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The U.S. Treasury Department and other bank regulators said in a joint statement on Sunday that all depositors of Signature Bank will be made whole, and "no losses will be borne by the taxpayer." Signature Bank reported deposit balances totaling $89.17 billion as of March 8. Representatives for Signature Bank did not immediately respond to a request for comment. The FDIC on Sunday established a "bridge" successor bank to Signature Bank, which will enable customers to access their funds on Monday. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said.

☆ Cryptocurrencies rally despite shutdown of crypto friendly Signature Bank, bitcoin breaks through $24,000
▼ + stars: | 2023-03-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Since the January rally in risk assets began to fizzle out, chart analysts have been looking for a meaningful break above $25,000. "Bitcoin is one of the most sensitive assets to market liquidity, since its 'risk' profile is unencumbered by earnings or ratings concerns," she said. Signature Bank was another famously crypto-friendly institution and the next biggest one next to Silvergate, which announced its impending liquidation last week. Wall Street analysts Friday had maintained buy ratings on Signature Bank, even as the bad news around Silvergate and SVB unfolded. The end of the Silvergate-Signature duo leaves crypto with few "on-ramps" that allow fiat money to flow into crypto assets.

☆ Silicon Valley Bank is the second-biggest bank crash in U.S. history—here's what it means for your money
▼ + stars: | 2023-03-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California. Late last week, Silicon Valley Bank disclosed signs of gross financial mismanagement, sparking panic among the bank's investors and customers. By Friday, the bank, which caters to numerous startups, had halted trading on its plummeting stock, prompting a race among depositors to withdraw their money. SVB and Signature Bank investors? Shares of First Republic Bank, which investors worry will suffer a similar fate, lost 52% on Monday after shedding 33% last week.

☆ Crypto just lost both of its main banks. Here's what it means for the industry going forward
▼ + stars: | 2023-03-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The days before the industry had crypto-forward banks to turn to were some of the darkest for the industry. At the end of February, three major banking regulators issued a joint statement warning banks of the liquidity risks associated with banking crypto companies. "Banks and law firms are getting a clear message from regulators: distance yourselves from crypto companies," said Ric Edelman, founder of the Digital Assets Council of Financial Professionals. "But for the moment, crypto companies are increasingly finding themselves where cannabis companies were a decade ago." Employees work at a Signature Bank branch in Manhattan on March 13, 2023 in New York City.

☆ 'That's how capitalism works,' Biden says of SVB, Signature Bank investors who lost money in failed banks
▼ + stars: | 2023-03-13 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks on the banking crisis after the collapse of Silicon Valley Bank (SVB) and Signature Bank, in the Roosevelt Room at the White House in Washington, D.C., U.S. March 13, 2023. WASHINGTON — President Joe Biden sought to assure customers of Silicon Valley Bank and Signature Bank on Monday that their money was safe — insured by the Deposit Insurance Fund — but said investors in the failed banks' securities aren't going to get the same guarantee. "Investors in the banks will not be protected," Biden said Monday in a White House speech. Signature Bank in New York, which was shuttered Sunday over similar systemic contagion fears as SVB, had been a popular funding source for cryptocurrency companies. Instead the money will come from the fees that banks pay into the Deposit Insurance Fund."

☆ What the failures of Signature, SVB and Silvergate mean for the crypto sector
▼ + stars: | 2023-03-12 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTA man entering Signature Bank in New York City on March 12, 2023. ReutersA lot of crypto's problems in the last year originated in the stablecoin sector, beginning with TerraUSD's collapse last May. Now that it is clear that SVB depositors will be made whole, Carter tells CNBC that he expects USDC to trade at par. The Silvergate Exchange Network (SEN) and Signature's Signet were real-time payment platforms that crypto customers considered core offerings. Meanwhile, Circle has already publicly said that it is shifting is assets to BNY Mellon now that Signature bank is closing.

