Banking


Opinion

A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else

The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren't so lucky.

Nigel Farage (Gage Skidmore/Wikimedia Commons)

Finance

Binance's Euro Banking Partner to Halt Support of the Crypto Exchange in September

The exchange recently announced retreats from the U.K., Netherlands and Cyprus.

Founder/CEO of Binance Changpeng Zhao, closeup

Policy

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.

Hong Kong (Unsplash)

Opinion

3 Giga-Brained Ideas From Consensus Day 2

Crypto shows that ideas can be valuable, even if they’re not useful … yet.

Consensus 2023 Highlights

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Finance

Bitpanda and Raiffeisen Unit Agree to Offer Crypto for Banking Customers

EU banks’ forays into crypto have been meek so far, but new laws are on the way.

Vienna, Austria

Finance

BNY Mellon CEO Says the Bank Is Going 'Incredibly Slow' on Crypto

Robin Vince said the lender won't be as aggressive as other banks have been in trying to gain crypto deposits.

(Spencer Platt/Getty Images)

Policy

Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.

Nellie Liang (Win McNamee/Getty Images)

Policy

Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Says

Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky

Pablo Hernandez de Cos (right) with the King of Spain (Samuel de Roman/Getty Images)

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Finance

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.

The FDIC completed a sale of most of Silicon Valley Bank's assets to First Citizens Bank. (George Rose/Getty Images)

Policy

EU Crypto Banking License Procedures Are Too Inconsistent, ECB Says

Most requests for licenses have come from banks in Germany.

European Central Bank building (Hans-Peter Merten/Getty Images)