News

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,...

B2B Payments
Manufacturers’ Procurement Modernization Drives Innovations in Purchase Order Finance
March 13, 2023

Purchase orders, an often-overlooked step in the procurement process, is receiving renewed focus as companies seek to modernize their systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk
March 13, 2023

A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. 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,...

Retail
Grocers Expand Self-Checkout in Effort to Provide More Convenient Experiences
March 13, 2023

From New York to Portugal, self-checkout is taking over the grocery industry. 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...

Banking
Federal Home Loan Banks Raising Funds to Support Regional Institutions
March 13, 2023

The Federal Home Loan Banks system aims to raise $64 billion to support regional institutions. 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
Startups and VCs Change Banking Practices After Recent Turmoil
March 13, 2023

Startups and venture capital (VC) firms are changing how they bank after recent industry turmoil. 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,...

Security & Fraud
Some UK Lawmakers Eye Dropping Small Businesses from Crime Bill
March 13, 2023

The scope of the United Kingdom’s economic crime bill may be narrower than some hope. 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,...