Tagged: metropolitan commercial bank

FDIC Tells Voyager Digital to Stop Misleading Customers on Deposit Insurance

The Federal Deposit Insurance Corporation (FDIC), the government agency that provides bank deposit insurance, has taken the unique act of publicly chastising Voyager Digital regarding claims of false statements on deposit insurance status. Voyager Digital filed for bankruptcy protection following the collapse of  Three Arrows… Read More

Fintech Global Primex Introduces Private, Virtual Payment Platform VLoad

Global Primex, a “privacy-first” payments company specializing in secure digital payment solutions for merchants and consumers, announced the launch of its payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank (NYSE: MCB). VLoad is an online payment method that provides privacy and security… Read More

Voyager Digital Goes Bust, Files for Bankruptcy Protection Due to Crypto Contagion

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF), a digital asset trading platform, has filed for bankruptcy following a difficult couple of weeks for the company. Voyager is emblematic of crypto contagion fears as counter-party risk has caused several firms to pause operations or, in this case,… Read More

Cryptocurrency-friendly Signature Bank Reports 30% Decline in Net Income during Q1 2020 Due to Coronavirus Outbreak

New York-based Signature Bank, a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reportedly experienced a 30% drop in its total income during Q1 2020, when compared to the same time period last year. This could be due to the Coronavirus (COVID-19)… Read More

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