☆ Banks are under severe pressure this week, and it ain't from crypto
▼ + stars: | 2023-03-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The short answer seems to be, not much, but banks have a whole other list of problems. Signature Bank , a commercial bank based in New York City with a small exposure to crypto, is down about 15% to a new low this week on its exposure to crypto. Not surprisingly, analysts are trying to parse the distinctions between Silvergate, a bank that was a major player in the crypto space, and other banks who merely had some interest in crypto. On that kind of pressure, major regional banks like PNC, MTB, Zions Bancorp and Comerica are at or near 52-week lows this week. Regional banks this week MTB - 8% Regions Financial - 8% KeyCorp - 6% Fifth Third - 7%

☆ Wells Fargo says buy Signature Bank, the 'last game in Crypto-town'
▼ + stars: | 2023-03-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

With the demise of Silvergate Bank, investors should turn their attention to New York-based Signature Bank ( SBNY ), which has a big opportunity to pick up business from the crypto market, according to Wells Fargo. Late Wednesday, Silvergate Capital said it would shut down Silvergate Bank, which had become the go-to bank for crypto businesses in the past few years as larger banks steered clear. Businesses still have Signature Bank, however. "Signature [is the] last game in crypto-town," said Wells Fargo equity analyst Jared Shaw, adding, "It's the only larger bank remaining with a functional on-ramp for institutional crypto investors. Wells Fargo has an overweight rating on Signature with a $185 price target, implying almost 95% upside from where shares traded Thursday afternoon.

☆ Why Silvergate’s post-FTX financial woes could spell trouble ahead for crypto
▼ + stars: | 2023-03-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Further, the spillover into a traditional bank and its stock price could fuel regulators' arguments that crypto poses a systemic risk. The big problem in crypto is that to buy bitcoin, you eventually have to interact with the traditional banking system. Silvergate's crypto bet worked for the bank, particularly in bull markets. A big part of Silvergate's crypto banking efforts was the Silvergate Exchange Network, better known as SEN, a platform that institutions used to move money to crypto exchanges. Custodia is a Wyoming-chartered special purpose depository institution designed to bridge the crypto and traditional banking systems.

☆ An easyJet pilot did a loop over the sea to give everyone on board an incredible view of the Northern Lights
▼ + stars: | 2023-02-28 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A pilot made a mid-flight loop on Thursday so that all passengers could see the Northern Lights. One newly engaged couple was able to see the lights after missing them during their Iceland trip. "Our crew will always go above and beyond for our customers and we're delighted to have been able to share this special view of the Northern Lights with them," an easyJet spokesperson said. FlightAware, InsiderOne passenger who was on the flight told Insider that being able to see the Northern Lights was particularly meaningful for him. Adam Groves wanted to propose under the Northern Lights, but did so on the south coast of Iceland in daylight instead.

☆ A 45-year-old biotech CEO may have reduced his biological age by at least 5 years through a rigorous medical program that can cost up to $2 million a year, Bloomberg reported
▼ + stars: | 2023-01-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Bryan Johnson, a biotech founder, aims to have the body of an 18-year-old, Bloomberg reported. He and a team of experts started a program called Project Blueprint to unlock the key to aging. Test results show that Johnson has the heart of a 37-year-old, according to the report. While it's still in its experimental stage and is constantly being tweaked, the health program consists of an intense daily regimen of carefully curated supplements, meals, exercise, and a slew of bodily tests. He exercises daily, with three high-intensity workouts a week, and goes through blood tests, MRIs, and colonoscopies each month, Bloomberg reported.

"We're recovering from the worst storm I've ever seen, certainly in terms of death from mother nature's wrath," he said. Progress was slow due to the sheer volume and depth of the snow, which Poloncarz said "is not plowable." [1/7] A "let’s go Buffalo" sign is seen behind an abandoned car on the road following a winter storm in Buffalo, New York, U.S., December 27, 2022. New York Governor Kathy Hochul called it an "epic, once-in-a-lifetime" weather disaster, the worst blizzard to hit the Buffalo area in 45 years. Buffalo residents with plows attached to their Jeeps and pickup trucks helped clear side streets.

[1/5] An aerial view of buildings during a blizzard in Buffalo, New York, U.S. December 26, 2022, in this screengrab obtained from a social media video. "It's still snowing" in Western New York, said NWS meteorologist Bob Oravec, predicting two more inches. "This is probably the last of the snow," added Oravec, who is with the NWS Weather Prediction Center in College Park, Maryland. Buffalo, New York state's second largest city, was ground zero for the blizzard that took shape on Friday. Poloncarz, speaking at a press briefing Tuesday, urged residents to stay home and the curious to stay away.

☆ These S&P 500 stocks are expected to post the biggest gains in the new year
▼ + stars: | 2022-12-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

While there's still time for stocks to turn around for the month, hopes for an end-of-year "Santa Claus rally" have fizzled out. However, analysts see the potential for big gains in some stocks despite the potential volatility ahead. Each of the 15 stocks below has at least about 50% upside to the average analyst price target. Discovery each have more than 100% potential upside, according to the target calculated by FactSet. The stock has upside potential of 51% from its current average price target.

