Cloud banking software firm nCino shares surge after report of possible sale
A Reuters news service report that Wilmington-based nCino might be sold triggered a surge of more than 20% in its stock price on Friday.
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banking
State Employees’ Credit Union names veteran female exec as new CEO
The State Employees’ Credit Union, which is the second-largest credit union in the U.S. said company veteran Leigh Brady was named CEO. She is SECU’s first female CEO and has spent 35 years the institution.
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UBS closes on takeover of Credit Suisse, which has big RTP presence and is still hiring
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country’s two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil.
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Takeover of Credit Suisse, which has big Triangle tech center, by UBS nears
Switzerland’s UBS said Monday that it expects to complete its takeover of longtime rival Credit Suisse as early as next week. Here are the details.
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Wilmington fintech nCino’s CEO remains ‘confident’ despite reporting $11.2M loss
“We remain confident in our future trajectory while navigating current market conditions and believe we are well positioned for long-term profitable growth,” nCino’s chair and CEO says after latest earnings report.
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First Citizens sues rival over poaching Silicon Valley Bank employees
Raleigh’s First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business.
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Wilmington fintech Apiture’s digital banking drives new growth for NY bank
Apiture, a Wilmington-based fintech firm, is helping a recently acquired New York-based bank swell its deposits.
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Deutsche Bank to pay $75M to settle Jeffrey Epstein-related lawsuit
Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier.
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Silicon Valley Bank, Signature Bank execs sidestep blame for collapses
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday, instead using their time to assign blame to events they said were largely out of their control.
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