Puerto Rico’s Noble Bank for Sale – Victim of Cryptocurrency Market Drop?
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Puerto Rico’s Noble Bank for Sale – Victim of Cryptocurrency Market Drop?
Noble Bank International of San Juan, Puerto Rico, is looking for a buyer as its value has tanked, according to Bloomberg.
Citing a source with knowledge of the matter, the report says that the firm could sell for as little as $5 million at the moment as some of its biggest customers have left. It can be argued that this change in fortune can be attributed to the general fall in the value of cryptocurrency.
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Noble Bank loses Bitfinex
Noble Bank International is a full-reserve bank that provides trading services to the foreign exchange and cryptocurrency markets. ... (read more)
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