Banking

Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market. These major institutions have...

Global payments technology company, Brightwell, today announced that it is making it easier for fintechs, money transmitters, and prepaid and banking providers to integrate real-time* payment technology into their solutions utilizing ReadyRemit via Visa Direct.** Through this collaboration, Brightwell...

The banking industry's stress is being closely monitored for the possibility of a credit crunch, a U.S. Federal Reserve policymaker warned on March 26, while a European Central Bank official similarly hinted at possible lending tightening. Regulators throughout the world...

Silicon Valley Bank's former parent business must now wait to see if it can reclaim the almost $2 billion in cash that regulators seized earlier this month. During the firm's first bankruptcy court proceeding on March 21, lawyers for SVB...

The UAE has joined other Gulf central banks in raising interest rates, following a hike by the US Federal Reserve. The Central Bank of the UAE has gone on to increase the base rate for the overnight deposit facility (ODF)...

On March 19, U.S. officials claimed that the deposit outflows that left several regional banks reeling in the event of Silicon Valley Bank's bankruptcy had slowed and, in some cases, turned, as investors attempted to determine whether the crisis...

Healthcare companies may turn to traditional major banks and prioritize cash conservation after the failure of regional lenders like Silicon Valley Bank and Signature Bank. The fall of SVB left a void in the life sciences startup sector, locking out...