Banking
Arc sees 12X growth after SVB collapse| Bank Automation News
[ad_1] Nashville, Tenn. — Arc Technologies charted a 12X increase in loan originations year over year in 2023, as it gained customers and deposits…
Tag: Silicon Valley Bank
Banking
Fintechs look to megabanks a year after SVB collapse | Bank Automation News
[ad_1] Fintechs are looking to legacy banks with strong portfolios to provide seamless onboarding and digital capabilities following the regional banking crisis last year. …
Finance
Citigroup to cut 20,000 jobs by 2026 following latest financial losses
[ad_1] Low unemployment streak extends another month Low unemployment streak extends another month 02:47 Citigroup is planning to lay off 20,000 employees, or about…
Finance
2023 a mixed bag for Wall Street, U.S. economy
[ad_1] 2023 a mixed bag for Wall Street, U.S. economy – CBS News Watch CBS News It has been a blockbuster year for investors,…
Business
Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street
[ad_1] Bank 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…
Banking
SVB merger going ‘better than expected’|Bank Automation News
[ad_1] Silicon Valley Bank’s integration with First Citizens Bank is going “better than expected.” Acquiring Silicon Valley Bank (SVB) in March was an…
Banking
New roles for Murrell, Santiago at SVB| Bank Automation News
[ad_1] Silicon Valley Bank, a division of First Citizens Bank, named Martin Murrell the new head of global payments and Milton Santiago the new…
Breaking News
SVB Capital closes in on deal to be bought out of bankruptcy: report
[ad_1] The former parent company of Silicon Valley Bank is nearing a deal to sell its VC and credit-investment arm out of bankruptcy, according…
Banking
Merging tech stacks | Bank Automation News
[ad_1] The finance industry has seen a wave of bank mergers this year amid uncertain macroeconomic conditions and a high interest rate environment. …
Finance
Senate weighs bill to strip failed bank executives of pay
[ad_1] A bill that would take back pay from executives whose banks fail appears likely to advance in the Senate, several months after Silicon…
Banking
Video: Senators Grill Ex-C.E.O. of Silicon Valley Bank
[ad_1] Lawmakers on the Senate Banking Committee derided claims by the former chief executive of Silicon Valley Bank, Gregory Becker, that unforeseeable circumstances led…
Banking
First Citizens to capitalize on SVB tech | Bank Automation News
[ad_1] First Citizens Bank today announced plans to up its tech focus by leveraging capabilities acquired from its March purchase of the failed Silicon…
Finance
Bank woes mount as investors bail from regional lenders
[ad_1] The future of PacWest Bancorp hangs in the balance as investors pull back from regional lenders following the sudden collapse of three prominent…
Finance
PacWest shares crumble as Wall Street shuns midsize banks
[ad_1] In what is by now a familiar pattern, the fate of another regional lender hangs in the balance as investors bail from the…
Breaking News
Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN Business
[ad_1] New York CNN — Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells…
US News
Feds poised to take control of troubled First Republic Bank
[ad_1] Feds poised to take control of troubled First Republic Bank – CBS News Watch CBS News The FDIC could soon seize control of…
Finance
Federal Reserve report blames Silicon Valley Bank execs — and itself — for bank’s collapse
[ad_1] The sudden collapse of Silicon Valley Bank last month was due to a combination of extremely poor bank management, weakened regulations and lax…
Banking
FIS sees uptick in bank solutions demand post-SVB | Bank Automation News
[ad_1] FIS posted an uptick in its banking solutions demand in the first quarter following the collapse of Silicon Valley Bank. The financial…
Breaking News
Here’s what we know about First Republic Bank | CNN Business
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You…
Breaking News
Stocks fall as First Republic Bank shares plummet
[ad_1] Stocks fall as First Republic Bank shares plummet – CBS News Watch CBS News The Dow Jones closed in the red Wednesday as…