banking
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Top 10 Finance/Banking Coins by Market Capitalization
#topcoins #banking #Altcoin #CryptoPMYoutube #dyor
#topcoins #banking #Altcoin #CryptoPMYoutube #dyor
⚡Banking Crisis Pushes Bitcoin's Market Valuation Past That Of Visa And JPMorgan.
#crypto2023 #banking #crisis
#crypto2023 #banking #crisis
Silicon Valley shareholders have filed a class action lawsuit against the banking administration for fraud.
#banking
#banking
⚡Nigel Green Claims Investors Are Rushing Bitcoin And Cryptocurrencies Amid The Global Banking Crisis.
#crypto2023 #bitcoin #banking
#crypto2023 #bitcoin #banking
Chinese banking giants seeking partnerships with #Bitcoin and crypto firms in Hong Kong after China mainland ban
#crypto2023 #banking #BTC
#crypto2023 #banking #BTC
🇺🇸 President Biden says the banking crisis is "not over yet."
#CreditSuisse #banking #crisis #Binance #crypto2023
#CreditSuisse #banking #crisis #Binance #crypto2023
New York Community Bancorp Shoulders Signature Bank’s $36 Billion Debt
Announcing the acquisition of the assets of Signature Bank, including its $36 billion in debt and subprime lending activities, is New York Community Bancorp. One of the largest purchases in the #banking industry in recent years, the deal is projected to be worth $38 billion.
New York Community Bancorp said in a statement that it will put a lot of effort into servicing subprime loans for clients of Signature Bank. The action is intended to boost the bank's position in the market for subprime loans, which has been expanding quickly in recent years.
The acquisition is anticipated to have a beneficial economic impact on New York City since it will increase local employment possibilities. The #FDIC has also said that, with the exception of digital bank accounts, #SignatureBank deposits would be accepted by subsidiaries of New York Community Bank.
John Smith, the CEO of New York Community Bank, expressed his joy about the purchase and said that it marks a significant turning point for the bank. He said,
“we are thrilled to announce the acquisition of Signature Bank’s assets, which will help us strengthen our position in the subprime lending market and expand our customer base.”
Customers of Signature Bank will gain from the purchase as they now have access to a greater choice of financial goods and services. The action is a component of New York Community Bancorp's plan to expand its operations and gain market share in the banking industry.
The transaction, which has received board approval from both New York Community Bancorp and Signature Bank, is anticipated to close before the end of the year. The two banks have guaranteed their clients that there won't be any interruptions in financial services throughout the transfer.
New York Community Bancorp said in a statement that it will put a lot of effort into servicing subprime loans for clients of Signature Bank. The action is intended to boost the bank's position in the market for subprime loans, which has been expanding quickly in recent years.
The acquisition is anticipated to have a beneficial economic impact on New York City since it will increase local employment possibilities. The #FDIC has also said that, with the exception of digital bank accounts, #SignatureBank deposits would be accepted by subsidiaries of New York Community Bank.
John Smith, the CEO of New York Community Bank, expressed his joy about the purchase and said that it marks a significant turning point for the bank. He said,
“we are thrilled to announce the acquisition of Signature Bank’s assets, which will help us strengthen our position in the subprime lending market and expand our customer base.”
Customers of Signature Bank will gain from the purchase as they now have access to a greater choice of financial goods and services. The action is a component of New York Community Bancorp's plan to expand its operations and gain market share in the banking industry.
The transaction, which has received board approval from both New York Community Bancorp and Signature Bank, is anticipated to close before the end of the year. The two banks have guaranteed their clients that there won't be any interruptions in financial services throughout the transfer.
Former CEO Admits To Misappropriating $47.1 Million For Cryptocurrency Purchase, Leading To Bank Collapse
According to Foresight News, Shan Hanes, the former CEO of Heartland Tri-State Bank in the United States, has admitted to misappropriating $47.1 million for personal cryptocurrency purchases, which led to the bank's collapse. From May to July 2023, Hanes made at least 10 wire transfers from the bank to his personal cryptocurrency account. He now faces up to 30 years in prison and will be sentenced on August 8, 2024.
Prior to this, the Kansas State Bank Commission had seized the bank, which was subsequently acquired by Dream First Bank. The case highlights the potential risks and consequences of misusing funds, particularly in the volatile cryptocurrency market. It also underscores the importance of regulatory oversight in the banking sector to prevent such incidents.#banking #Binance $BTC $ETH $BNB
According to Foresight News, Shan Hanes, the former CEO of Heartland Tri-State Bank in the United States, has admitted to misappropriating $47.1 million for personal cryptocurrency purchases, which led to the bank's collapse. From May to July 2023, Hanes made at least 10 wire transfers from the bank to his personal cryptocurrency account. He now faces up to 30 years in prison and will be sentenced on August 8, 2024.
Prior to this, the Kansas State Bank Commission had seized the bank, which was subsequently acquired by Dream First Bank. The case highlights the potential risks and consequences of misusing funds, particularly in the volatile cryptocurrency market. It also underscores the importance of regulatory oversight in the banking sector to prevent such incidents.#banking #Binance $BTC $ETH $BNB
Klaros Group Report warns of risks for the US Banking Sector. 🇺🇲🏦⚓
A recent report released by the Klaros Group, a consulting firm specializing in financial analysis, has shed light on alarming trends within the US banking landscape. Here’s a breakdown of the key findings:
The report identifies a staggering 282 US banks collectively holding $900 billion in assets that are teetering on the edge of instability.
