Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank's U.K. arm.
Crypto firm Circle hit by Signature Bank closure
Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder ...
UPDATE 1-Bank of Japan buys 70.1 bln yen ETFs for first time in 3 months
The Bank of Japan bought 70.1 billion yen ($521.5 million) of exchange-traded funds (ETFs) on Monday, the central bank data showed, the first such purchase since Dec. 2, 2022. Japanese shares fell, ...
Silicon Valley Bank depositors will have access to ‘all of their money,’ regulators say in effort to stem wider fallout
After shutting down one of the tech industry’s top banks Friday, federal authorities took extraordinary steps to head off a broader financial crisis before markets reopen for Monday trading.
European bank stocks plunge again as SVB market turmoil continues
Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while U.S. large banks failed to hold onto a brief premarket rally ...
Japan stocks lower at close of trade; Nikkei 225 down 1.11%
Japan stocks were lower after the close on Monday, as losses in the Banking, Shipbuilding and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.11%. The best ...
Colt Data Centre Services (DCS) opens new Osaka Keihanna 45MW data centre
Colt Data Centre Services (Colt DCS), a global provider of hyperscale and large enterprise data centre solutions, has today announced the opening of a major Data Centre in Osaka Keihanna, Japan . This ...
Nasdaq IPO Execution
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Japan’s Nikkei drops as SVB collapse weighs on bank stocks; autos slump
Japan's Nikkei share average fell more than 1% on Monday, with banks leading losses as investors fretted over the potential fallout of Silicon Valley Bank's (SVB) collapse last week. Automakers also ...
Japan’s benchmark yield slides to 3-month low as SVB spooks investors
Japanese government bonds rallied on Monday, sending the benchmark 10-year yield to a nearly three-month low, as investors flocked to the safest assets amid jitters over the fallout from Silicon ...
Japan’s Matsuno: Don’t see big impact on Japanese financial companies from SVB fallout
Japan Chief Cabinet Secretary Hirokazu Matsuno said on Monday, they don't see big impact on Japan's financial companies from the SVB fallout. Key quotes “Japan’s financial ins ...
What the failures of Signature, SVB and Silvergate mean for the crypto sector
The failure of crypto-focused banks once again showed the vulnerability of stablecoins, which can lose their peg in unusual financial situations.
SVB Collapse Shows Fickleness of Crypto Money
The world’s second-biggest stablecoin got thrown off its peg because of the demise of a bank relatively unknown outside Silicon Valley.
Signature Bank Closure Deals Another Blow to Crypto Industry
The closure of Signature Bank, a lender that counted a number of crypto companies as customers, marks another major setback for digital assets as the industry becomes ever more cut off from the ...
Nikkei and other Asian markets sink on jitters after U.S. bank crisis
Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world.
Crypto Moguls Spark Wild Speculation They Could Buy Silicon Valley Bank Amid Bitcoin Price Chaos
Amid the mayhem, Changpeng "CZ" Zhao, the chief executive of the world's largest bitcoin and crypto exchange Binance, hinted that now could be the time to buy a bank while Tesla billionaire Elon Musk ...