bank run

First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
April 24, 2023  |  Banking

First Republic Bank expects to reduce its workforce by as much as 25% in the second quarter. In its first earnings report since experiencing a...

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SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
March 17, 2023  |  Legal

This tumultuous week began and ended the same: with Silicon Valley Bank still for sale.  Only now, the lender’s former parent company, SVB Financial Group, has officially filed...

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Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
Ingo Money CEO on SVB’s Collapse and the Importance of Avoiding Single Points of Failure 
March 14, 2023  |  Digital-First Banking

A lot of money is moving this week, but not in a good way. In the five days since last Wednesday (March 8), three US...

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As Silicon Valley Bank Folds, Can FinTech Outrun the Bank Runs?
As Silicon Valley Bank Folds, Can FinTech Outrun the Bank Runs?
March 10, 2023  |  Digital-First Banking

Silicon Valley Bank has collapsed. The regulators have circled the wagons. The damage is contained.  Maybe.   Maybe just for a day, because who knows what...

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