Its valuation took another big dip, but the raise could encourage other cash-hungry fintechs. Stripe’s OpenAI tie-in can open doors for both firms.
The bank received $52 billion in aid from the Swiss central bank. But central banks may also be aiding the global banking turmoil through rate hikes.
Fear perpetuated by social media led customers to withdraw uninsured deposits in droves. But the bank will be saved with aid from the largest banks in the US.
Sen. Warren’s bill would tighten up the eased Dodd-Frank regulations, and Gov. Bowman praised financial regulators for supporting innovation. But a lack of support and clarity remains.
Fears of a global banking crisis aren't going away as Credit Suisse shares nosedived amid investors’ shaky confidence in its financial position.
Neobanks and Wall Street lenders have an opportunity to attract new start-up clients.
It will use Mastercard Send so customers in Australia and Hong Kong can send payments to more than 1.5 billion Mastercard cards.
We run down the status of the four most at-risk regional lenders following SVB’s collapse. And look at why the Big Six are better protected.
Crypto-friendly Swiss banks have given them a lukewarm welcome, and other banks have offered only limited services. This might be exactly what regulators want.
In the wake of SVB’s sudden downfall, more stringent regulation looks likely, including reviews of the threshold for stress testing.
Their deposits are safe, but they still have to find new lenders to park their cash. Some firms are steering clear—but others smell an opportunity.
SVB leaves void of startup support in its wake: Depositors may get their money back but they’ll lose the go-to institution for young companies accessing capital. Brace for startup failures.
Wix’s merchants can benefit from stronger fraud detection capabilities as card-not-present fraud risks increase.