A certified public accountant is pleading guilty to defrauding banks by giving false information in order to obtain loans, according to the …
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Tag:
lenders
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Markets
Crypto Lenders Hold Nearly $60B of Assets as New Wave of DeFi Adoption Sweeps In: Report
by shayaanby shayaanThere’s a quiet transformation underway in decentralized finance (DeFi). While DeFi’s previous bull market was driven by eye-watering—and dubious—yields and speculative frenzy, …
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Analysis
Tether and Coinbase Among Largest Centralized Finance (CeFi) Lenders in Crypto, According to Galaxy Analyst
by shayaanby shayaanStablecoin issuer Tether is the largest centralized finance lender (CeFi) in the digital asset space, according to new analysis. Zack Pokorny, a research …
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Gibraltar-based private bank Xapo said Tuesday it is now accepting members’ Bitcoin as collateral for loans. The new service allows customers to …
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Regulation
US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets
by shayaanby shayaanThe Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of …
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Finance
US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies
by shayaanby shayaanDefaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports …
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Finance
What happens if MicroStrategy can’t sell enough bitcoin to repay lenders?
by shayaanby shayaanDespite widespread acknowledgment that MicroStrategy has issued a tremendous amount of debt to acquire most of its bitcoin, some star-struck novices believe …