Large U.S. Banks Make Deposits Into First Republic Bank
Eleven of the largest U.S. banks place uninsured deposits worth $30 billion in First Republic Bank.
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FedNow Instant Payment System to Launch in July
The U.S. Federal Reserve has confirmed its long-awaited instant payments system FedNow, seen as an alternative to CBDCs and stablecoin payments, will launch in July
Crypto Platform Anchorage Cuts 20% of Workforce
Anchorage Digital Bank, a provider of digital asset storage services, announced the decision to reduce the workforce.
Binance.US Delists Tokens Helium
Binance.US, the American division of the cryptocurrency exchange of the same name, has decided to exclude the Helium (HNT) and JasmyCoin (JASMYY) tokens from its platform.
Moody’s Downgrades US Banking Sector
Moody’s Investors Service has revised the forecast for the activity of the American banking sector downwards.
Apollo Global Management Assembling Bid to Buy Silicon Valley Bank
Private investment company Apollo Global Management is asking to support its bid to buy a Silicon Valley bank.
FDIC Plans to Try Again to Sell Silicon Valley Bank
Another attempt to sell the Silicon Valley bank may be made in the near future.
US Department of Agriculture to put State Benefits on Mobile Phones in Five States
The U.S. Department of Agriculture (USDA) will provide citizens eligible for financial support under the Supplemental Nutrition Assistance Program (SNAP) in Illinois, Louisiana, Massachusetts, Missouri, and Oklahoma with the opportunity to receive benefits and make payments via NFC or QR code for relevant purchases on a mobile device.
Regulators Close Crypto-Focused Signature Bank
In the US, regulators have decided to close the New York-based Signature Bank, which is one of the largest lenders in the crypto industry.
Nissan Tries New Sales Avenues With Four Web3 Trademarks
Nissan enhanced its Web3 efforts with four new related trademarks filed in the US, while its Japan unit is currently experimenting with auto sales in the metaverse
First Republic Strengthens Liquidity With the Help of JPMorgan
First Republic Bank enhanced and diversified its financial position through additional liquidity from the Federal Reserve Bank and JPMorgan Chase
US Fed Establishes $25B Funding to Support Banks Amid Collapse
The United States Federal Reserve has launched a $25 billion funding program for banks and other depository firms to maintain liquidity as a wave of industry shutdowns has covered another bank
Biden Budget Proposes Crypto Mining Tax
A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process
NYDFS Secures $157.4 Million in Recoveries and Penalties in 2022
The New York State Department of Financial Services (DFS) secured $157.4 million in 2022.
Varo Bank Raising $50 Million at 28% Discount
Varo, an American neobank with the charter of the national bank, reported a capital raising of $50 million at a discount of 28% compared to its last estimate.
Senators Urge Regulators to Take Action on Zelle Fraud
In the Senate, Democrats, including Elizabeth Warren, issued an appeal to financial regulators to take actions aimed at curbing fraudulent activity, against the P2P payment service owned by Zelle Bank.
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