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Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause
The Mortgage Bankers Association (MBA) stated that for the first time ever, in 2022, banks were losing money on every mortgage they’d…
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Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank
First-Citizens Bank will acquire the loans and deposits of Silicon Valley Bank (SVB), one of the crypto lenders that failed this month,…
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More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank’s New Platform
Deutsche WertpapierService Bank AG (dwpbank) is connecting the traditional securities market with the digital asset space through a new platform that could…
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Coinbase Integrates Brazilian Central Bank’s Pix For Crypto Purchases With Brazilian Real
Top US crypto exchange Coinbase has expanded its services in Brazil through a partnership with Pix, an instant payment application run by…
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Coinbase Halts Support For Signature Bank’s SigNet, Leaving Cryptos In Limbo
Cryptocurrency exchange Coinbase no longer supports Signature Bank’s real-time payment network SigNet, more than a week after the New York regulators closed…
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Failed Signature Bank Cedes Non-crypto Operations To New York Community Bank Flagstar
Flagstar Bank’s parent company, New York Community Bank (NYCB), will take over ‘substantially all‘ of the operations of Signature Bank, excluding cryptocurrency…
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HSBC’s UK Branch Acquires SVB’s UK Branch For A £1
HSBC’s UK subsidiary, HSBC UK Bank, acquires Silicon Valley Bank’s UK branch for one British pound. According to the filing, SVB UK…
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Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors
On Sunday, the US state regulators closed Signature Bank, a crypto-friendly financial institution, two days after shuttering Silicon Valley Bank, citing systemic…
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Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank
As the industry comes to terms with the demise of Silicon Valley Bank, top cryptocurrency exchanges, Binance and Coinbase, have announced that…
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U.S. Congressman Urges Fed To Consider CBDC Impact On Digital Assets
U.S. Congressman Stephen Lynch raised concerns over the impact of a CBDC on digital assets during the House Financial Services Committee. He…