First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
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Trends in fintech are ever-evolving. The year 2023 will be no different regarding the software and programs used and being developed to deliver financial services.
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First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
Fintech
Our weekly look at the top 10 fintech-related stories of the week, from our team of writers and the best websites covering the space
The good news this week is that we had no more bank failures in this country. While a buyer was found for Signature Bank (most of it anyway) the fate of First Republic still hangs in the balance.
Books will be written and movies will be made about the last seven days as it was the most dramatic week in finance since the financial crisis of 2008.
The fintech news this week was dominated by the demise of Silicon Valley Bank, a fast moving story that took less than 48 hours to unravel.
Making fintech news this week were Silvergate Bank, Klarna, Goldman Sachs, Marqeta, LendingTree and more
Making fintech news this week was the SEC, Stripe, Goldman Sachs, India and Singapore, Green Dot and more