Crypto Scours the Globe for Banks to Replace Collapsed US Lenders

(Bloomberg) -- Crypto hedge fund executive Marco Lim spent Monday racing to open bank accounts in Hong Kong after the sudden collapse of three US lenders.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayFed’s New Backstop Shields Banks From $300 Billion of LossesTreasuries Surge as Traders Recalibrate Rate Bets: Markets WrapSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses Fund to Backstop Deposits If More Banks FailThe hedge fund, MaiCa

• 2023-03-13
• Silicon Valley Bank Signature Bank Bloomberg open bank accounts digital assets Digital Asset Capital Management Hong Kong Silvergate Swiss bank Richard Galvin

Crypto Hedge Fund Looks to Swiss Banks After Silvergate Exodus

(Bloomberg) -- A crypto fund manager overseeing $400 million is looking to Swiss banks to help plug the gap created by the unraveling of a key payments network operated by ailing US lender Silvergate Capital Corp.Most Read from BloombergIsrael’s Window to Strike Iran Narrows as Putin Enters EquationTycoon Deripaska Warns Russia May Run Out of Money in 2024Americans Need to Be Richer Than Ever to Buy Their First HomeCitigroup Cuts Hundreds of Jobs, Including in Investment Banking and Mortgage Uni

• 2023-03-03
• Bloomberg Silvergate Capital Silvergate Richard Galvin Swiss banks