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FinTech news in svb crash 2023 category

NYCB sub, Flagstar Bank to acquire percentage of Signature Bank assets

Flagstar Bank, a subsidiary of New York Community Bancorp, has signed a takeover agreement with U.S. regulators for some of Signature Bank assets and loans. But not crypto.

Brex CEO Henrique Dubugras is raising $1B for bridge loans

Brex CEO Henrique Dubugras is currently working to raise over a billion dollars in a weekend to help fund an emergency bridge credit line that he believes will help startup customers impacted by Silicon Valley Bank collapse be able to make payroll next week.