Silicon Valley Bank swiftly collapses after tech startups flee
Silicon Valley Bank became the biggest US lender to fail in more than a decade after a tumultuous week that ...
Tag: Bloomberg
SVB races to prevent bank run as funds advise pulling cash
Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists ...
Apple expands testing of ‘buy now, pay later’ service to retail employees
Apple Inc. has expanded an internal test of its upcoming “buy now, pay later” service to the company’s thousands of ...
Paytm shares climb after payments giant reports narrower loss
Shares of Paytm rose after India’s leading digital payments brand posted a narrower third-quarter loss with a surge in revenue. ...
London payments firm moves $1B a month despite ‘red flags’
In the space of just five years, a little-known company on the outskirts of London has grown into a payments-industry ...
FIS’s job cuts reach 2,600 as fintech giant’s review continues
Fidelity National Information Services Inc. has so far eliminated 2,600 staffers as new Chief Executive Officer Stephanie Ferris continues her ...
Denial-of-service attacks rise, raising concerns for banks
Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to ...
JPMorgan is spending and talking the most on AI, index shows
JPMorgan Chase & Co. has a head start when it comes to developing and deploying artificial intelligence in banking, according ...
Microsoft resolves networking issues that caused cloud outages
Microsoft Corp. has resolved widespread problems with its online services, including Outlook and Teams, that it attributed to networking issues. ...
Microsoft Invests $10 Billion in ChatGPT Maker OpenAI
Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its ...
