Customers Bank Said to Debank Some Digital Asset Hedge Funds [Yahoo! Finance]
Customers Bancorp, Inc (CUBI)
Last customers bancorp, inc earnings: 1/22 04:54 pm
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Source: Yahoo! Finance
To limit its exposure to digital assets the bank has capped deposits from crypto clients at 15% of total deposits Customers Bank, which services some of the largest names in crypto including Galaxy Digital (GLXY), Coinbase (COIN) and Circle, has told some hedge-fund clients it can no longer provide them with banking services, according to three people familiar with the matter. Whilst the extent of the cull is unclear, one person said "a load of funds" were involved. A second person said the action represented the offboarding of inactive accounts rather than the widespread debanking of the industry. A third person said their digital assets financial services firm had spoken to a number of funds looking for new providers in recent weeks, potentially as a result of the offboarding of accounts at Customers. This latest development highlights the difficulty that some crypto companies have in accessing the U.S. dollar banking system in the aftermath of the collapse of Silvergate Bank
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CUBI
News
- Do Options Traders Know Something About Customers Bancorp (CUBI) Stock We Don't? [Yahoo! Finance]Yahoo! Finance
- Customers Bancorp Announces Voting Results of Annual Shareholder Meeting [Yahoo! Finance]Yahoo! Finance
- Customers Bancorp Announces Voting Results of Annual Shareholder MeetingBusiness Wire
- Customers Bancorp: This 8.5% Baby Bond Is The Best Opportunity Right Now [Seeking Alpha]Seeking Alpha
- Customers Bancorp, Inc. Announces Dividend Correction on Its Series E and Series F Preferred Stock [Yahoo! Finance]Yahoo! Finance
CUBI
Earnings
- 4/25/24 - Beat
CUBI
Sec Filings
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- CUBI's page on the SEC website