Banking and Financial Institutions

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Stripe Raises New Funding That Values It at $50 Billion

Stripe Raises New Funding That Values It at $50 BillionThe payments processing start-up was valued at $95 billion in 2021, but private company dealmaking has been hurt by souring global economic conditions.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Kalley Huang Powered by WPeMatico

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After Bank Debacle, Silicon Valley Reckons With Its Image

After Bank Debacle, Silicon Valley Reckons With Its ImageEven as start-ups and investors began recovering their money from Silicon Valley Bank, the episode exposed the tech industry’s vulnerabilities.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Erin Griffith and Mike Isaac Powered by WPeMatico

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Silicon Valley Bank’s Collapse Causes Strain for Young Companies

Silicon Valley Bank’s Collapse Causes Strain for Young CompaniesYoung companies raced to get their money out of the bank, which was central to the start-up industry. Some said they could not make payroll.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Erin Griffith Powered by WPeMatico

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Supreme Court Wrestles With Suit Claiming Twitter Aided Terrorists

Supreme Court Wrestles With Suit Claiming Twitter Aided TerroristsThe case, arising from an attack in Istanbul, was a companion to a case argued a day before that tested a shield for technology platforms.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Adam Liptak Powered by WPeMatico

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Sam Bankman-Fried, Founder of FTX, Responds to Fraud Charges

Sam Bankman-Fried, Founder of FTX, Responds to Fraud ChargesThe disgraced founder of the crypto exchange FTX denied that he stole anyone’s money and said customers could still get their deposits back.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany and Matthew Goldstein Powered by WPeMatico

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Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal

Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail DealLawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany, William K. Rashbaum, Matthew Goldstein and Benjamin Weiser Powered by

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FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry

FTX Founder Sam Bankman-Fried Faces Market Manipulation InquiryFederal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Emily Flitter, David Yaffe-Bellany and Matthew Goldstein Powered by WPeMatico

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The Crypto Industry Struggles for a Way Forward After FTX Collapse

The Crypto Industry Struggles for a Way Forward After FTX CollapseThe implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124David Yaffe-Bellany Powered by WPeMatico

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On Twitter, Elon Musk Details His Plans for Twitter’s Business

On Twitter, Elon Musk Details His Plans for Twitter’s BusinessMr. Musk, the social media service’s new owner, has been looking for ways to generate more revenue at the company.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Tiffany Hsu and Kate Conger Powered by WPeMatico

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Robinhood Prices Its I.P.O. at $38 a Share

Robinhood Prices Its I.P.O. at $38 a ShareThe stock trading app is set to start trading as a public company on Thursday.http://rss.nytimes.com/services/xml/rss/nyt/Technology.xmlNYT > Technologyhttps://static01.nyt.com/images/misc/NYT_logo_rss_250x40.pngTechnology124Erin Griffith and Lauren Hirsch Powered by WPeMatico

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