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Tag: backstop

Signature Bank Sold, Crypto Business Ditched

The third biggest retail bank to fail in the United States, Signature, has been sold to Flagstar Bank, a wholly owned subsidiary of the New...

Central Banks Announce Expansion of Backstop Liquidity Amid Bank Collapses

The world’s key central banks have announced an expansion of backstop liquidity amid bank collapses. The Bank of England, Japan, Europe’s Central Bank, the...

Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a...

When Brigitte Macron Came to NFT Paris – Decrypt

I used to be one of many 18,000 folks to enter the Grand Palais Éphémère, an enormous domed exhibition corridor going through the Eiffel...

Moody warns of stablecoin adoption risk

In its latest report, Moody’s Investors Service has warned that the recent instability in the traditional banking sector could have a negative impact on...

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he...

This Week in Coins: Bitcoin, Ethereum Post Mega Rallies After Banking Intervention

After three consecutive weeks of losses, prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew...

‘All strapped in’: Luxury clients face whiplash as banking fallout unfolds

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to...

Weekly Market Wrap: Bitcoin rises above US$26,000, as ‘store of value’ narrative strengthens amid bank failures

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 36.06% in the week from March 10 to March 17, to trade at US$26,795 at...

Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks

Bitcoin rose in Friday morning trading in Asia to near the US$25,000 mark. Ether and the rest of the top 10 non-stablecoin cryptocurrencies also...

The DeFi industry take on the banking crisis

Despite the consensus (notwithstanding the opinions of a few of congress) that the closure of three banks within a week was a failure of...

Applying the lessons of the SVB and Signature Bank failures: Steps for boards and management

Article prepared by and republished courtesy of our colleagues Richard Marks, Kevin Criddle, Curtis Mo, and Jeffrey Lehrer; originally published here: https://www.dlapiper.com/en/insights/publications/2023/03/applying-the-lessons-of-the-svb-and-signature-bank-failures The failures of Silicon...

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