Harland & Wolff, Titanic Shipbuilder, Files for Bankruptcy
For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.
Posted inAssets, Frozen Banking and Financial Institutions Bankruptcies Evolve Bank & Trust Federal Deposit Insurance Corp Regulation and Deregulation of Industry Synapse Technology
How to Keep Your Money Safe if Your Online Lender Is Not a Bank
The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups.
Posted inBanking and Financial Institutions Bankruptcies E-Commerce Federal Deposit Insurance Corp Start-ups
$95 Million
The amount unaccounted for after the failure of a company that operated banking software for online financial start-ups.
Posted inAssets, Frozen Banking and Financial Institutions Bankruptcies Evolve (Bank) Federal Deposit Insurance Corp Regulation and Deregulation of Industry Synapse Technology
Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.