Medium-Sized Banks Want More FDIC Protection
Medium-Sized Banks Want More FDIC Protection
March 19, 2023  |  Banking

America’s midsized banks want more federal protection to prevent runs on deposits. The Mid-Sized Bank Coalition (MSBC) has reportedly written to federal regulators asking that...

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Nielsen: Streaming Enjoys Strong Numbers as Overall TV Viewership Dips
Nielsen: Streaming Enjoys Strong Numbers as Overall TV Viewership Dips
March 19, 2023  |  Streaming

Zombies, hospital intrigue and Black Panther all helped streaming media dominate the month of February. That’s according to Nielsen’s latest edition of The Gauge, which...

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Bankman-Fried Reportedly Close to Bail Agreement With Feds
Bankman-Fried Reportedly Close to Bail Agreement With Feds
March 19, 2023  |  Cryptocurrency

Accused crypto fraudster Sam Bankman-Fried is reportedly nearing a new bail agreement with federal prosecutors. Attorneys for the FTX founder — charged with engineering his...

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PhonePe Raises $200 Million From Former Parent Walmart
PhonePe Raises $200 Million From Former Parent Walmart
March 19, 2023  |  Fintech Investments

India’s FinTech platform PhonePe has raised another $200 million, this time with the help of Walmart. The funding, announced Friday (March 17), comes one month...

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France’s Real-Time Payments Volume Set to Grow 10X by 2026
France’s Real-Time Payments Volume Set to Grow 10X by 2026
March 19, 2023  |  Real-Time Payments

According to a recent PYMNTS study on instant payments, there are more than 60 countries that possess or are in the process of developing a...

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Charles Schwab Customers Deposit $16.5 Billion During Banking Crisis
Charles Schwab Customers Deposit $16.5 Billion During Banking Crisis
March 19, 2023  |  Investments

Charles Schwab says it saw “strong inflows” from clients amid this month’s banking crisis. Between March 10 and March 16, customers brought $16.5 billion in...

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Report: First Citizens Bank Could Buy SVB
Report: First Citizens Bank Could Buy SVB
March 19, 2023  |  Banking

First Citizens Bank is reportedly offering to purchase failed lender Silicon Valley Bank. According to a Sunday (March 19) Bloomberg News report, the North Carolina-based...

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UBS Will Pay $3 Billion for Credit Suisse
UBS Will Pay $3 Billion for Credit Suisse
March 19, 2023  |  Banking

Swiss banking giant UBS will purchase struggling rival Credit Suisse in a $3 billion government-supported deal. Switzerland’s central bank announced the takeover Sunday (March 19),...

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House Looks to ‘Get to Bottom’ of Banking Collapses
House Looks to ‘Get to Bottom’ of Banking Collapses
March 19, 2023  |  Banking

The U.S. House Financial Services Committee is set to begin investigating two high-profile banking failures. Rep. Patrick McHenry, who chairs the committee, and Rep. Maxine...

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