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Tag: National Bank

South Africa’s real-time low value payments platform launches

South Africa in beginning the roll out of Payshap, a low value, interbank, real-time digital payments service aimed at increasing financial inclusion to...

Reminder: Credit Suisse Guilty of Tax Fraud and Subprime Mortgage Fraud, Accused of Aiding Clients Engaged in Torture, Drug Trafficking, and Money Laundering

As the Swiss government launches a potential rescue operation for troubled banking giant Credit Suisse, it’s worth remembering the massive levels of fraud the...

Credit Suisse latest bank to tank

Credit Suisse shares plummeted more than 20% at market open from the news that Saudi National Bank will not provide more funding to Credit...

Mid-Market Update: Stocks fall as banking worries persist, Credit Suisse crisis, Euro plunges, Oil crashes through $70, Gold demand surges, Bitcoin softer

US stocks are dropping as Wall Street anticipates further global banking turmoil after Credit Suisse fails to secure additional capital and their CDS...

British pound sinks on banking sector fears

The British pound has taken a nasty tumble on Wednesday. In the North American session, GBP/USD is trading at 1.202, down 1.1% on...

The Silicon Valley Bank Collapse, Contagion, and Containment

The collapse of Silicon Valley Bank (SVB) has sent shockwaves throughout the global economy. SVB was the parent bank that focused on tech startups,...

SVB Meltdown: What It Means for Cybersecurity Startups’ Access to Capital

Last week's stunning collapse of Silicon Valley Bank (SVB) could put a damper on the ability of venture-backed cybersecurity startups to secure vital capital...

Binance Swaps BUSD Stablecoin From ‘Recovery Fund’ to Bitcoin, Ethereum, BNB

Binance, the world’s largest crypto exchange by trading volume, responded to the latest drama around the USDC stablecoin by converting the remainder of its...

Morgan Creek Capital Pleads Government to Bail SVB; Says Analyst

Mr. Whale tweeted that Morgan Creek Capital was a large depositor at SBV. The tweeter added that Anthony Pompliano has been urging the government...

Top 10 Fintech News Stories for the Week Ending March 11, 2023

What a stunning week of news this was. If I had told you last weekend that Silicon Valley Bank would be out of business...

Silvergate: A postmortem

IntroductionSilvergate bank announced it would begin winding down operations and undergo voluntary liquidation.On March 8, the bank said it was exploring how it could...

US: Regulators shut down Silicon Valley Bank

Share: The California Department of Financial Protection and Innovation closed Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as...

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