These banks are grappling with a perilous combination of extensive exposure to commercial real estate and substantial unrealized losses on their balance sheets.
Klaros Group’s analysis delved into regulatory filings of over 4,000 banks, pinpointing those with commercial real estate loans exceeding 300% of their capital and unrealized losses pushing their capital levels below 4%.
With such a significant number of banks facing potential challenges, regulators are treading carefully to address the situation without triggering widespread panic.
While specific bank names were not disclosed, New York Community Bank (NYCB) has emerged as a notable entity on the list, having recently reported considerable losses and a notable outflow of deposits.
Among the 282 banks identified, 16 hold assets ranging from $10 billion to $100 billion, with the majority being smaller institutions with assets under $10 billion.
Investors are urged to exercise caution and conduct thorough due diligence before considering high-risk investments, particularly in cryptocurrencies and digital assets.
This report underscores the pressing challenges confronting the banking sector and emphasizes the critical importance of vigilance in monitoring financial stability. As uncertainties loom, stakeholders must remain proactive in navigating these turbulent times. Stay tuned for further updates as the situation unfolds.
#usa #dollar #KlarosGroup #banking #BTC
A recent report released by the Klaros Group, a consulting firm specializing in financial analysis, has shed light on alarming trends within the US banking landscape. Here’s a breakdown of the key findings:
The report identifies a staggering 282 US banks collectively holding $900 billion in assets that are teetering on the edge of instability.
These banks are grappling with a perilous combination of extensive exposure to commercial real estate and substantial unrealized losses on their balance sheets.
Klaros Group’s analysis delved into regulatory filings of over 4,000 banks, pinpointing those with commercial real estate loans exceeding 300% of their capital and unrealized losses pushing their capital levels below 4%.
With such a significant number of banks facing potential challenges, regulators are treading carefully to address the situation without triggering widespread panic.
While specific bank names were not disclosed, New York Community Bank (NYCB) has emerged as a notable entity on the list, having recently reported considerable losses and a notable outflow of deposits.
Among the 282 banks identified, 16 hold assets ranging from $10 billion to $100 billion, with the majority being smaller institutions with assets under $10 billion.
Investors are urged to exercise caution and conduct thorough due diligence before considering high-risk investments, particularly in cryptocurrencies and digital assets.
This report underscores the pressing challenges confronting the banking sector and emphasizes the critical importance of vigilance in monitoring financial stability. As uncertainties loom, stakeholders must remain proactive in navigating these turbulent times. Stay tuned for further updates as the situation unfolds.
#usa #dollar #KlarosGroup #banking #BTC
🚨 JUST IN: #Binance pilots the world’s first #cryptocurrency triparty #banking agreement to help institutional #investors manage counterparty exposure 💰
#BinanceNews
#BinanceNews
Taiwan's Crypto Industry Receives Official Clearance
Based on statements made by Huang Tien-mu during a hearing on global #banking stability, Taiwan's Financial Supervisory Commission (FSC) would soon regulate bitcoin with new legislation.
Bloomberg first reported the FSC's position as a regulator, citing legislative sources. Huang indicated that the sector's regulation will be a collaborative effort with the FSC to establish a set of norms, with the formation of an industry self-regulatory body being one of the first steps. However, sources indicate that the FSC will not regulate #NFTs for the time being because they are still a new asset class.
Wayne Huang, CEO of XREX, commented on this, stating that the FSC requires more time to produce adequate NFT classification criteria due to the extendability and composability of NFTs. The Central Bank of the Republic of #China is in charge of monetary policy and foreign exchange laws, while the FSC is in charge of banking, securities and futures, and anti-money laundering.
Wayne Huang, CEO of XREX, commented on this, adding that due to the extendability and composability of NFTs, the FSC requires additional time to create suitable NFT categorization criteria. The FSC is in responsible of banking, securities and futures, and anti-money laundering, whereas the Central Bank of the Republic of China is in charge of monetary policy and foreign exchange rules.
Bloomberg first reported the FSC's position as a regulator, citing legislative sources. Huang indicated that the sector's regulation will be a collaborative effort with the FSC to establish a set of norms, with the formation of an industry self-regulatory body being one of the first steps. However, sources indicate that the FSC will not regulate #NFTs for the time being because they are still a new asset class.
Wayne Huang, CEO of XREX, commented on this, stating that the FSC requires more time to produce adequate NFT classification criteria due to the extendability and composability of NFTs. The Central Bank of the Republic of #China is in charge of monetary policy and foreign exchange laws, while the FSC is in charge of banking, securities and futures, and anti-money laundering.
Wayne Huang, CEO of XREX, commented on this, adding that due to the extendability and composability of NFTs, the FSC requires additional time to create suitable NFT categorization criteria. The FSC is in responsible of banking, securities and futures, and anti-money laundering, whereas the Central Bank of the Republic of China is in charge of monetary policy and foreign exchange rules.