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Bitcoin floats near $25k, but embattling Credit Suisse may spoil the party in coming weeks

Markets are under pressure after over contagion fear in banking and financial sector, especially after lenders like SVB and Signature Bank collapsed in the US. Soon after, worries followed in Credit Suisse when it said in its annual report for 2022 that they have identified ‘material weaknesses’ in internal control over financial reporting. ....

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Class action suit filed against Silicon Valley Bank parent company

The lawsuit from shareholders led by Chandra Vanipenta says some quarterly and annual financial reports from SVB didn t fully account for warnings from the Federal Reserve about interest rate hikes. ....

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