The Risks of Storing Money in Apps Like Venmo and Cash App
Posted inBanking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Consumer Protection Content Type: Service Deposit Insurance Federal Deposit Insurance Corp Mobile Applications Mobile Commerce and Payments Personal Finances Regulation and Deregulation of Industry

The Risks of Storing Money in Apps Like Venmo and Cash App

The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble.
Corporate Bankruptcies Are Set to Reach a Decade-Long High
Posted inAntitrust Laws and Competition Issues Balwani, Ramesh Bank of America Corporation Bankruptcies Bed Bath & Beyond Inc David's Bridal Inc Deutsche Bank AG Epstein, Jeffrey E (1953- ) Federal Deposit Insurance Corp Garcia, Sergio Golf Google Inc Group of Seven Holmes, Elizabeth (1984- ) internal-storyline-no Justice Department LeCun, Yann LIV Golf Mickelson, Phil Microsoft Corp Murdoch, Rupert OpenAI Labs PGA Tour Inc Private Equity Professional Golfers Assn Silicon Valley Bank Silver Lake Partners Software AG Theranos Inc TikTok (ByteDance) Vice Media Inc World Meteorological Organization

Corporate Bankruptcies Are Set to Reach a Decade-Long High

New data shows that 2023 is shaping up to be the biggest year for Chapter 11 filings in more than a decade.
Smaller Banks Are Scrambling as Share Prices Plunge
Posted inBanking and Financial Institutions Deposit Insurance Federal Deposit Insurance Corp First Republic Bank JPMorgan Chase & Company PacWest Bancorp Short Selling Signature Bank Silicon Valley Bank Stocks and Bonds Western Alliance Bancorp

Smaller Banks Are Scrambling as Share Prices Plunge

Investors are not convinced that regional banks including PacWest and Western Alliance can remain viable. Some are actively betting on their demise.