May 1, 2023 @ 10:28 am By JD Alois  |  

As was previously reported, First Republic Bank has gone into receivership by the Federal Deposit Insurance Corporation (FDIC) – now representing the second-largest bank failure in history. JP Morgan Chase (NYSE:JPM) has stepped in to take over the bank as a bidding process took place… Read More

May 1, 2023 @ 9:56 am By JD Alois  |  

Last year, Student Rents listed a securities offering on Crowdcube, raising £466,172.55 from 179 investors. The company was selling equity in the firm at a pre-money valuation of £4.5 million. According to the offering page, Student Rents claimed over 300 paying agents having matched 11,000… Read More

May 1, 2023 @ 8:44 am By JD Alois  |  

First Republic Bank (NYSE:FRC) was briefly shuttered by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) stepped in as receiver of the bank following weeks of speculation that FRB would be the next shoe to drop in the… Read More

April 30, 2023 @ 5:55 pm By JD Alois  |  

On Friday, the Federal Deposit Insurance Corporation (FDIC) issued a report on the failure of Signature Bank. The report scrutizined oversight of the bank from 2017 until its collapse in March 2023. The cause of the failure reflects a similar report posted by the US… Read More

April 29, 2023 @ 2:21 pm By JD Alois  |  

First Republic Bank (NYSE: FRC) shares cratered this past week as investors feared the worst for the financial institution. On Friday, shares lost around 43% only to lose another 33% in after-hours trading. According to multiple reports, the Federal Deposit Insurance Corporating (FDIC) is accepting bids… Read More

April 28, 2023 @ 4:53 pm By JD Alois  |  

First Republic Bank (NYSE: FRC) is teetering on receivership as shares closed at around $3.51 today, a loss of 43%, only to sink further in after-hours trading, hitting $1.86 – losing another 47%. Earlier this year, First Republic shares traded at OVER $147 worth billions of… Read More

April 28, 2023 @ 4:38 pm By JD Alois  |  

Republic Note, a digital asset that is still available for investment on the Republic platform, has published an update on the security stating there is currently a dividend pool of more than $900,000 to be distributed. Republic Note is a security that aims to share… Read More

April 28, 2023 @ 3:54 pm By JD Alois  |  

The US Federal Reserve has published its review of the failure of Silicon Valley Bank (SVB). The review was managed by Fed Vice Chair for Supervision Michael Barr. SVB collapsed in spectacular fashion following a tech-fueled run on the bank, with the institution finding itself… Read More

April 28, 2023 @ 2:26 pm By JD Alois  |  

Cross River Bank, a top Fintech enabler, is a target of a Federal Deposit Insurance Corporation (FDIC) enforcement action that includes a consent order which has been accepted by the Bank’s board. The consent order was filed on March 8, 2023, but is just now… Read More

April 28, 2023 @ 9:52 am By JD Alois  |  

UK Fintech Paysend has announced the creation of a European hub located in Dublin. The goal is to expand its services in the European Union in a post Brexit world. Paysend was recently approved for an E-money license (EMI) by the Central Bank of Ireland…. Read More

April 28, 2023 @ 8:46 am By JD Alois  |  

Eurocrowd has revealed a new “national hub” for the Italian crowdfunding market offering an Italian-language website dedicated to the national ecosystem. Eurocrowd is the advocacy group for the European securities crowdfunding market, having worked with regulators and public officials for years to improve online capital… Read More

April 27, 2023 @ 4:11 pm By JD Alois  |  

Coinbase (NASDAQ:COIN)  has posted a 73-page response to the Securities and Exchange Commission’s (SEC) Wells Notice which indicates a high likelihood of an enforcement action by the commission. Last month, Coinbase revealed it was in receipt of the Wells Notice while taking a defiant stance against… Read More

April 27, 2023 @ 12:52 pm By JD Alois  |  

Irish Fintech Accelerated Payments has announced the laung of a trade finance product called AP Trade Finance (APTF). Accelerated Payments is a digital working capital platform with offices in Dublin, London, Toronto, and Florida. The company offers access to credit due to the strength of… Read More

April 27, 2023 @ 11:14 am By JD Alois  |  

  Tokeny, a Luxembourg-based tokenization platform, has revealed a partnership with Artory to “unlock the  $1.7 trillion art market through the market tokenization, enabling greater access and liquidity to the asset class. Fine art is said to have outperformed the S&P 500 for over 20… Read More

April 27, 2023 @ 10:56 am By JD Alois  |  

BTSE has added Fireblocks to its platform. BTSE is a white-label digital asset exchange based in Tortola. Fireblocks is a well-known Switzerland-based digital asset custody provider. BTSE claims to offer “state-of-the-art infrastructure” able to process over one million transactions per second. BTSE states that Fireblocks… Read More

April 27, 2023 @ 9:56 am By JD Alois  |  

MERJ Exchange, a Seychelles-based regulated exchange, has signed an Introducing Broker Referral Agreement with Boustead Securities, a FINRA regulated broker-dealer. The deal will allow US-based investors to trade dual-listed securities on Upstream – part of MERJ. Upstream is a retail trading platform powered by Horizon… Read More

April 26, 2023 @ 10:41 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, has joined with Representatives French Hill, Digital Assets, Financial Technology, and Inclusion Subcommittee Chairman, and Bill Huizenga, Oversight and Investigations Subcommittee Chairman, to send letters to federal agencies demanding information on the move to de-bank… Read More

April 26, 2023 @ 4:50 pm By JD Alois  |  

Jumpstart Micro, a FINRA-regulated funding portal, has experienced a change of ownership, according to public filings. Funding portals are regulated platforms that may issue securities under Reg CF or Regulation Crowdfunding.  These intermediaries were created under the JOBS Act of 2012 to facilitate online capital… Read More

April 26, 2023 @ 12:23 pm By JD Alois  |  

Nasdaq Private Market (NPM) has announced a new service to transfer and settle securities regardless of the trading venue. NPM serves institutions and individuals by providing liquidity for private shares. Founded in 2013, NPM provides solutions for private companies pre-IPO, including pre-direct listing continuous trading…. Read More

April 26, 2023 @ 11:48 am By JD Alois  |  

Bankrupt digital asset platform Voyager Digital has received a Dear John, or perhaps a Dear Voyager letter from Binance.US. In a series of Tweets, Voyager revealed that Binance.US has announced a separation from its previously announced agreement. Last January, bankruptcy courts approved the sale of… Read More