Latest News for: Bank assets

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FDIC should not sell Silicon Valley Bank assets to Apollo, as long as Apollo’s Athene ...

Business Wire 21 Mar 2023
WASHINGTON--(BUSINESS WIRE)--Since Apollo may be a creditor in SVB Financial's bankruptcy case, UFCW is urging FDIC not to sell Silicon Valley Bank assets to Apollo at a discount ... .
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New York-based Flagstar Bank acquires partial assets of Signature Bridge Bank

People Daily 21 Mar 2023
has acquired partial assets of Signature Bridge Bank N.A ... Flagstar Bank purchased commercial and industrial loans from Signature Bridge Bank, excluding any digital asset banking, crypto-related assets or deposits as well as loans and deposits related to the fund banking business.
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Inadequate capital and unrestricted executive compensation took down SVB  

The Hill 21 Mar 2023
First, bank capital should be calibrated to the ratio of tangible common equity to total assets (i.e., to total assets independent of risk) not the risk-weighted capital approach that is at the core of Europe’s Basel Committee for Banking Supervision’s regulatory standards.
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Credit Suisse, UBS deal: Everything you need to know

Indian Express 21 Mar 2023
* Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if concentration was a concern ... MARKET REACTION * Europe's bank shares fought back from an early slump on Monday and a cross-asset scramble for safety looked to have eased.
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Central Bank saw 'significant number' of enquiries from crypto firms last year

RTE 21 Mar 2023
The Central Bank says it received a "significant number" of enquiries last year via its Innovation Hub from firms in the blockchain, crypto or digital asset sector ... "In particular, there was an increase in the number of enquiries from large, established crypto asset service providers," the Central Bank said in its Innovation Hub 2022 update.
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Janet Yellen is selling bank crisis short as execs fear dozens more teeter on brink

New York Post 21 Mar 2023
Look up any list of the biggest banks by assets, minus the top five or so, and we’re talking trillions in assets that could be wiped out even if the big banks remain solid ... belly-up) but certainly in size given the greater concentration of bank assets today in fewer institutions.
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Cryptoverse: Bitcoin passes the bank stress test

Indian Express 21 Mar 2023
'If you were going to describe an environment where there were successive bank runs because central banks are trying to fight inflation with fast rate increases, that is pretty close to as spot-on a thesis for owning bitcoin as you've ever heard,' said St\u00e9phane Ouellette, CEO at digital asset investment platform FRNT Financial.
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Public pension plan losses from bank failures seen as minor

Fox31 Denver 21 Mar 2023
banks failed this month, among the investors who lost millions were public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers ... In every case, the banks' stocks represented no more than a few dollars out of every $10,000 in assets in the fund ... banks.
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Public pension plan losses from bank failures were minor

Federal News Radio 21 Mar 2023
banks failed this month, the investors who lost millions included public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers ... In every case, the bank stocks represented no more than a few dollars out of every $10,000 in assets in the fund ... banks.
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Janet Yellen is selling Bank Crisis Short

The Liberty Beacon 21 Mar 2023
... and mid-sized banks in the neighborhood of $15 billion to $200 billion in assets that are ripe for failure ... Look up any list of the biggest banks by assets, minus the top five or so, and we’re talking trillions in assets that could be wiped out even if the big banks remain solid.
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Banking crisis: Hoskinson blames money printing, fractional reserve banking – not crypto

Cryptoslate 21 Mar 2023
Charles Hoskinson dismissed the notion that crypto triggered the banking crisis — turning the claim on its head and stating that digital assets are the “escape valve.” ... The Bank Term Funding Program (BTFP) will provide financial institutions with additional liquidity via loans to the par value of assets held.
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Crypto firms still engaging with Central Bank despite downturn

The Irish Times 21 Mar 2023
The Central Bank noted an increase in the number of queries from “large, established crypto asset service providers” in 2022 ... The Central Bank noted an increase in the number of queries from “large, established crypto asset service providers” in 2022 ... My Covid loan repayment break is being held against me by the bank.
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This crisis defines the “future of money”[Opinion]| coindesk JAPAN | Coindesk Japan

OBN 21 Mar 2023
However, in reality, the relationship between Silicon Valley Bank and crypto assets was extremely small ... The New York Department of Financial Services (NYDFS) said the signature bank closure had nothing to do with crypto assets and was caused by a “crisis of trust” in management, but the supposedly solvent bank closed.
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'First tier' PH banks seen 'managing fine'

The Manila Times 21 Mar 2023
"Asset quality remains weaker at the second-tier banks with gross NPL (non-performing loan) ratios still fairly high, and the lower credit costs for some were aided by significant writebacks which are unlikely to be repeated in FY23 (fiscal year 2023)," CreditSights added.
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FDIC Set To Sell Crypto-Friendly Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking Branch ...

The Daily Hodl 21 Mar 2023
The terms, however, do not include Signature’s approximately $4 billion of deposits related to its digital-assets banking business ... The state regulator appointed the FDIC to run a “bridge bank” holding all of Signature’s assets until the financial institution could be sold off.

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Chinese President Xi Jinping gestures while speaking to Russian President Vladimir Putin during their meeting at the Kremlin in Moscow, Russia, Monday, March 20, 2023.
AP / Sergei Karpukhin, Sputnik, Kremlin Pool Photo via AP
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