Summary: The Federal Deposit Insurance Corporation (FDIC) has identified “crypto-asset risk” as one of the five main risks that banks face today. The agency acknowledges the…
Silvergate Faces Significant Changes as CEO and Key Executives Prepare to Leave Silvergate, once known as a crypto-friendly bank, is undergoing significant changes as CEO Alan…
Silvergate Bank Faces Further Challenges as Executives Step Down Silvergate Bank, which recently faced a liquidity crisis, has now seen some of its top officials resign…
The FDIC is closely monitoring banks’ exposure to crypto assets The Federal Deposit Insurance Corporation (FDIC) is working with other federal authorities to closely watch how…
FDIC: Cryptos and Climate Top Risk List for Banks in 2023 The FDIC has identified cryptocurrencies and climate change as the top risks for banks in…
US Banks Facing ‘Significant Risk’ of Deposit Flight, Warns Moody’s The credit ratings agency Moody’s has issued a warning on the US banking system, stating that…
Bank of Russia is preparing for a digital ruble pilot test starting on August 15. 13 banks have confirmed their participation and completed technical preparations. The…
Summary: America’s biggest banks, including JPMorgan, Wells Fargo, and Bank of America, are preparing to pay $8.2 billion to the Federal Deposit Insurance Corporation (FDIC) to…
The U.S. Federal Reserve Publishes New Rules for Interacting with Stablecoins The U.S. Federal Reserve recently released a regulation letter outlining its new rules for state…
