Nashville, Tenn. — Arc Technologies charted a 12X increase in loan originations year over year in 2023, as it gained customers and deposits when businesses looked to pivot…
Read more Arc sees 12X growth after SVB collapse| Bank Automation NewsFintechs are looking to legacy banks with strong portfolios to provide seamless onboarding and digital capabilities following the regional banking crisis last year. One year after the collapse…
Read more Fintechs look to megabanks a year after SVB collapse | Bank Automation NewsLow unemployment streak extends another month Low unemployment streak extends another month 02:47 Citigroup is planning to lay off 20,000 employees, or about 10% of its workforce, in…
Read more Citigroup to cut 20,000 jobs by 2026 following latest financial losses2023 a mixed bag for Wall Street, U.S. economy – CBS News Watch CBS News It has been a blockbuster year for investors, with the Dow Jones Industrial…
Read more 2023 a mixed bag for Wall Street, U.S. economyBank of America shares have fallen 14% this year.Spencer Platt/Getty Images Big banks are sitting on $650 billion of unrealized losses, Moody’s has estimated. It’s a sign even…
Read more Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall StreetSilicon Valley Bank’s integration with First Citizens Bank is going “better than expected.” Acquiring Silicon Valley Bank (SVB) in March was an opportunity for First Citizens Bank…
Read more SVB merger going ‘better than expected’|Bank Automation NewsSilicon Valley Bank, a division of First Citizens Bank, named Martin Murrell the new head of global payments and Milton Santiago the new head of global digital solutions…
Read more New roles for Murrell, Santiago at SVB| Bank Automation NewsThe former parent company of Silicon Valley Bank is nearing a deal to sell its VC and credit-investment arm out of bankruptcy, according to a Wall Street Journal…
Read more SVB Capital closes in on deal to be bought out of bankruptcy: reportThe finance industry has seen a wave of bank mergers this year amid uncertain macroeconomic conditions and a high interest rate environment. First Citizens Bank acquired a…
Read more Merging tech stacks | Bank Automation NewsA bill that would take back pay from executives whose banks fail appears likely to advance in the Senate, several months after Silicon Valley Bank’s implosion rattled the…
Read more Senate weighs bill to strip failed bank executives of payLawmakers on the Senate Banking Committee derided claims by the former chief executive of Silicon Valley Bank, Gregory Becker, that unforeseeable circumstances led to the bank’s failure. Reuters…
Read more Video: Senators Grill Ex-C.E.O. of Silicon Valley BankFirst Citizens Bank today announced plans to up its tech focus by leveraging capabilities acquired from its March purchase of the failed Silicon Valley Bank. The $214 billion…
Read more First Citizens to capitalize on SVB tech | Bank Automation NewsThe future of PacWest Bancorp hangs in the balance as investors pull back from regional lenders following the sudden collapse of three prominent banks in a matter of…
Read more Bank woes mount as investors bail from regional lendersIn what is by now a familiar pattern, the fate of another regional lender hangs in the balance as investors bail from the sector following the sudden collapse…
Read more PacWest shares crumble as Wall Street shuns midsize banksNew York CNN — Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN. Final bids are due…
Read more Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN BusinessFeds poised to take control of troubled First Republic Bank – CBS News Watch CBS News The FDIC could soon seize control of First Republic Bank, which has…
Read more Feds poised to take control of troubled First Republic BankThe sudden collapse of Silicon Valley Bank last month was due to a combination of extremely poor bank management, weakened regulations and lax government supervision, according to a…
Read more Federal Reserve report blames Silicon Valley Bank execs — and itself — for bank’s collapseFIS posted an uptick in its banking solutions demand in the first quarter following the collapse of Silicon Valley Bank. The financial services technology provider remains committed…
Read more FIS sees uptick in bank solutions demand post-SVB | Bank Automation NewsA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Here’s what we know about First Republic Bank | CNN BusinessStocks fall as First Republic Bank shares plummet – CBS News Watch CBS News The Dow Jones closed in the red Wednesday as investors reacted to earnings reports…
Read more Stocks fall as First Republic Bank shares plummet
