August 07, 2024
FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits

Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and other bouts of financial instability...

August 06, 2024
Report: Klarna Gauging Investor Interest in Secondary Share Sale

Klarna is reportedly gauging investors’ interest in buying up the company’s existing shares on the secondary market. The Sweden-based FinTech is doing so as it prepares for a potential public...

August 06, 2024
Citi and IFC Partner on Sustainable Supply Chain Finance Program

Citi and International Finance Corp. (IFC), a global development institution that is a member of the World Bank Group, have partnered on a $2 billion sustainable supply chain finance program...

August 05, 2024
COE Distributing CEO: Soaring Shipping Costs Hit Small Businesses Hard

In his testimony last month before the House Small Business Committee, COE Distributing Chairman and CEO J.D. Ewing highlighted the issue of soaring shipping costs impacting small businesses. Ewing, who...

August 04, 2024
SVB’s Ex-Owner Ends Bankruptcy Amid FDIC Litigation

Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. As Reuters reported Saturday (Aug. 3), SVB Financial Group has been given leave to turn over...

August 01, 2024
Tokenization’s Rise Offers New Ways to Monetize Data and Real...

The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The practice of tokenization within the...

August 01, 2024
J.P. Morgan: Collaboration Helps Startups Scale the Innovation Economy

For smaller firms and startups seeking capital — the lifeblood of growth — the last few months of 2024 are holding some promise after a long drought of high interest...

July 31, 2024
Thumbtack Raises $75 Million to Improve Home Improvement App

Home improvement app Thumbtack has received $70 million in new debt financing. The funding — from Silicon Valley Bank (SVB) and Hercules Capital — will help Thumbtack access new capital...

July 31, 2024
Report: Citi Allegedly Broke Fed’s Intercompany Transaction Limits

Citigroup reportedly made repeated breaches of a Federal Reserve rule limiting intercompany transactions. Those breaches led to errors in the banking giant’s internal liquidity reporting, Reuters reported Wednesday (July 31), citing an internal...