Flagstar Bank, a subsidiary of New York Community Bancorp, will buy most of failed Signature Bank, but it’s not taking Singature’s digital-assets business as part of the deal.
The abrupt downfall of Silicon Valley Bank prompted investors to question whether other banks that hold tech-related deposits could also be at risk. But one analyst said there could be opportunities for banks to add deposits from customers of the failed bank.
A new app for people with a criminal past and a challenger bank “of immigrants for immigrants” are among the neobanks forging their own path in the banking world.
For Elif Zapparoli, the pandemic-era shift from in-person to remote work is
similar to the trend she has seen in the financial services industry over the
last 20 years.
The claim that these arrangements are unregulated is inaccurate, and instead,
more oversight would destroy the benefits of banks working with fintechs on
consumer products.
Despite the market fluctuations, digital assets such as stablecoins are gaining ground as a point of sale option — but there’s still a lot of work to be done before the average consumer is using crypto for everyday transactions.
The Minneapolis company, which increased its minimum wage to $18 an hour in June, will bump it up to $20 in response to inflationary and competitive pressures.
Carlos Garcia of Professional Holding Corp. in Coral Gables would serve as CEO of the holding company for Nave Bank, which seeks FDIC approval to be the first federally insured digital bank in Puerto Rico.
Jifiti is among the technology companies that want make it easier for retailers
and banks to offer installment lending. The disruption caused by inflation and a
hawkish Fed are combining to create an opportunity.