Silicon Valley Bank collapsed on Friday following a run on its accounts, but the US government now says account holders, including many tech companies, will be able to access their money after all.
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The Libra Association has picked James Emmett to be the Managing Director of Libra Networks LLC, overseeing the development and operation of the Libra payment system. He formerly worked at HSBC.
HSBC and TSB Bank are the latest banking institutions in the UK to suffer major disruptions to their mobile and internet banking services. For its part, HSBC says some services have been restored.
In an effort to bolster cyber security, HSBC are giving business customers the ability to provide selfies as a method of identity verification when opening new accounts and speed up the process.
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