The transformative potential of blockchain technology has been compared to that of the internet in the 1990s. Blockchains, like the internet, have the potential to drive dramatic institutional efficiency gains, save billions through reduced operational, financial, legal, and governance costs, create widespread process redundancy, significantly reduce counterparty, and market risk, and reshape the financial market […]
Loans
First Citizens BancShares Inc said on Monday it will acquire the deposits and loans of failed Silicon Valley Bank, closing one chapter in the crisis of confidence that has ripped through global financial markets. The Federal Deposit Insurance Corporation (FDIC), which took control of SVB earlier this month, said in a separate statement it has […]