banking


Policy

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

CEO Jeremy Allaire's Circle is part of the consortium behind USDC. (Danny Nelson/CoinDesk)

Policy

Silicon Valley Bank Depositors Will Have Access to 'All' Funds Monday, Say Federal Regulators

“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read.

Silicon Valley Bank headquarters (Justin Sullivan/Getty Images)

Policy

Crypto-Friendly Signature Bank Shut Down by State Regulators

Signature said it intended to limit its crypto exposure last year.

(SignatureNY.com, modified by CoinDesk)

Finance

Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors

The price of the largest cryptocurrency briefly rose back above $21,500 before giving back some gains.

(DALL-E/CoinDesk)

Policy

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source

Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse.

Rep. Maxine Waters (Alex Wong/Getty Images)

Tech

How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout

A deep dive into regulatory filings shows how Silvergate Bank's collapse was, in a strange way, the ideal scenario for a failing institution. Sure, shareholders got wiped out, but depositors are made whole and the Federal Deposit Insurance Corp. isn't putting in a dime.

Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)

Opinion

Why Financial Analysts Missed Silvergate’s Red Flags

There were numerous signs of the crypto bank’s problems, but none of the analysts following the company picked up on them. Angelo Calvello, of Rosetta Analytics, says that was partly down to their traditional investment mindset.

Silvergate CEO Alan Lane (Silvergate)

Finance

JPMorgan Is Cutting Ties With Crypto Exchange Gemini: Source

Coinbase said its banking relationship with JPMorgan remains intact.

Gemini co-owners Tyler (left) and Cameron Winklevoss (Joe Raedle/Getty Images)

Policy

Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg

FDIC examiners met with Silvergate management at its headquarters in California last week.

Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)