banks

banks

Markets

Signature Bank Stock Down 12% in Volatile Action as Sell-Off Continues

The broader banking sector is down another 4% on Friday.

(SignatureNY.com, modified by CoinDesk)

Policy

Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge

A crackdown on digital-assets companies is reminiscent of a campaign targeting gun sales, Federal Reserve Chairman Jerome Powell was told.

Sen. Bill Hagerty (Scott Olson/Getty Images)

Finance

Finance Headed Toward Bank-Free, Decentralized Future: Bernstein

Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, a report from the firm said.

(Hugh R Hastings/Getty Images)

Opinion

4 Potential Winners of the Silvergate Unwind

The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial-services providers.

Is there a silver lining to the fall of Silvergate? (Pawel Czerwinski/Unsplash)

Policy

White House Is 'Aware of' Silvergate Situation, Spokeswoman Says

Press secretary Karine Jean-Pierre said the administration is watching Silvergate's situation and likened it to other crypto companies that have had issues recently.

White House press secretary Karine Jean-Pierre (Win McNamee/Getty Images)

Policy

Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.

(Nikhilesh De/CoinDesk)

Opinion

Before Silvergate and After Silvergate

The once critically important part of the crypto economy disclosed ugly projections.

Silvergate CEO Alan Lane (Silvergate)

Finance

Three Japanese Banks Start Stablecoin Experiment

The institutions involved are Tokyo Kiraboshi Financial Group, Minna no Bank and The Shikoku Bank.

Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)

Policy

Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS

The Basel Committee on Banking Supervision endorsed in December rules that a bank's exposure to certain cryptocurrencies must not exceed 2%.

Agustin Carstens, directivo del BIS. (Stephen Jaffe/Getty Images)

Policy

UK Banking Regulator to Propose Rules on Issuing, Holding Crypto

The U.K. government recently released a consultation on regulating the industry and a potential central bank digital currency.

British Flag (Unsplash)