Flagstar Bank agreed to a deal with the Federal Deposit Insurance Corporation to purchase most of Signature Bank, though the deal does not include roughly $4 billion of deposits related to the bank’s crypto business, the FDIC announced Sunday. Signature was taken over by New York state regulators last week and was placed into a receivership with the FDIC. The bank had a significant crypto...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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