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The Federal Reserve has imposed strict oversight and compliance measures on Customers Bancorp, Inc., and its subsidiary, Customers Bank. The action follows a recent examination by the Federal Reserve Bank of Philadelphia, which uncovered significant deficiencies in the bank’s risk…
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Coinbase is going on the offensive after the SEC and FDIC denied information requests filed under the Freedom of Information Act.Â
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Custodia Bank has filed a notice of appeal on April 26, challenging a lower court's decision from March denying its attempt to officially join the U.S. banking system.
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Travis Hill, vice chairman of the FDIC, criticized the U.S. banking restrictions on handling digital assets for clients.
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In an Oct. 16 update to Binance.US’s terms of service for the exchange, a clarification was made that digital assets do not qualify for FDIC insurance coverage.
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In this year’s review, the FDIC evaluates the potential implications and challenges of integrating crypto activities into the traditional US banking framework. In its 2023 annual risk review, the US Federal Deposit Insurance Corporation (FDIC) dedicated a comprehensive section to…
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The Heartland Tri-State Bank is bankrupt but the FDIC has already stepped in to protect customer interests. Bitcoin prices remain stable
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A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB).Â
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A report from the FDIC has revealed that poor management was the primary cause of Signature Bank's failure, uncovering the key factor responsible for the bank's downfall.
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According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing "large deposits from the digital asset space" to determine if cryptocurrency played a role in Signature Bank's collapse.
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The fall of Signature Bank (SBNY) has been linked to a combination of executive mismanagement and insufficient intervention by federal regulators.
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Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities.
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FDIC has reportedly placed SVB funds, including those returned back by customers, under receivership
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Bitcoin soars above $27,000 for the first time since last June amid a banking crisis in the U.S. There was more discussion on Silicon Valley Bank and FDIC position
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After the pro-cryptocurrency Silvergate Bank was shut down, several industry insiders have speculated that the US government is actively targeting the cryptocurrency sector.
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The federal deposit insurance corporation (FDIC) has demanded that the prospective buyer of New York-based Signature Bank relinquish all cryptocurrency operations.
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