Signature Bank

Treasury Secretary Janet Yellen warned Thursday that financial regulations may have become too loose, potentially putting the U.S. financial system at risk. What Happened: Speaking at the National Association for Business Economics 39th Annual Economic Policy Conference, Yellen highlighted the...

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution. Recent events, such as the collapse of Signature Bank and SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank have raised questions about...

Signature Bank's digital-assets business will not be acquired by a unit of New York Community Bancorp as previously anticipated. Customers' crypto-related deposits, amounting to approximately $4 billion, will be returned to them directly, according to a deal announced by the Federal Deposit...

The Federal Deposit Insurance Corporation said a wholly owned subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) has entered into a purchase and assumption agreement to buy deposits and certain loan portfolios of Signature Bridge Bank. Last week, the FDIC said it transferred all deposits...

As the banking crisis in the U.S. unfolded, triggered fears of contagion, and forced the government to stepped in, many on Wall Street were vocal with their opinions. Warren Buffett, one of the biggest all-time investors, however, appeared absent from the conversation.  Now, it...

Even as the banking industry continues to witness uncertainties in the wake of the SVB Financial Group's (NASDAQ:SIVB) Silicon Valley Bank and New York-based Signature Bank closures as well as troubles at Swiss lender Credit Suisse Group AG (NYSE:CS), California-based Farmers And Merchants Bank of...

A second bank has folded, and the tension is increasing in the U.S. banking industry.  It’s also stunned the commercial real estate (CRE) industry, not only with soon-to-be-vacant bank properties but because of the loans held by the defaulting banks. First, California regulators closed...

Stablecoin USD Coin (CRYPTO: USDC), issued by Circle, is gradually returning to its $1 peg, after a tumultuous weekend, after CEO Jeremy Allaire confirmed that Circle's reserves are secure and the firm has found new banking partners who will be operational on Monday. USDC's value has risen...

U.S. regulators have taken decisive action to safeguard the country's banking system by shutting down New York-based Signature Bank (NYSE: SBNY), becoming the third financial institution to be shuttered after the collapse of Silicon Valley Bank (NASDAQ: SIVB), and Silvergate Capital Corp (NYSE...

The recent collapse of cryptocurrency bank Silvergate Capital Corp (NYSE: SI) and the termination of the Silvergate Exchange Network (SEN) will be a challenging issue for the cryptocurrency industry, according to a report by JPMorgan Chase.  Silvergate served as a gateway for more than 1,...

With the collapse of both the Silvergate Exchange Network (NYSE: SI) and FTX (CRYPTO: FTT), stablecoins are expected to become even more ubiquitous as traders deposit their dollars with stablecoin issuers and transfer them to exchanges. SEN was widely used by exchanges, market makers, and investors...

Cryptocurrency exchange Binance on Monday announced a temporary suspension of U.S. dollar deposits and withdrawals using bank accounts. The suspension is set to begin on Wednesday, and the exact reason for this change was not disclosed. Notably, bank transfers using other fiat currencies such...

U.S. stocks recovered most of Wednesday's losses after Fed Chief Janet Yellen spooked the markets a bit by hinting a rate hike could occur as soon as six months after the central bank terminates its quantitative-easing program. Investors found positives in several economic reports released...

U.S. stocks were mixed despite the S&P 500 hitting new all time highs of 1,867.92. Rumors surrounding Russian military involvement in Ukraine naturally presented investor concerns and fear in the market. The market was boosted by a positive consumer sentiment and a steady existing-home...