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Institutional FX

SVB Financial Group Sues FIDC for Access to $1.93 Billion

  • The funds were seized when the FIDC took over the failed banking subsidiary.
  • The lawsuit questioned the authority of the regulator to hold the funds.
by Arnab Shome
Institutional FX

Leerink Sold His Business for $280m to SVB, Now Buys It Back

  • After the SVB's collapse, Leerink repurchases his business.
  • The executive team and the Baupost Group supported the transaction.
by Damian Chmiel
Institutional FX

SVB Financial Group Sells Securities Division to Its Current Chief Executive

  • Another part of the fallen SVB will be successfully acquired.
  • The new entity will be rebranded to Leerink Partners.
by Damian Chmiel
Institutional FX

From the Ashes of SVB UK, HSBC Gives Birth to New Innovation Banking Unit

  • HSBC UK bought former SVB UK, establishing specialized innovation teams in the US, HK, and Israel.
  • HSBC Innovation Banking is aimed at expanding the reach of its global innovation economy.
by Damian Chmiel
Institutional FX

G20 Launches Inquiry into SVB and Credit Suisse amidst Global Banking Crisis

  • G20 to scrutinize SVB and Credit Suisse amidst the recent banking crisis.
  • In the meantime, HSBC renames SVB in the UK.
by Damian Chmiel
Institutional FX

First Republic Bank Lost $100 Billion in 3 Months, Shares Drop 50%

  • A month after the first shock, the bank is in trouble again.
  • The quarterly report caused panic and cut the value of its shares in half.
by Damian Chmiel
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Amid the Failures, Who Is Providing Banking Services to Crypto?

  • Banking is available to crypto companies but there are concerns about long-term solutions.
  • There are reports of founders and CEOs allocating to BTC as banking instability continues.
by Sam White
Institutional FX

Silicon Valley Bank Rescued by First Citizens in FDIC-Approved Deal

  • First Citizens Bank acquired failed SVB, stabilizing its operations and calming market concerns.
  • FDIC-approved takeover sees First Citizens Bank assume control of Silicon Valley Bank's loans and deposits.
by Damian Chmiel
Institutional FX

Silicon Valley Bank Is Back in Germany after Creating New Subsidiary

  • The original Silicon Valley Bank transferred all its assets to Silicon Valley Bridge Bank N.A.
  • It allowed SVB to register a new German subsidiary and obtain BaFin authorization.
by Damian Chmiel
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Is There an Operation to Bring Down Crypto?

  • There are theories that the crypto industry is being targeted in an anti-crypto operation.
  • Theories around anti-crypto hostility overlook problems within the crypto industry itself.
by Sam White
Retail FX

Robinhood Clients Report Difficulty Cashing Out Profits from Trades against SVB

  • Robinhood's CEO Vlad Tenev commented on the recent issue and promised to "resolve it ASAP."
  • The issue is reminiscent of 2021 and the 'meme stocks' mania.
by Damian Chmiel
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Bank Failures Leave US Crypto Businesses in the Cold

  • Digital currency firms are effectively ‘unbankable’.
  • Concerns over the direction of crypto sector regulation deepen.
by Paul Golden
Retail FX

Retail Investors Calm after SVB Collapse, Spectrum Markets’ SERIX, Finds

  • The findings are based on sentiment towards NASDAQ 100 and S&P 500.
  • In the US, bank stock prices tumbled on Monday but rebounded the following day.
by Solomon Oladipupo
Institutional FX

US Fed Considers Tightening Mid-Sized Banks' Scrutiny amid SVB Collapse

  • The US lawmakers deregulated mid-sized banks in 2018.
  • Experts point out that SVB collapse could be avoided with those regulations in place.
by Arnab Shome
Institutional FX

Credit Suisse Shares Hit Record-Low Once Again and Sparks New Bank Sell-Off

  • Credit Suisse shares hit a record low for the fifth consecutive trading day.
  • It sparked a new sell-off in the European banks.
by Damian Chmiel
Institutional FX

SVB Financial Executives' Share Sales under Scrutiny in Ongoing SEC and DoJ Probes

  • DoJ and SEC join Fed in examining the SVB's crisis.
  • Investigations include reviewing SVB Financial executives' shares sales before the collapse.
by Damian Chmiel
Institutional FX

US Fed Announces Internal Investigation after Silicon Valley Bank Collapse

  • Fed Board wants to examine if SVB was adequately supervised and regulated.
  • The bank's collapse led to broad stock market sell-offs, including a 60% slump in First Republic Bank shares.
by Damian Chmiel
Interviews
Interviews
Retail FX
Interviews
Interviews

Exclusive: GCEX’s Holst Talks Signature Bank Fallout

  • Holst explains why Signature Bank shutting down comes as a surprise.
  • The GCEX Founder sees SVB or Signature Bank successors' emerging from the UAE.
by Solomon Oladipupo
FinTech

SVB’s Collapse Casts Shadow on Bank Shares as First Republic Bank Slumps over 60%

  • Western Alliance dropped by 64% and KeyCorp by 37%, among others.
  • However, First Republic Bank says it remains strong.
by Solomon Oladipupo
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

Shock and Awe in Cryptoland

  • Silicon Valley Bank's collapse followed by Signature bank's closure increased speculation about hostility towards crypto.
  • Social media is accelerating reactions to unfolding events in crypto and finance.
by Sam White
Retail FX

BaFin Takes Action against Silicon Valley Bank Germany Branch

  • BaFin issues regulatory updates regarding the German branch of Silicon Valley Bank.
  • The supervisor decided to ban the institution's further operations temporarily.
by Damian Chmiel
Institutional FX

Holst Declares 'No Impact' amid GCEX's 'Limited' Signature Bank Exposure

  • However, GCEX does not have any exposure to SVB and Silvergate Bank.
  • It is the first FX/CFDs company to disclose exposure to any of the collapsed banks.
by Arnab Shome
Institutional FX

Credit Suisse Shares Hit All-Time Low Following Silicon Valley Bank Collapse

  • Big banks' shares are falling after the SVB collapse, confirmed on 10 March 2023.
  • Swiss lender's stock price touched a new record low on Monday morning.
by Damian Chmiel
Institutional FX

UK's Silicon Valley Bank Sold for Just One Pound to HSBC

  • After SVB collapsed in the US, HSBC acquired the British part of the business.
  • SVB UK remains authorized by the PRA and the FCA.
by Damian Chmiel
CryptoCurrency

SVB Crisis: Circle Escapes USDC Depeg with Regulatory Assurance

  • Circle held $3.3 billion or 8 percent of its USDC reserves at Silicon Valley Bank.
  • The US federal regulators assured that the government would protect all SVB depositors.
by Arnab Shome
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