Fintech threat to big banks eased in 2022 as prices rose – report
Feb 15 (Reuters) – The competitive threat from financial technology companies to big banks eased over the past year as rising interest rates constrained funding, a...
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Crypto stocks plummet after Silvergate decides to shut down
March 9 (Reuters) – Shares in crypto-focused companies fell on Thursday after Silvergate Capital Corp ( SI.N ) revealed plans to wind down operations and voluntarily...
Instant View: Silvergate’s planned liquidation fuels another crypto rout
March 9 (Reuters) – Silvergate Capital Corp ( SI.N ), one of the largest banks in the cryptocurrency industry, said on Wednesday it plans to wind...
Silvergate’s deepening crisis sends crypto stocks tumbling
Silvergate shares close 6.4% lower Bank suspends crypto payment network Fallout pulls down several crypto stocks March 6 (Reuters) – Shares in Silvergate Capital Corp (...
UK’s first crypto regulations setting “robust” standards
LONDON, Jan 31 (Reuters) – Britain’s Treasury is planning “robust” regulations for cryptoassets, following the collapse of crypto exchange FTX last year, which left millions of...
The EU calls for quick rules on crypto capital for banks
LONDON, Feb 20 (Reuters) – Tough capital rules for banks holding cryptoassets must be followed up in the EU’s pending banking law if Europe is to...
New York’s financial regulator is targeting companies that mix crypto funds
Jan 23 (Reuters) – New York’s financial regulator will on Monday issue new guidance dictating that companies separate clients’ crypto assets from their own, after alleged...
How Ant fell into fintech’s middle-income trap
HONG KONG, Feb 9 (Reuters Breakingviews) – It has been almost a decade since the company now known as Ant turned China’s clumsy financial system on...
US banking regulator warns against crisis risk from fintech proliferation
NEW YORK, Sept 7 (Reuters) – The rise of fintech services and digital banking could spur financial risk and potentially a crisis in the long term,...
Analysis: US banks pounce on fintech deals as valuations plunge
NEW YORK, Nov 17 (Reuters) – Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co ( JPM.N ), are...