Ethereum fund mimicking MicroStrategy folds after weak demand, security concerns. Depositors to be refunded after launch issue. Co-founders cite lack of interest despite initial pledges of 40,000 ETH.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Building a global retail bank is hard work. If Santander decides to pull out of the UK, it could find ...

Acting Banque du Liban (BDL) governor Wassim Mansouri denied reports circulating in the media and on social platforms suggesting that he said 'depositors must accept the loss of their bank deposits.' ...

The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee after the Prudential Authority (PA) announced it had filed papers ...

Ithala’s imminent liquidation comes after decades of attempting to get a banking licence and after it disregarded a national government directive by the Prudential Authority (PA) more than a ...

Depositors of the failed bank will automatically become depositors of Millennium Bank and don't have to take any action to have access to their accounts, according to the FDIC. The closure of Pulaski ...

National Treasury has assured the retail depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee, subject to the conclusion of the necessary technical work.

The situation has raised concerns over the safety of depositors’ funds, especially for those in rural areas who rely on Ithala for essential financial services. However, both Ithala and the National ...