Tag: FDIC
CFTC Files Complaint Against Voyager’s Former CEO Stephen Ehrlich Alleging Fraud and Registration Failures
By Cliff Histed, Cheryl Isaac, Eden Rohrer, and Josh Durham On 12 October, the Commodity Futures Trading Commission (CFTC) filed a complaint against Stephen Ehrlich, the former [more…]
Growing Regulatory Concerns Push US Bank Stocks Downward
The stocks of US banks stumbled today (Tuesday) amidst fears of stricter regulations and the possible additional downgrading of several lenders in the country. Specifically, the S&P [more…]
US Banking System Faces Crypto-Asset Risks, FDIC Warns in 2023 Review
The Federal Deposit Insurance Corporation (FDIC) has highlighted potential risks associated with crypto-assets to the U.S. financial framework. This insight emerged from the FDIC’s 2023 Risk Review, [more…]
FDIC Investigates Potential Violations of Federal Deposit Insurance Act by OKCoin USA Inc.
The Federal Deposit Insurance Corporation (FDIC) has initiated an investigation into OKCoin USA Inc. (OKCoin) and its senior executives for alleged false and misleading statements regarding the [more…]
US Officials Consider Expanding Deposit Insurance Coverage
US officials are reportedly studying ways to expand deposit insurance coverage to protect depositors and prevent capital from being pulled from smaller banks to supposedly safer-looking heavyweights. [more…]
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and [more…]
“Joint Statement on Crypto-Asset Risks to Banking Organizations” Will Significantly Impact Cryptocurrency Companies and Their Banking Relationships
By Grant F. Butler, Andrew M. Hinkes, Jeremy McLaughlin, Judie Rinearson The US Board of Governors of the Federal Reserve System (FRB), Office of the Comptroller of [more…]
FDIC Warns Banks on Crypto-Related Deposit Insurance Customer Confusion
By Grant F. Butler On July 29, the FDIC issued an advisory to FDIC-insured financial institutions regarding deposit insurance and dealings with cryptocurrency companies. The FDIC also [more…]
