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The alleged improper billing is tied to a contract with a third-party vendor and took place when the hospital was under different ownership.

Starting the year with just $2 million in cash and almost no revenue in sight, Navidea Biopharmaceuticals Inc. is counting on an ongoing fundraising effort to keep its doors open and finally get a “promising” drug through regulatory approval.

Board members of the Dublin biotechnology firm are “actively engaged” in talks with sources of outside capital, said Dr. Michael Rosol, chief medical officer, in a recorded webinar with investors this week after reporting larger 2022 net loss than the prior…

The Federal Deposit Insurance Corp. reportedly extended to Friday a deadline for bids on the wealth management unit of the former Silicon Valley Bank.

The agency had previously set a deadline of 8 p.m. Wednesday. But it's now pushed back the date when bid are due until Friday, Bloomberg reported Tuesday. Friday is the same day that bids are due on rest of the Santa Clara-based bank, which failed March 10 after it ran out of cash to cover a massive run of withdrawals .

Bloomberg didn't know why…

McIsaac has served as the president of the community bank since 2020, and is expanding her role after 30 years in the industry.

Good morning, readers.

We've got another angle on the banking turbulence for you today: its effect — both immediate and in the future — on the already strained residential real estate sector.

You can also read on to hear about a California university that has to sell its campus and shut its doors, entrenchment of remote work and further investment in the electric-vehicle supply chain.

We've got all that and more top news and trends to start your Thursday.

This month's banking turmoil…

The Federal Deposit Insurance Corp. reportedly extended to Friday a deadline for bids on the wealth management unit of the former Silicon Valley Bank.

SVB Private was formerly known as Boston Private. SVB Financial acquired the latter for $1.1 billion in stock in 2021.

The agency had previously set a deadline of 8 p.m. Wednesday. But it's now pushed back the date when bid are due until Friday, Bloomberg reported Tuesday. Friday is the same day that bids are due on rest of the Santa Clara-based…

The appointment comes after the local leader opted to exit from the board of Humana Inc.

UC Health has parted ways with Lafe Bauer and Estella Neizer-Ashun, two executives at the Daniel Drake Center.

The firm's stock research takes the unusual step of not issuing ratings, earnings estimates and price targets on the fintechs it covers.

Though 2023 is a turbulent time for the financial industry, with two banks collapsing and continuously rising interest rates, 2022 was a year of growth as the majority of local financial planning firms increased their numbers of locally managed assets last year.