Us Bank Collapse

The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.

US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.

The overall crypto market grew by 1.65 percent in the last 24 hours. Bitcoin and Ether among other altcoins like Solana, Polygon, and Polkadot saw small gains as a testimony to people’s increased interest in cryptocurrencies after back-to-back collapses of traditional banks in the US. Stablecoins however, did see losses after the US announced ano...

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.

After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.

The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.

Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.

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.

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.

The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.

US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.

The overall crypto market grew by 1.65 percent in the last 24 hours. Bitcoin and Ether among other altcoins like Solana, Polygon, and Polkadot saw small gains as a testimony to people’s increased interest in cryptocurrencies after back-to-back collapses of traditional banks in the US. Stablecoins however, did see losses after the US announced ano...

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.

After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.

The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.

Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.

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.

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.