banking sector

Circle (CRYPTO: USDC) deposited an unknown sum of cash in the now-defunct Silicon Valley Bank (NASDAQ: SIVB), which was one of the U.S.-regulated financial institutions responsible for holding the platform's reserves, as per a USDC Reserve Report. The report stated Circle had listed SVB, along...

By Jim McVeigh, founder and CEO, Cyndx With rising interest rates and an increasingly difficult economic environment, more and more companies are experiencing layoffs. The banking sector is no different with layoffs continuing to be announced at some of Wall Street’s biggest banks. At the...

U.S. Rep. Trey Hollingsworth (R-IN) has made more than 90 trades in the last three years. Since 2017, Hollingsworth has been a representative for Indiana's 9th Congressional District. During that time, he has been a member of the House Financial Services Committee, which...

It doesn’t happen a lot, but sometimes an industry telegraphs a rough earnings season ahead.  Arguably, we’re seeing that lately with the Financial sector, which continues to see fundamentals work against it in many ways heading into Q2 reporting time. Banks face a slowing economy...

Would the adoption of digital currency, such as Bitcoin, solve central banks' problems? Probably not, said Bloomberg View columnist Leonid Bershidsky. Central banks are mulling to get paper currency out of people's hands due to money laundering issues and negative rates. Bershidsky recalled that in...