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First Citizens Bank is buying Silicon Valley Bank’s deposits and loans

GeekWire

The deal with First Citizens may provide some market stability following a tumultuous past few weeks since Silicon Valley Bank went down. GeekWire Photo / Nate Bek) First Citizens Bank has agreed to purchase all deposits and loans of Silicon Valley Bank, the Federal Deposit Insurance Corporation announced late Sunday.

Banking 138
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Silicon Valley Bank collapses in biggest American bank failure since 2008 financial crisis

TechSpot

Silicon Valley Bank failed on Friday after a massive run on deposits, putting almost $175 billion, including money from some of the biggest tech companies, under the control of the FDIC (Federal Deposit Insurance Corporation). The bank had been a significant venture capital funding source for technology companies, the New.

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Unisys to acquire Seattle-area startup Unify Square for $152.5M

GeekWire

Founded in 2008, Unify Square helps companies manage collaboration and communication software such as Microsoft Teams, Microsoft 365, and Zoom. Customers include REI, Barclays, Bank of Ireland, Unilever, and others. Investors include Primepulse SE, Microsoft, Bridge Bank, and Stanford University. million in cash.

Banking 130
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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. It was only late last year that Nigeria’s Central Bank (CBN), gave the green light for telcos to acquire mobile money licenses. With the new licenses, banks are set to face some challenges from the telecommunications sector.

Licensing 110
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T-Mobile vets lead startup selling AI-powered tech that reminds customers to pay bills

GeekWire

Other leaders at the company include Thoms, founder of a credit risks and analytics startup called The Devenir Project who also worked as director of credit risk management at T-Mobile, and Prasad Putta , founder of an RFID software provider called OAT systems that was acquired by Checkpoint Systems in 2008.

Mobile 137
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Wells Fargo Consolidates Data Centers, Lowers Carbon Emissions

Data Center Knowledge

Bank has been consolidating IT since takeover of Wachovia during 2008 financial collapse Read More. Consolidation Enterprise'

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Universal’s new contracts will make it more difficult for artists to rerecord their work

The Verge

Photo By: Will Heath/NBC/NBCU Photo Bank via Getty Images. So far, she has rerecorded and released her 2008 album Fearless and her 2012 album Red , with “(Taylor’s Version)” in the album title to distinguish ownership.

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