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FDIC Says Signature Bank Cratered Due to Contagion Effects and Failure To Understand the Risks of Crypto

Signature Bank (SBNY) primarily failed due to contagion that spread from other recently collapsed financial institutions, according to the U.S. Federal Deposit Insurance Corporation...

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FDIC’s Purchase of Silicon Valley Bridge Bank Sparks Crypto Debate

SNEAK PEEK First–Citizens Bank & Trust Company has acquired Silicon Valley Bridge Bank, National Association. First–Citizens Bank & Trust Company’s deposits are FDIC-insured up...

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

In a statement, the FDIC said that all depositors of Silicon Valley Bridge Bank, the bridge bank set up by the FDIC after SVB’s...

Coinbase says US banking crisis reinforcing Crypto assets to the upside, catching attention of institutions

A top Coinbase researcher thinks the recent US banking crisis reinforces the value of blockchain and cryptocurrency technology. David Duong, the head of institutional research...

First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle

Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York...

Signature Bank Sold, Crypto Business Ditched

The third biggest retail bank to fail in the United States, Signature, has been sold to Flagstar Bank, a wholly owned subsidiary of the New...

FDIC Sells Signature Bank Deposits to Flagstar, Crypto not Included

Signature Bank’s deposits and loans are expected to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp, just...

First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K

Non-crypto-related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, a subsidiary of New York Community Bancorp,...

Signature Bank Deposits, Branches Sold to Flagstar, Crypto Not Included

Signature Bank’s deposits and loans are expected to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp, just...

Flagstar Takes Over Signature, Minus Its Crypto Business

Following an unsuccessful first attempt by the FDIC to find a buyer for Signature Bank, the latter placed in receivership by the fiscal...

Silvergate, Silicon Valley Bank, Signature and the “unbanking” of U.S. crypto

Over the course of a single week we witnessed, in fast succession, the collapse of three of probably the most crypto-friendly banks within the...

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...

Mastercard set to acquire Finicity for $825m

Mastercard has agreed to buy Finicity, a financial data aggregation start-up, for $825 million. Finicity has a focus on credit decisioning solutions If performance targets...

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