acquisition


Finance

First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits

The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.

The FDIC completed a sale of most of Silicon Valley Bank's assets to First Citizens Bank. (George Rose/Getty Images)

Finance

First Citizens to Buy Silicon Valley Bank: Bloomberg

SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.

(Provided)

Finance

Asset Managers Blackstone, Apollo Eyeing SVB Assets: Bloomberg

Silicon Valley Bank collapsed last week following a $42 billion bank run after it announced plans to sell $2.24 billion in new shares.

(Justin Sullivan/Getty Images)

Finance

HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound

Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.

(Provided)

Finance

Binance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX

The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage.

Logo de Binance. (Unsplash)

Finance

Banking Startup LevelField Aims to Become First FDIC-Insured Institution to Offer Crypto Services

LevelField inched closer to its goal of offering both traditional and crypto banking services following its acquisition of the FDIC-insured Burling Bank.

Shutterstock

Web3

NFT Management Application Floor Acquires Data Platform WGMI.io

The move will make the Floor user experience more expansive by showcasing data to help educate traders.

(Passakorn Prothien/Getty Images)

Web3

NFT Collection Doodles Acquires Emmy-Nominated Animation Studio

The deal for Golden Wolf brings the project's founder, Ingi Erlingsson, into Doodles' fold.

NFT collection Doodles on NFT marketplace OpenSea (modified by CoinDesk)

Finance

Binance.US Agrees to Buy Voyager's Assets for $1.02B

The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager's assets.

Binance CEO Changpeng Zhao at Consensus Singapore 2018 (CoinDesk)

Finance

Binance Finalizes Acquisition of Indonesian Crypto Trading Firm Tokocrypto

Tokocrypto's CEO will step down and 58% of staff will be laid off as part of the deal, says Tokocrypto spokesperson.

Jakarta, Indonesia (Shutterstock)

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