Fintech Funding: Vesey Ventures launches $78M fintech fund
Vesey Ventures has launched a fintech startup fund with $78 million in capital to help early-stage tech companies get off...
Banking
PacWest says in talks with potential partners after share plunge
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to...
Increased scrutiny on tech-forward banks
Tech-forward Silicon Valley Bank collapsed in March, followed two days later by Signature Bank and this week First Republic Bank....
Arc hires former FRB, SVB employees
Former Silicon Valley Bank and First Republic Bank employees are knocking on the door of digital bank Arc to fill...
Fintech accelerator moved assets to First Republic in March
Fintech accelerator Expert Dojo, a former client of Silicon Valley Bank, moved some of its deposits to First Republic Bank...
JPMorgan First Republic deal ends second-biggest U.S. bank failure
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to...
UBS ups tech spend 11% in Q1
UBS Group AG invested in onboarding technology through enhanced know-your-customer and anti-money laundering processes in the first quarter, which will...
Credit Suisse discloses $73M in software investments in Q1
Credit Suisse reported higher operating expenses during the first quarter as the financial institution invested in software, shrunk its team...
U.S. Bank increases e-commerce, tech-led merchant revenue
U.S. Bank continued its multiyear strategy to invest in e-commerce and tech-led revenue efforts in the first quarter of 2023....
Goldman Sachs tech spend jumps 10% YoY to $466M
Goldman Sachs was focused on growing its Global Banking and Markets, and Asset and Wealth Management businesses in the first...
