Silicon Valley Bank

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 fr...

By Ric Edelman

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

Mar 29, 2023

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Video

Fdic

FDIC Chairman Testifies on SVB, Signature Bank Failures

Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg testifies before the Senate Banking Committee on the failures of Signature Bank and Silicon Valley Bank.

By CoinDesk Inc

Mar 28, 2023 at 5:05 p.m. UTC

Mar 28, 2023

FDICFederal Deposit Insurance CorporationSenate Banking CommitteeSignature BankSilicon Valley BankMartin gruenberg

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (Alex Wong/Getty Images)

Policy

Regulations

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...

By Jesse Hamilton

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

Mar 27, 2023

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Video

Cftc

Former CFTC Chairman Giancarlo on U.S. Crypto Regulation, CBDCs

J. Christopher Giancarlo, Willkie Farr & Gallagher Senior Counsel and former CFTC Chairman, discusses the state of U.S. crypto regulation, as a deal has been finalized for wha...

By CoinDesk Staff

Mar 27, 2023 at 3:35 p.m. UTC

Mar 27, 2023

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First Citizens to Purchase Much of Silicon Valley Bank

Video

Nikhilesh de

First Citizens to Purchase Much of Silicon Valley Bank

The Federal Deposit Insurance Corp. (FDIC) announced late Sunday U.S. time that it had finalized a deal with Raleigh, N.C.-based First Citizens Bank to acquire the deposits an...

By CoinDesk Staff

Mar 27, 2023 at 3:25 p.m. UTC

Mar 27, 2023

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Much of Silicon Valley Bank is being acquired by First Citizens Bank. (CoinDesk archives)

Markets

First mover

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

First MoverMarketsBitcoinSilicon Valley BankCathie Wood

Finance

Silicon valley bank

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

Silicon Valley BankFDICacquisitionBanking

Finance

Silicon valley bank

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

Silicon Valley BankSvb financialSvbacquisitionFDIC

Consensus Magazine

Opinion

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...

By Michael J. Casey

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

Mar 24, 2023