Generative Data Intelligence

Tag: Reserve system

GAO to Conduct Independent Investigation into Bank Failures

SNEAK PEEK The US Government Accountability Office (GAO) has announced an independent investigation into recent bank failures. The investigation will be conducted by external...

Crypto Advocacy Group Calls on Regulators to Address De-Banking of Crypto Firms

The recent failures of banks providing services to crypto firms in the United States have raised concerns in the crypto community about a perceived...

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the...

Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid Stablecoin Crisis

Decentralized exchanges (DEXs) have experienced a significant trading volume surge during the stablecoin crisis seen earlier in the week, which saw the value of...

US Fed to Create New Crypto Team amid Concerns About Unregulated Stablecoins

According to a Fed official, the US Federal Reserve will establish a “specialized team of specialists” to monitor changes in the...

Signature Bank Announces Availability of Materials for 2023 Annual Shareholders’ Meeting and Special Meeting of Holders of Series A Preferred Stock

NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq:SBNY), a New York-based, full-service commercial bank, announced today the Bank’s proxy materials for its 2023 Annual Meeting of Shareholders...

Signature Bank Issues Updated Financial Figures as of March 8, 2023; Reiterates Strong Financial Position and Limited Digital-Asset Related Deposit Balances in Wake of...

Signature Bank Announces Buyback of Common Shares NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today updated...

U.S. Lawmakers Argue SEC Accounting Policy Places Crypto Customers at Risk

The securities regulator’s crypto accounting standards have drawn criticism from two US legislators who claim they put clients at higher risk...

US lawmakers argue SEC accounting policy places crypto customers at risk

Two United States lawmakers have criticized crypto accounting guidelines outlined by the national securities regulator, arguing they places crypto customers at greater risk of...

The Fed Rejects Custodia Bank’s Membership Application

Custodia Bank, a bank that deals in cryptocurrencies, asked the United States Federal Reserve to reconsider its membership application to the Federal Reserve System....

Custodia Bank’s Membership Bid Rejected by US Fed Reserve

Custodia’s application did not meet legal requirements Cryptocurrencies incompatible with safe and sound banking practices Custodia seeks same regulation as traditional banks The...

The Fed is Hiring Digital Currency Developers: San Francisco

SNEAK PEEK: The Fed has started hiring CBDC software developers. The bank offers a starting salary that ranges from $110,300 to $176,300. 17 nations...

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