Silicon Valley Bank

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That Binance Suit Sure Seems Bigger Than Just a CFTC Case

The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.

By Nikhilesh De

Mar 29, 2023 at 8:09 p.m. UTC

Mar 29, 2023

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Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance

Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.

By Jesse Hamilton

Mar 29, 2023 at 7:19 p.m. UTC

Mar 29, 2023

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Morning commute at modern business district in Tokyo, Japan

The Short-Sightedness of Run-Amok Regulators

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

By Ric Edelman

Mar 29, 2023 at 4:44 p.m. UTC

Mar 29, 2023

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Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank and Silvergate Bank.

By Jesse Hamilton

Mar 27, 2023 at 6:46 p.m. UTC

Mar 27, 2023

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First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank

The latest price moves in crypto markets in context for March 27, 2023.

By Lyllah Ledesma

Mar 27, 2023 at 12:20 p.m. UTC

Mar 27, 2023

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Federal Deposit Insurance Corporation (FDIC) (George Rose/Getty Images)

First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits

The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.

By Sam Reynolds

Mar 27, 2023 at 6:20 a.m. UTC

Mar 27, 2023

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First Citizens to Buy Silicon Valley Bank: Bloomberg

SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.

By Sam Reynolds

Mar 27, 2023 at 5:37 a.m. UTC

Mar 27, 2023

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Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

By Michael J. Casey

Mar 24, 2023 at 5:13 p.m. UTC

Mar 24, 2023

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Finance

Opinion

Crypto Is the Solution to Bank Runs, Not the Cause

Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.

By Adam Blumberg

Mar 23, 2023 at 12:45 p.m. UTC

Mar 23, 2023

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Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)

Policy

Svb financial

SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert

The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.

By Fran Velasquez

Mar 22, 2023 at 6:59 p.m. UTC

Mar 22, 2023

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