Following the SVB crisis, already precarious Credit Suisse has struggled to hold the confidence of investors. UBS has agreed to acquire.
Rumours have surfaced that Wall Street heavyweight, Goldman Sachs, is looking to offload its Apple Partnership.
The VC and startup community are tentatively settling into an optimistic action plan after SVBs failure. SVB Capital is still on the table.
First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
Brex never cared about small businesses, Fundid CEO Stefanie Sample said during a PitchIt podcast episode with Fintech Nexus' Todd Anderson.
Polychain Capital, a hedge fund that focuses on investing in digital assets such as bitcoin and ether has raised $10 million; the funding comes from venture firms Andreessen Horowitz and Union Square Ventures; the company launched in September with $5 million from 30 investors and is led by Olaf Carlson-Wee who was also the first employee of Coinbase; according to Olaf: "There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain — it's going to be a number of different assets here. And the best way to invest in that is a diversified portfolio." Source
After a successful first quarter, LendingClub posted earnings of $.39 a share on revenue of $289.5 million, beating analysts' expectations.
The new Consumer Financial Protection Bureau Director, Kathy Kraninger, spoke in Washington on Thursday at a hearing held by the...
The UK has launched their borrower referral scheme which came about as a government initiative; businesses who apply for loans at the nine largest UK banks and are rejected will be referred to aggregator platforms Funding Xchange, Business Finance Compared and Funding Options; the aggregators will pass information to alternative finance providers who will be able to provide quotes to the business. Source
Block's Q4 2022 earnings surpassed market expectations. Dorsey outlined the future focus for the business.