Signature Bank Has a New Owner
FDIC announced Signature Bank would be sold to Flagstar Bank, a subsidiary of New York Community Bancorp, a week after the bank was placed into receivership
Finance & Economics - page 80
UBS to Buy Credit Suisse, While Central Banks Try to Soothe Market Turbulence
UBS Group will buy Credit Suisse Group for 3 billion Swiss francs ($3.23 billion) in a historic deal backed by Swiss authorities, as problems in the global banking sector persist
Silvergate, Silicon Valley Bank, and Signature: Big Picture in Small Details (Part 1/3)
The Silvergate, Silicon Valley Bank, and Signature Bank saga, in three not-so-concise parts, examines the chaos of centralized cryptocurrency companies, the failing and scrambling US banking system, and the outcomes for the crypto industry and the regular person.
BBVA Targets Colombia’s Innovation Sector
Spanish financial group BBVA announced the creation of a business unit in Colombia.
Worldline Launches Voice Alert Box to Boost Financial Inclusion in India
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
Large U.S. Banks Make Deposits Into First Republic Bank
Eleven of the largest U.S. banks place uninsured deposits worth $30 billion in First Republic Bank.
Crypto Firm Copper Makes Job Cuts
The British startup for storing and trading digital assets, Copper, has announced a reduction in the workforce.
Xapo Bank Integrates With UK Faster Payments
Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).
ClearBank Partners With Code First Girls to Tackle Fintech Gender Gap Issue
ClearBank joins 30 other financial service companies in partnering with Code First Girls, keen to hire more women and eliminate the gender gap which still persists in fintech
Flutterwave Expands Services in Rwanda
Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens
Adept Raises $350 Million
Adept, a startup that creates artificial intelligence, announced that it managed to attract investment funds for $ 350 million following the results of the Series B funding round.
Morgan Stanley and Stripe Tap Into OpenAI’s GPT-4
Morgan Stanley Wealth Management and payment giant Stripe have announced their intention to use a chatbot based on artificial intelligence GPT-4 from OpenAI.
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Crypto Platform Anchorage Cuts 20% of Workforce
Anchorage Digital Bank, a provider of digital asset storage services, announced the decision to reduce the workforce.
BNP Paribas Moves Into B2B BNPL
BNP Paribas is switching to the Buy Now, Pay Later B2B platform.
South Africa to Roll Out Payshap
In South Africa, the process of introducing Payshap, an inexpensive real-time interbank digital payment service, has started.
Finance & Economics
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