Stripe, Revolut, and other banks and fintechs rush to launch stablecoins; there are ~$210B in stablecoins issued globally, including Tether printing $142B
Bank of America and Stripe target market for payments in cryptocurrencies — Some of the world's largest banks and fintechs …
Paytm plans to cease work with its associate Paytm Payments Bank and accelerate work to partner with other banks, after the RBI's clampdown on the payment bank
Manish Singh / TechCrunch :
EU regulators approve Microsoft's $69B Activision Blizzard acquisition after Microsoft made concessions to keep rivals' access to Call of Duty and other games
but the saga is ‘unlikely to end soon’ Sofia Wyciślik-Wilson / BetaNews : EU approves Microsoft's multi-billion-dollar Activision Blizzard acquisition despite UK and US opposition Arjun Kharpal / CNBC...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they risk a bank run trill...
How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries
'The Silicon Valley Bank (SVB), a leading lender to startups and venture capitalists … Bloomberg : Khosla Ventures Tells Some Startups Firm Will Cover Payroll South China Morning Post : China joint ve...
Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023
Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout — Big banks are teaming …
Sources: the SEC's probe into JPMorgan letting staff use WhatsApp and other unapproved channels for business spreads to other banks, which may pay $1B+ in fines
Financial Times :
Sources: SEC probe into JPMorgan for letting staff use WhatsApp and other unapproved channels for business spreads to other banks, which may pay $1B+ in fines
SEC investigation sparks questions about how banks monitor communications in an era of disappearing messages
Sources detail how Elon Musk convinced Morgan Stanley and 11 other banks to back his Twitter bid, including ideas on how to run the business and boost revenue
Publicly, Elon Musk has said he doesn't care about the economics of owning Twitter Inc. — But during a hectic …
Google scraps plans for mobile-first bank accounts service Plex; sources say the move follows April departure of a Google Pay exec who championed the project
Tech giant had partnered with Citigroup and other banks on ‘Plex’ accounts that would sync with Google Pay