January 30, 2023
Via: FinTech FuturesFollowing the investment, Monument, which is regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), says it is looking to expand its product suite and services to cater to the mass-affluent both in the UK and globally. […]
January 25, 2023
Via: FinTech FuturesThe total funding is made up of a mix of revolving credit facility capacity and new term loan funding. The revolving credit facility has been provided by Barclays ($100 million) and Angelo Gordon ($60 million), and the $100 million in […]
Activity, Corporate Banking, Regulations
January 12, 2023
Via: FinTech FuturesAccording to the lawsuit, filed in December last year in the US District Court in Delaware, Javice allegedly claimed Frank – a student loan application fintech – had more than 4.25 million student users but had used “synthetic data” techniques […]
December 16, 2022
Via: Bank DirectorIn the first stages of the pandemic, it became apparent that many banks were unable to effectively meet the needs of their small business customers in terms of convenience, response time, fast access to capital and overall customer experience. Innovative […]
December 15, 2022
Via: FinTech FuturesBarclays says it arrived at the decision following “substantial interest and demand”. The move will see the bank’s Sustainable Impact Capital investment mandate increase from £175 million by 2025 to £500 million by 2027. “The success of the investments to […]
December 15, 2022
Via: FinTech FuturesThe announcement was made by Visa chairman and CEO Alfred Kelly, Jr. at the US-Africa Business Forum, alongside the US-Africa Leaders Summit in Washington DC. Expanding its investment, Visa says, will enable “greater access” to digital payments, which will further […]
December 13, 2022
Via: PR NewswireBrown Gibbons Lang & Company (BGL), a leading investment banking and financial advisory firm, is pleased to announce a new partnership between Synergy Plastic Surgery, a highly regarded plastic surgery practice based in Austin, Texas, and Pinnacle Dermatology. BGL’s Healthcare […]
December 5, 2022
Via: Insurance JournalTexas Regional Bank (TRB) announced the addition of insurance to its suite of financial services. TRB Insurance will offer a wide range of products and services, including home, auto, and life insurance, as well as commercial insurance. “At TRB, we […]
December 1, 2022
Via: YahooU.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG). The transaction brings together two premier organizations to serve customers and communities […]
November 16, 2022
Via: YahooIn a filing last week, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the massive conglomerate run by legendary investor Warren Buffett, reported that it had significantly trimmed its position in large regional lender U.S. Bancorp (NYSE: USB). Berkshire and Buffett first purchased […]
November 14, 2022
Via: Insurance JournalEnstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced that one of its wholly owned subsidiaries has closed its loss portfolio transfer transaction with specialty insurance underwriter Argo Group International Holdings Ltd. to reinsure a number of its direct U.S. […]
November 4, 2022
Via: Banking Dive“As we refocus on retirement, we have decided now is the appropriate time for TIAA Bank to begin a new chapter under new ownership,” David Nason, TIAA’s chief operating officer said in a statement. “The changes we’re announcing are in […]
October 5, 2022
Via: Banking DiveThe past two years have seen more than a handful of banks based on other continents pull up the stakes on their foreign outposts. BBVA sold its U.S. footprint to PNC. HSBC spun off its U.S. branches to Citizens and […]
August 11, 2022
Via: PR NewswireArab Palestinian Investment Company (APIC) Chairman and CEO Tarek Aggad announced that APIC achieved net profits from continuing operations of USD 20.4 million in the first half of 2022, versus USD 16.9 million for the same period of 2021, a […]
Activity, Capital and Risk, Corporate Banking, Credit
August 9, 2022
Via: YahooWith another innovative RTP® Network solution, U.S. Bank can now provide loan funds to auto dealers instantly after the loan contract is finalized by the bank. Following a successful pilot completed in June, U.S. Bank has already enabled more than […]
Activity, Corporate Banking, Investment Banking
August 4, 2022
Via: FinTech FuturesThe new debt commitment follows Tabby’s $54 million Series B extension in March this year. Tabby says the investment “fortifies” its balance sheet and supports its sustained growth in transaction volumes and product expansion. It adds that it will continue […]
July 18, 2022
Via: FinTech FuturesThe firm says the deal will boost the growth of its retail and commercial businesses “while also improving the geographic balance of its business in Australia”. The acquisition includes around $32 billion in home loans, $30 billion in deposits and […]
June 7, 2022
Via: Bank DirectorBanking as a service, or BaaS, has become one of the most important strategic imperatives for chief executives across all industries, including banking, technology, manufacturing and retail. Retail and business customers want integrated experiences in their daily lives, including seamlessly […]
June 3, 2022
Via: Bank DirectorAs the banking industry shrinks each year, CEOs often ask what they should look out for to improve profitability during and after a merger or acquisition. There is one area that is all too often overlooked: debit card profitability. As […]
May 18, 2022
Via: FinTech FuturesThrough the partnership, the two firms aim to develop digital banking solutions that will help banks bolster their ESG credentials and encourage customers to adopt more sustainable consumption habits. Henrik Rosvall, founder and CEO of Dreams, says, “Through our strategic […]