US Banking – DIGIT INFO

Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

DIGIT — Fri, 03 May 2024 18:34:15 +0000

Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]

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‘Surgical removal’ of crypto will only weaken USD dominance, commentators say

DIGIT — Fri, 24 Mar 2023 04:19:58 +0000

A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America’s crypto future.

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US Fed announces $25B in funding to backstop banks

DIGIT — Mon, 13 Mar 2023 00:05:03 +0000

The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues.

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Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

DIGIT — Sun, 12 Mar 2023 20:30:09 +0000

After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why […]

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US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

DIGIT — Fri, 10 Mar 2023 18:10:32 +0000

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for […]

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