Silicon Valley Banks聽new owner faces two challenges: improving business while restoring the banks reputation.In a Financial Times聽interview聽published Sunday April 23 ,聽Peter Bristow聽鈥?the president of North Carolina-based First Citizens 鈥?said he is working to control deposit outflows and keep bankers from jumping ship to join competitors, all while trying to rebuild trust in a financial institution at the center <a href=https://www.cup-stanley-cup.ca>stanley water bottle</a> of a global banking crisis. We are in the early days of getting them stabilized and back in business, said Bristow, whose bank聽purchased Silicon Valley聽 SVB last month after federal regulators took it over.While First Citizens is keeping the SVB name and running it as a unit of its own bank, it has struggled to polish SVBs tarnished brand. <SVB> <a href=https://www.stanleycups.co.nz>stanley cup nz</a> was the number one bank in tech and life sciences for over 30 years and suddenly that went away, so weve spent a lot of time trying to give people confidence that were in the bank and plan to continue to run the model they were running, Bristow said.The report notes that some Silicon Valley startups and investors are skeptical of First Citizens, which has limited venture capital experience. A lot of what SVB did 鈥?eve <a href=https://www.stanley-cups.ro>stanley termos</a> nts, mortgages, venture loans 鈥?made no sense economically unless you saw the full life cycle of the relationship, the head of one multibillion-dollar venture operation told the FT. They were able to do it because they knew everyone in the ecosystem. Bristow suggested his bank could re-examine SVBs lending Zjau HSBC: Tech Sector Should Help Refund APP Fraud Victims
Lyft has a game plan for corporate travel, and this week, the ridesharing company took a step forward in that venture.Reports on Thursday Aug. 25 said Lyft intr <a href=https://www.cups-stanley.fr>gourde stanley</a> oduced a way for professionals using the app to customize their expense reports. The move follows a few months after the rollout of business profiles aimed at helping employees separate their use of Lyft for personal and corporate purposes.The customization capabilities enable users to select which trips they want to show up on their expense reports before they submit them, reports said.Lyft has been battling with main rival Uber for market share on both B2C and B2B fronts. And while its rival is winning, Lyft is quickly gaining ground 鈥?and even surpassing Uber in some aspects.Research from TE firm Certify found earlier this year that Lyft beats out traditional taxis and Uber in terms of customer satisfaction with corporate travelers. The company has also expe <a href=https://www.stanley-cup.us>stanley cup</a> rienced faster growth than its top rival. In one market 鈥?Arlin <a href=https://www.stanleycups.us>stanley website</a> gton, VA 鈥?Lyft saw a 9 percent increase in corporate use of its service. Similar gains were seen across Austin, Los Angeles, San Diego and Chicago, researchers found.Between Q2 2014 and Q2 2016, Lyft saw a 176 percent jump in corporate usage, compared to Uber 145 percent gain.In an interview with reporters, Lyft Chief Business Officer David Baga pointed to the huge market of corporate travelers. Later, a spokesperson for the company told PYMNTS that the firm sees the ente