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California Department of Financial Protection and Innovation

SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse

SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before CollapseAfter the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s executives for making trades using confidential information. Although the sources have not named any specific […]

Crypto community hopeful about new Senate leader John Thune

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent CompanyAfter U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in […]

Crypto community hopeful about new Senate leader John Thune

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington MutualAfter Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for […]

Crypto community hopeful about new Senate leader John Thune