☆ World leaders want to protect a third of the Earth's land and water to save wildlife from extinction. There's a climate connection, too.
▼ + stars: | 2022-12-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Nearly 200 countries agreed to protect 30% of Earth's land and water at a UN biodiversity meeting. The meeting, known as COP15, also underscored the link between nature and the climate crisis. Indigenous peoplesFor the first time, the biodiversity framework acknowledged the role of Indigenous people in protecting and restoring land and water. But world leaders didn't designate their land and territory as a separate category of conservation, which groups including Amnesty International and Greenpeace called for. Countries didn't achieve any of the targets to slow biodiversity loss by 2020 included in a previous framework, known as the Aichi targets.

While indigenous groups account for about 5% of the world's population, their lands safeguard about 80% of Earth's remaining plant and animal species, according to the World Bank. Indigenous groups have a range of concerns about the U.N. summit negotiations. Some critics worry that the 30-by-30 target could be used to erode indigenous rights under the guise of conservation. Others, like Tuxa of Brazil and Ngomo of Congo argue that a 30% conservation target does not go far enough to ensure nature's protection. Adopting a 30% target at the national level could backfire, Tuxa said, in suggesting Brazil can open more land to development.

☆ Legumes can help fight climate change, but 'bean hesitancy' might stand in the way
▼ + stars: | 2022-11-10 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

Lentils, beans, and peas are low-carbon protein sources that can help prevent fertilizer pollution. People have told her they don't like beans, don't know how to cook them, or don't want to deal with the gas they get from eating them. We don't need to research what they do for the human body — there's mountains of research proving that. We don't need to research how many ways there are to cook it, because there's mountains of cookbooks also proving that. But we do need to understand what is this hesitancy among Americans to eat beans," Ichikawa told Insider.

☆ More than 700 dolphins in the Black Sea have died since the war in Ukraine began. Scientists believe the fighting cripples their ability to navigate, find food, and talk to each other.
▼ + stars: | 2022-11-04 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

There's been an increase in dolphin strandings around the Black Sea since the war in Ukraine began. Dolphins and porpoises talk and navigate via sound, which may be disrupted by the loud noises of war. "Russia's war against Ukraine escalated in February 2022 puts the entire Black Sea basin under a huge threat. Dolphins, porpoises, and whales have an acute sense of hearing and use echolocation to map out their environment. The areas were identified as important habitats for three species that the IUCN classifies as threatened or endangered: the Black Sea common dolphin, the Black Sea harbor porpoise, and the Black Sea bottlenose dolphin.

☆ Crypto bank deposits have dropped in this bear market. Why JPMorgan says it's a ‘small blip’ over the long term
▼ + stars: | 2022-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The outlook for crypto banks is surprisingly strong given a drop-off in customer deposits in the wake of depressed prices and low volatility , according to JPMorgan. Both Silvergate Bank and Signature Bank , two commercial banks that serve the cryptocurrency industry, reported their third-quarter financial results this week. Signature's crypto deposits fell 12% on a quarterly basis, but the bank added 116 digital currency clients, bringing its total crypto customer base to 1,677. Its crypto deposits tend to come from crypto exchanges and stablecoin companies. At Silvergate, crypto deposits decreased by 11%, and its crypto customer base increased by 92 to reach 1,439.

☆ For a healthier environment, plant a native garden — no matter how big, says the famed entomologist Doug Tallamy
▼ + stars: | 2022-09-27 | by ( Mara Leighton | ) www.businessinsider.com time to read: +8 min

The entomologist Doug Tallamy is on a crusade to reduce grass lawns in favor of native plants. Native plants feed insects and wildlife that contribute to healthier food webs, which keep us alive. AdvertisementLisa Sabatini, an editor who's planted more than 50 native trees and shrubs since 2021, told Insider she joined a "Native Plants of the Northeast" Facebook group that welcomes beginners. If you have a garden already, you can begin by simply introducing native plants into it. AdvertisementNative landscaping is inherently regional, but those interested can type their ZIP code into the National Wildlife Federation Native Plant Finder for suggestions.

