PacWest Bancorp's last resort: to beg its youngest son? Yes, because the company never recovered from its crisis. After a massive outflow of depositors, things got so bad that it agreed to a merger with a smaller lender, Banc of California.
Has Elon Musk's rebranding of Twitter really set the blue bird free? Or has he simply killed it? Since the takeover of the social network in October 2022, things have been going badly. But the new boss has just demonstrated that he has more than one trick up his sleeve. In addition to replacing Twitter with X.com, Musk also intends to take over half the world's financial system.
The Ripple VS SEC case has undeniably left its mark on the crypto market. The case has taken a new twist, with Judge Analisa Torres ruling in favor of the crypto company. Even if this is only a partial victory, Ripple intends to take advantage of this opportunity to broaden the prospects for XRP adoption.
SEC attacks are wreaking havoc on the crypto sector, and companies are not exempt. Revolut recently made an exit that is unlikely to please all its customers, as they will soon no longer be able to trade certain tokens. So, goodbye to Solana (SOL), Polygon (MATIC) and Cardano (ADA)?
Making European banks more resistant to crises and less permeable to unsecured cryptocurrencies was the aim of lawmakers from the 27-nation bloc meeting today. At the same time, an agreement was reached in favor of reforms to banking regulations.
EU lawmakers have always stated their desire to control banks' dealings with cryptocurrencies. They have now taken a giant step towards achieving this goal. EU MEPs have reached agreement on the capital requirements for crypto-banks. The latter must therefore comply with the new measures in force.
Will the United States default on its debt? Sooner than we think. But to whom? China, Russia…
Fantom (FTM) is launching its own cryptocurrency bank, according to co-founder Andre Cronje. The aim is to offer financial services tailored to the crypto market. Fantom's bank will enable users to store, exchange, and spend cryptocurrencies, as well as offering other traditional banking benefits.
Through its crypto-dedicated subsidiary SG-Forge, La Société Générale is increasingly anchoring itself in the European crypto ecosystem. In recent months, the French multinational bank has been multiplying its initiatives to integrate cryptos into its traditional service offering.