Brex

Source: Brex told employees that the fintech is cutting 282 jobs, or ~20% of its staff, saying the team grew “too quickly”, and its CTO and COO are leaving

Q&A with Brex founder and co-CEO Henrique Dubugras on Silicon Valley Bank's collapse, debuting Brex travel to rival SAP Concur, Navan, and TripActions, and more

Nilay Patel / The Verge :

California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits

banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...