Persons: Doug Tallamy, —, Doug Tallamy doesn't, who's, Tallamy, E.O, Wilson, there's, Douglas, Bre Bauerly, Tim Stout, Stout, Lisa Sabatini, Tom Estill, Bauerly, We're Organizations: Service, Facebook, University of Delaware, National Wildlife Federation Locations: Asia, Denver, Minneapolis, Vermont, Minnesota, Rutland , Vermont

☆ Want to be a sustainability leader? Get away from the screen and go see it in action
▼ + stars: | 2022-05-31 | by ( Eunice Heath | ) www.businessinsider.com time to read: +5 min

Author Eunice Heath, global corporate director of sustainability at Dow, is on the advisory council for the series. That's why I encourage any business leader focused on impact to step away from the screen and see sustainability in action. Eunice Heath, global corporate director of sustainability at Dow Dow; Edited by Kazi Awal/InsiderIt's one thing to see the photos on a screen, but it was another thing to see mother nature's sheer power up close. Support economic advancements in communitiesI've always believed that people are the key to our success in building a more sustainable world. Eunice Heath is the global corporate director of sustainability at Dow.

☆ Preparing for Category 6 hurricanes, a new facility will test winds of 200 mph and storm surge
▼ + stars: | 2022-02-07 | by ( Jennifer Gray | Cnn Meteorologist | ) edition.cnn.com time to read: +22 min

Hide Caption 1 of 99 Photos: Hurricane Dorian Homes are in ruins one week after Dorian hit Marsh Harbour. Hide Caption 11 of 99 Photos: Hurricane Dorian Waves crash into boats in Halifax, Nova Scotia, as Hurricane Dorian approached on September 7. Hide Caption 27 of 99 Photos: Hurricane Dorian Emerald Isle employees work to clear a road after a tornado hit. Hide Caption 67 of 99 Photos: Hurricane Dorian Dorian left heavy damage at this resort in Hope Town, Bahamas. Hide Caption 74 of 99 Photos: Hurricane Dorian Palm trees blow in strong winds prior to Dorian's landfall in Freeport.

☆ The US Air Force is getting new tech that will make it easier for pilots to pee in flight
▼ + stars: | 2021-12-01 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +3 min

The US Air Force is getting new technology that will make it easier for its fighter pilots, especially female pilots, to urinate in flight, potentially alleviating a longstanding problem for pilots needing to answer nature's call in a cramped cockpit. The Air Force will be receiving the Omni Gen. 3 Skydrate in-flight bladder-relief device in the near future, Air Combat Command announced in a press statement Wednesday. "The Air Force recognized that current devices were not optimized for long-duration sorties, and as a result, aircrew were routinely dehydrating themselves to delay the need for bladder relief," ACC explained. This was a big problem for pilots, particularly female pilots, who the Air Force said previously would "resort to 'tactical dehydration' to avoid the difficulties and potential dangers of having to relieve themselves inflight." The first shipments of the new Skydrate system will arrive early this month, and aircrews will have access to them by spring of next year.

Persons: Sharon Rogers, Nikki Yogi Organizations: US Air Force, Air Force, Omni, Air Combat Command, Business, Sky High, ACC, 46th, Squadron, Eglin Air Force Base Locations: Turkey, Florida

☆ Microdosing magic mushrooms for 6 months left me feeling healthier, happier, and more in harmony with others
▼ + stars: | 2021-09-29 | by ( Benjamin Ramm | ) www.businessinsider.com time to read: +5 min

Benjamin Ramm first took psilocybin in a controlled setting in the Netherlands in 2019. So I turned to a medicine that I knew could help reset my mind: psilocybin, or "magic" mushrooms. In April 2019, I'd had my first immersive psychedelic experience — a significant dose of psilocybin truffles, on a retreat in the Netherlands organized by the UK Psychedelic Society. For some time, I had wanted to try microdosing and felt more confident about experimenting with psilocybin after the retreat. When taking a significant dose for the first time, I think it is essential to be in the company of supportive friends or experienced facilitators who offer guidance.

☆ A skilled sniper evaded about a dozen Marines — no one saw him even when he was only a few feet away
▼ + stars: | 2019-09-30 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +1 min

Insider recently observed scout snipers going through stalking training at Marine Corps Base Quantico in Virginia. Not only was everyone unable to find the sniper with various optics at the observation post roughly 1,000 feet from his position, but about a dozen Marines, a couple of Army Rangers, and this reporter were unable to spot him even when he was only a few feet away. Insider visited Marine Corps Base Quantico in Virginia recently to observe US military snipers as they practiced hiding in plain sight. Scout Sniper School instructor shows Marines and Army Rangers the tricks of the trade at Marine Corps Base Quantico in Virginia. A dozen Marines, a couple Army Rangers, and this reporter failed to spot the man, even when he was only a few feet away.

Persons: —, Ryan Pickrell Organizations: Marine Corps Base Quantico, Marines, Army Rangers, Service, Marine, Base Quantico, Sniper Locations: Virginia

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