money. The downgrades will force banks to set aside billions of dollars in additional reserves because the debt they are insuring has suddenly become riskier. Each notch in the ratings scale...
-
US bank earnings hit five-year high in 2011
A surge in bank earnings at the end of last year made 2011 the most profitable time for the industry in five years.
