African fintech startup Chipper Cash has recently executed its third round of layoffs within a year, affecting key positions, including the Chief Operating Officer (COO). The company implemented these...
On the 10th of march, 2023, Silicon Valley Bank announced its closure making it the second largest bank collapse in the history of the United States and the first since the 2008.Following this r...
First republic bank share has sold off by a lot in the past days since the bank run news broke out. Just like SVB, the Silicon Valley bank that is facing bankruptcy due to a bank run, FRC is also stru...
In a major financial move, First Citizens Bank has acquired a substantial chunk of Silicon Valley Bank's assets at a discount. The deal, which is estimated to be worth around $72 billion, has extensiv...
Gold prices are expected to hit a new all-time high of $2600 in 2023, compared to $2075 in 2020 as reported by CNBC. Here is what you need to know about this precious mineral, its current price, and w...
The collapse of SVB has had a significant impact on the oil market, and Brent crude has been hit particularly hard. As a global benchmark for oil prices, the fall in Brent crude prices below $80 per b...
SVB Bank, the first FDIC insured bank to fail in 2023, has attracted the attention of several potential buyers. The bank, which has been in operation for over a century, has a storied history and a so...
Elon Musk, the CEO of Twitter and owner of SpaceX and Tesla, has shown interest in acquiring Silicon Valley Bank (SVB), which recently collapsed on March 10, 2023. The collapse of SVB, a four-year-old...
Silicon Valley Bank, a leading financial institution in California, has become the first FDIC-insured bank to fail this year. The bank's closure was initiated by the state regulators, who found that t...