By Susan Mathew, Amruta Khandekar and Pete Schroeder (Reuters) – Regional U.S. lender First Citizens BancShares scooped up the assets of failed peer Silicon Valley Bank on Monday, in a vote of c[...]
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March 28, 2023
U.S. backstops Silicon Valley Bank sale to First Citizens
By Scott Murdoch and Mehnaz Yasmin (Reuters) – U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares to acquire failed Silicon Valley Bank, trig[...]
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Nvidia shows new research on using AI to improve chip designs
By Stephen Nellis (Reuters) – Nvidia Corp, the world’s leading designer of computer chips used in creating artificial intelligence, on Monday showed new research that explains how AI can b[...]
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Judge halts Voyager Digital’s $1.3 billion sale to Binance.US
(Reuters) -A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the U.S. government more time to[...]
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Lyft picks new CEO as founders tap out amid fierce competition
By Nivedita Balu (Reuters) -Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member David Risher taking on the top role as the ride-hailing[...]
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