US Bank – DIGIT INFO

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

DIGIT — Mon, 20 Mar 2023 17:30:57 +0000

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares […]

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US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

DIGIT — Fri, 17 Mar 2023 14:00:46 +0000

After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into the beleaguered bank’s coffers to shore up liquidity. U.S. […]

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Mutual Bank in New Jersey to Give Customers the Ability to Buy, Sell and Hold Cryptocurrency

DIGIT — Tue, 21 Dec 2021 21:00:39 +0000

Manasquan Bank, a mutual community bank in New Jersey serving residents since 1874, has announced it is partnering with the company Bakkt to give its retail clients the ability to buy, sell and hold cryptocurrency through the bank’s mobile banking application. Manasquan Bank to Give Customers Access to Crypto A mutual community bank headquartered in […]

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US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients

DIGIT — Wed, 06 Oct 2021 01:00:31 +0000

US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund […]

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America’s Fifth-Largest Banking Institution US Bank to Offer Cryptocurrency Custody

DIGIT — Wed, 28 Apr 2021 12:00:55 +0000

On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s steps toward blockchain and cryptocurrency practices. US Bank to Offer […]

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Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments

DIGIT — Mon, 20 Apr 2020 21:30:09 +0000

For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan Chase, US Bank, and Capital One have […]

The post Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments appeared first on Bitcoin News.

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CFTC-Regulated Ledgerx Launches Interest-Bearing BTC Savings Platform

DIGIT — Wed, 08 Aug 2018 14:10:14 +0000

This week the firm Ledgerx announced the soft launch of its ‘Ledgersavings’ platform, a new service that allows users to deposit bitcoin core (BTC) and accrue interest on the deposit over a variety of maturation periods. The CFTC-regulated company explains the new savings program will allow clients to gain an annualized return of roughly 16 percent, even […]

The post CFTC-Regulated Ledgerx Launches Interest-Bearing BTC Savings Platform appeared first on Bitcoin News.

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