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US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
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US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture
A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.
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Apple Offers New High-Yield Deposit Account for US Card Customers With 4.15 Percent Interest Rate
Apple is seeking to attract US savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group amid increased competition among financial institutions for consumer dollars.
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US's New York Community Bank To Take Over Failed Signature Bank's Assets
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.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Silicon Valley Bank Collapse: What Happens To Customers' Deposits, Loans
The collapse of the Silicon Valley Bank, a key lender to US startups since the 1980s, has sent shockwaves in global markets. It is not only the largest bank failure since 2008, but also the second-largest failure ever for a retail bank in the US.
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Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts
Voyager Digital, the crypto lender that filed for bankruptcy last week, is facing a probe by the Federal Deposit Insurance Corporation (FDIC). The agency is probing the marketing of deposit accounts for cryptocurrency purchases, after customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy ...
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US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
-
US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture
A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.
-
Apple Offers New High-Yield Deposit Account for US Card Customers With 4.15 Percent Interest Rate
Apple is seeking to attract US savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group amid increased competition among financial institutions for consumer dollars.
-
US's New York Community Bank To Take Over Failed Signature Bank's Assets
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.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
Silicon Valley Bank Collapse: What Happens To Customers' Deposits, Loans
The collapse of the Silicon Valley Bank, a key lender to US startups since the 1980s, has sent shockwaves in global markets. It is not only the largest bank failure since 2008, but also the second-largest failure ever for a retail bank in the US.
-
Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts
Voyager Digital, the crypto lender that filed for bankruptcy last week, is facing a probe by the Federal Deposit Insurance Corporation (FDIC). The agency is probing the marketing of deposit accounts for cryptocurrency purchases, after customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy ...
