US lawmakers renew request for answers from Silvergate on FTX: Report
Silvergate reportedly cited restrictions on disclosing “confidential supervisory information” related to the collapse of FTX in response to a similar December 2022 letter.
Category Archives: Banks
Fed denies Custodia Bank application to join the Federal Reserve System
The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.
U.S. home-loan banks lent billions of dollars to crypto banks: Report
Signature Bank and Silvergate reportedly borrowed over $13 billion from the federal home loan system.
FTX-linked Moonstone bank to exit the crypto space
Following the collapse of FTX, the company has decided to rebrand and exit the crypto space.
Japanese regulators want crypto treated like traditional banks
Mamoru Yanase said crypto needs the same safeguards as financial institutions and banks.
Bank of Thailand to allow first virtual banks by 2025
By allowing virtual banks, Thailand seeks to boost competition and economic growth.
What is institutional DeFi and how can banks benefit?
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies.
US federal agencies release joint statement on crypto asset risks and safe practices
The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks.
Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession
Recent research from major financial institutions tied to the Federal Reserve sees the U.S. facing a “shallow” or “mild” recession in 2023.
Crypto is a nonexistent asset for big institutional investors – JPMorgan exec
The asset class volatility still poses a challenge to money managers, noted JPMorgan's head of institutional portfolio strategy.
