Signature Bank – DIGIT INFO

Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter

DIGIT — Thu, 26 Sep 2024 05:03:02 +0000

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.

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Tether adds Bahamas-based private bank Britannia as partner: Report

DIGIT — Tue, 29 Aug 2023 22:56:21 +0000

Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

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Warren’s alleged work with short-seller shows anti-crypto army heating up

DIGIT — Sat, 03 Jun 2023 22:15:08 +0000

Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks.

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Stablecoins are a critical countermeasure to Operation Chokepoint

DIGIT — Fri, 02 Jun 2023 17:24:17 +0000

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

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Former House Rep blames industry outsiders for associating crypto with bank’s failure

DIGIT — Wed, 31 May 2023 17:30:00 +0000

According to Barney Frank, Signature Bank’s only issue prior to regulators seizing control in March was “crypto-fear inaccurate withdrawals.”

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Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

DIGIT — Sun, 07 May 2023 20:34:56 +0000

Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in mid-March for bailing out Silicon Valley Bank and Signature Bank, emphasizing […]

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US regional bank shares sink despite Fed calling banking system ‘sound’

DIGIT — Thu, 04 May 2023 06:09:56 +0000

PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.

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JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

DIGIT — Mon, 01 May 2023 12:35:28 +0000

On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid […]

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Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

DIGIT — Sat, 29 Apr 2023 19:04:59 +0000

On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report on Signature Bank’s collapse and […]

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Fed, NYDFS assess their supervisory performance after March’s big bank failures

DIGIT — Fri, 28 Apr 2023 21:50:00 +0000

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

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