Saturday, June 10, 2023

As major US banks abandon crypto companies during an expanding crackdown, a look at the emergence of smaller regional US lenders and Swiss, Asian, and UK firms (Bloomberg)

Bloomberg:
As major US banks abandon crypto companies during an expanding crackdown, a look at the emergence of smaller regional US lenders and Swiss, Asian, and UK firms  —  Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...