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First Citizens Buys Much of Silicon Valley Bank
The acquisition comes more than two weeks after the lender’s collapse sent tremors through the banking system. Source link
Eurozone Banks Cut Lending Even Before Latest Financial Turmoil
Economy Europe Economy Decline in bank lending could deepen as financial institutions move to retain deposits, strengthening effect of ECB rate moves Source link
Saudi Chairman of Credit Suisse’s Largest Investor Resigns
Markets Finance Ammar al-Khudairy’s remarks about Saudi National Bank’s investment in the troubled lender set off an investor panic Source link
Huobi’s New Boss Shakes Up Crypto Firm With China Plan
Cryptocurrency entrepreneur Justin Sun is attempting to revive the fortunes of digital-assets exchange Huobi by shifting its focus back to China—with the aid of a
It's Easier to Underestimate Your Expenses and Overspend Right Now
Many people have a gap between what they think they spend and what they actually spend. This gap has widened recently. Source link
Tether Is Winning Stablecoin Battle Despite Looming Risks
Markets Currencies Cryptocurrency Stablecoin’s value has risen by more than $5 billion in past two weeks Source link
Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups
Some banks are rolling out the welcome mat for cryptocurrency firms that found themselves in need of banking services after the downfall of two big
Robinhood enters into credit agreement for $2.175 billion
On March 24, 2023, Robinhood Securities, LLC (RHS), a subsidiary of Robinhood Markets, Inc., entered into the Second Amended and Restated Credit Agreement among RHS,
First Citizens Acquires Much of Failed Silicon Valley Bank
First Citizens Bancshares is buying big pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent tremors through the banking system.
Debt Grows More Expensive, Harder to Get for Startups After SVB Collapse
With Silicon Valley Bank’s future uncertain, startups backed by venture capital looking for new lenders are facing higher borrowing costs, onerous terms or even closed