How Tesla lost its vibes

unherd.com Elon Musk’s electronic music phase may have been a bit of a joke, but it captures the spirit of capital. His 2020 single, “Don’t Doubt ur Vibe (because it’s true)”, is a…

California banks back in the spotlight a year after Silicon Valley Bank collapsed

siliconvalley.com River City Bank likes to boast that it’s a midsized firm that thinks big. The Sacramento, California-based lender has doubled assets to about $5 billion in five years with…

The overlooked threats to the global financial system

financialpost.com Since the great financial crisis of 2007-08, regulators have engaged in the biggest push since the 1930s to de-risk the global financial system. Yet instability and flawed…

Startup-focused neobank Mercury expands to consumers with Mercury Personal, offering support for multiple users, access to up to $5M in FDIC insurance, and more

techcrunch.com Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are…

OCC was ‘asleep at the wheel’ on NYCB, Warren says

finance.yahoo.com Two Democratic senators asked Acting Comptroller of the Currency Michael Hsu, in a letter Monday, why his agency approved the merger between Flagstar and New York Community…

Report: Rippling in Discussions on Funding Round, $13.4 Billion Valuation

pymnts.com Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and $670 million of…

TechCrunch Fintech: Meet PayJoy, a fintech operating at the intersection of doing good and making money

techcrunch.com Welcome to TechCrunch Fintech! This week, we’re looking at how two fintech companies serving the underserved are faring, and more! To get a roundup of TechCrunch’s biggest…

Fewer than half of U.S. banks ready to borrow from Fed in emergency

theglobeandmail.com A year after Silicon Valley Bank’s failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve’s emergency…

US Domestic Deposits Tumble $60BN As Small Bank Loan Volumes Shrank Most Since SVB

zerohedge.com US Domestic Deposits Tumble $60BN As Small Bank Loan Volumes Shrank Most Since SVB Money-market funds saw a small outflow last week (surprisingly small given how close to…

Peapack-Gladstone, Dime hire away 16 teams from NYCB

finance.yahoo.com New York Community Bank subsidiary Flagstar is losing at least 16 teams of private and commercial bankers to New Jersey-based Peapack-Gladstone and Long Island-based Dime…

Are NYCB’s troubles the start of another banking panic?

economist.com A bank publishes lousy earnings or an “update” on its business. Its share price plunges. Its name is splashed on newspaper front pages. The bank’s bosses hold a conference…

In The Next Several Weeks, We Could See $300 Billion Of Liquidity Leaving The System

zerohedge.com In The Next Several Weeks, We Could See $300 Billion Of Liquidity Leaving The System Submitted by Larry McDonald, creator of the Bear Traps Report and author of the newly…

The Complete Side Events Lineup At TC Early Stage 2024

techcrunch.com Super Founders and Funders in AI Panel & Mixer Featuring Venture-backed Founders and VCs Hosted By: Supermomos and HBS AI Club Time: April 22, 6pm to 8pm Description: Join…

US Bank Deposits Soar Back To Pre-SVB Levels, Reserves Decouple From Stocks

zerohedge.com US Bank Deposits Soar Back To Pre-SVB Levels, Reserves Decouple From Stocks Money-market fund total assets jumped over $70BN last week to a new record high above $6.11TN...…