Two cryptocurrency-sector banks have turned to the federal mortgage system to ease customer withdrawals. Silvergate Capital and Signature Bank have borrowed billions from Federal Home Loan Banks, the system created to back mortgage lending during the Great Depression, The Wall Street Journal (WSJ) reported Saturday...
March 13, 2023
The Federal Home Loan Banks system aims to raise $64 billion to support regional institutions. The system — which gives private regional banks a way to access short-term funding without having to turn to the Federal Reserve — is boosting the amount of cash it has readily available by selling bonds, Bloomberg reported Monday (March […]
January 22, 2023
Two cryptocurrency-sector banks have turned to the federal mortgage system to ease customer withdrawals. Silvergate Capital and Signature Bank have borrowed billions from Federal Home Loan Banks, the system created...
