News

Banking
Report: Big Banks See Uptick in Deposits After SVB Collapse
March 14, 2023

Silicon Valley Bank’s downfall has reportedly brought more business to America’s larger lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Banking
DCG Seeks Bankers for Portfolio Firms Among Major Lenders
March 14, 2023

Digital Currency Group (DCG) is reportedly looking for new bankers for its portfolio companies following three high-profile bank failures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Ridesharing
Court Rules Uber and Lyft Drivers Are Contractors
March 14, 2023

Uber and Lyft have landed a victory in their battle to treat drivers as contractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
Report: VC Firms Team Up to Restore SVB
March 14, 2023

A group of venture capital firms is reportedly working to reclaim parts of Silicon Valley Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Retail
Trove Leads Lululemon, Canada Goose and Carhartt Into Resale Boom
March 14, 2023

Before branded resale, third-party platforms like ThredUP, Vestiaire Collective, Poshmark and The RealReal dominated the pre-loved market — and fueled a global market value of $184 billion in 2022.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fintech Investments
FinTechs Forced to Decide If They’re a Business or a Feature as Investors Push for...
March 14, 2023

According to one recent analysis, 91 publicly listed FinTech companies burned through $12 billion in venture capital in 2022, and just 17 posted a net profit from those investments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Can HSBC Preserve SVB’s Innovation Culture Post UK Unit Acquisition?
March 14, 2023

The world woke up on Monday (March 13) to news that British multinational banking giant HSBC is purchasing Silicon Valley Bank (SVB) UK, the U.K. arm of the failed U.S.-based lender, for a token one pound sterling. Get the Full Story Complete the form to...

Banking
FDIC Plans to Try Again to Sell Silicon Valley Bank
March 13, 2023

Silicon Valley Bank may be coming up for sale again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Banking
Silicon Valley Bank Depositors Begin Accessing Funds From ‘Bridge Bank’
March 13, 2023

Customers of Silicon Valley Bank started accessing their funds Monday from a new “bridge bank.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...