• The US FDIC is telling Signature Bank’s crypto customers to close accounts before April 5

    March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit […]

  • US regulators say banking system ‘sound and resilient’

    WASHINGTON, March 24 (Reuters) – The multi-regulator US Financial Stability Oversight Council agreed on Friday that the US banking system remains “sound and resilient” despite pressure on some institutions, the US Treasury Department said in its latest statement to calm jittery markets and bank depositors. Speaking to a private meeting chaired by Treasury Secretary Janet […]

  • SVB Financial Group accuses FDIC of cutting off the money

    March 21 (Reuters) – SVB Financial Group (SIVB.O) said on Tuesday that the US Federal Deposit Insurance Corporation had taken “improper actions” to close it off from cash held at its former subsidiary Silicon Valley Bank, which has been banned by regulators seized to stop a run on the national bank. SVB Financial made the […]

  • FDIC to break up SVB, aim for separate private unit sales

    March 20 (Reuters) – The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposit division and its private bank after failing to find a buyer for the failed bank last week found a lender. It will bid for Silicon Valley Private […]

  • Goldman expects $2.3 billion more in potential litigation losses

    Feb 24 (Reuters) – Goldman Sachs Group Inc (GS.N) expects to incur $2.3 billion more in potential losses from litigation than the reserves it had set aside for such matters last year, a filing from the filing of the investment bank on Friday. That was in line with what the bank had estimated at the […]

  • Binance’s American partner confirms that CEO Zhao’s company is active on the stock exchange

    LONDON, Feb. 17 (Reuters) – US affiliate of global cryptocurrency exchange Binance has confirmed that a trading firm led by Binance CEO Changpeng Zhao was operating as a market maker on its platform. Reuters reported on Thursday, citing bank records and corporate communications, that Binance secretly accessed a bank account belonging to its supposedly independent […]