SILICON Valley Bank N.A’s new chief executive officer Tim Mayopoulos said in a letter to clients on Monday that the lender is open and conducting business as usual.
DIGITAL bank MariBank has launched to a small select individuals within the Sea ecosystem according to a source familiar with the matter. Previously only employees of Sea could open accounts with the bank from December 2022.
DIGITAL bank MariBank has launched to a small select individuals within the Sea ecosystem according to a source familiar with the matter. Previously only employees of Sea could open accounts with the bank from December 2022.
SIGNATURE Bank’s payments network — used by cryptocurrency firms looking to exchange fiat currency in real-time — is still online even after the lender was put into receivership.
CRYPTO market participants redeemed nearly US$1.74 billion of the stablecoin USD Coin on Monday (Mar 13), according to data compiled by researcher Nansen.
APOLLO Global Management expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week.
HACKERS on Monday stole almost US$200 million from a British company that specialises in lending to crypto projects, a security firm said, in the biggest such attack for months.
CUSTOMERS of under-pressure US banks said on Monday they were reassured after authorities stepped in to protect deposits, even as markets fretted about systemic contagion.
CUSTOMERS Bancorp, a regional lender that rode the crypto wave last year, fell 24 per cent on Monday amid a wider selloff of financial stocks stemming from the collapse of Silicon Valley Bank.
