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Bank of America's Merrill Lynch arm has been steadily rolling out digital products since 2020, most recently a program for advisors to produce short videos.
The shutdowns of Silvergate Capital and Signature Bank are likely to send crypto-related businesses and digital asset innovation offshore.
Some cities and states are making employers disclose salary ranges in job ads. This could make recruiting top talent harder for startups with lower pay scales.
The challenger bank, which is currently fighting off a lawsuit from the Consumer Financial Protection Bureau, is still "growing into profitability" according to one analyst.
Leaders said the value of learning about emerging technologies outweighs a tighter economic environment.