Metropolitan Commercial Bank Exits Crypto Business
Metropolitan Commercial Bank, a leading public bank in the United States, announced its departure from the cryptocurrency business, citing a significant drop in digital currency deposits from $820 million to $275 million as of March 31. The bank, with a capitalization of ...
Federal Reserve Rejects Custodia Bank’s Membership Application Due to Inconsistent Business Model
The Federal Reserve Board of Directors has once again declined Custodia Bank's membership application, citing concerns about the bank's business model and its ability to meet the goals set out in the Federal Reserve Act. The Federal Reserve System officials noted that Custodia Bank's application ...
Custodia Bank files new lawsuit against US Federal Reserve for rejecting master account application
Following the rejection of its application to open a master account with the US Federal Reserve, Custodia Bank has taken legal action against the regulator, claiming that it has been discriminated against and unfairly denied access to full membership of the US Federal Reserve System. Custodia Ban ...