Things we’re reading today include … UBS agrees ’emergency rescue’ of Credit Suisse UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day Bank of England statement: Credit Suisse Credit Suisse: Bank rescue damages Switzerland’s reputation for stability New York Community Bank to buy failed Signature Bank in £2.2 billion…
This week’s main blog discussions include … Will Silicon Valley Bank kill the FinTech industry? “When you’re not working, what do you do to de-stress?” was the last question Greg Becker, CEO of Silicon Valley Bank (SVB)*, took at an investor conference on Tuesday last week. “Cycling is my advice,” he replied. Three days later…
Things we’re reading today include … Credit Suisse takes $54bn loan from Swiss central bank after share price plunge US banks launch $30bn rescue of First Republic to stem spiraling crisis Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity Bank rescues ease crisis fears but investors worry it’s not enough Be serious,…
Things we’re reading today include … Asia markets fall as global banking fears widen Credit Suisse to borrow up to $54bn from Swiss central bank ‘A very different type of bank’: SVB’s culture in focus after collapse Crypto-friendly Signature Bank was facing criminal probe over money laundering concerns ahead of collapse Signature Bank’s Prospective Buyers…
Things we’re reading today include: Half of all fintech firms introduce hiring freeze Credit Suisse warns of ‘material weaknesses’ in financial reporting BoA gets $15 billion of deposits after SVB failure Signature Bank faced criminal probe ahead of its collapse Banks are designed to fail — and they do The ‘Big Brother’ bank using a…
Things we’re reading today include … Silicon Valley Bank collapse: Global financial stocks lose $456 billion amid contagion fears The Silicon Valley Bank Collapse, Contagion, and Containment Silicon Valley Bank’s demise disrupts the disruptors in tech Bank rule fight looms in Washington in aftermath of SVB collapse Signature Bank Collapse Sends Shockwaves Through the Broadway…
Things we’re reading today include: Silicon Valley Bank collapse: ‘Serious risk’ to tech sectors from failure, chancellor warns US guarantees all deposits after Silicon Valley Bank collapse, as Biden promises action Silicon Valley Bank: Fintech startups and scaleups are desperate for clarity Inside UK startups’ scramble to survive Silicon Valley Bank ‘disaster’ As Silicon Valley…
This week’s main blog discussions include … What’s hot and what’s not in FinTech? I just picked up a long and fascinating article on TechCrunch this week. Unfortunately it’s behind a paywall, but they interview seven leading VC investors in FinTech and asked a whole variety of questions: Many people are calling this a downturn….
Things we’re reading today include: Silvergate has collapsed Bitcoin, ether fall after go-to crypto bank Silvergate announces liquidation Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash Silvergate’s Story Is About Fundamentals, Not Just Crypto Silicon Valley Bank share slump rocks financial stocks London fintech Railsr rescued from collapse in emergency sale…
Things we’re reading today include … Top 10 Use Cases For ChatGPT In The Banking Industry Silvergate Capital will liquidate after crypto collapse wipes out bank 7 investors reveal what’s hot in fintech in Q1 2023 Silicon Valley Bank launches $2.25bn share sale to shore up capital base FCA contacts banks’ boards over failure to…
