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Category: Investment Banking


Activity, Investment Banking, Regulations

Treasury Department Issues Proposed Rule to Enhance CFIUS Procedures, Enforcement Authorities

May 13, 2024

Via: JD Supra

Almost six years after the enactment of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the U.S. Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of […]


Activity, Investment Banking

Monzo secures additional $190m funding from new and existing investors

May 9, 2024

Via: FinTech Futures

UK-based VC firm Hedosophia supported the raise as a new investor, alongside existing investors including CapitalG, the independent growth fund of Google’s parent company Alphabet. The new funding adds to Monzo’s initial $430 million raise in March, which was led […]


Activity, Investment Banking

JTC to acquire First Republic Trust Company of Delaware from JP Morgan for $21m

April 23, 2024

Via: FinTech Futures

JTC describes FRTC-DE as “highly complementary” to its previous acquisitions of South Dakota Trust Company (SDTC) and New York Private Trust Company (NYPTC). The proposed deal, which is subject to customary closing conditions, will see FRTC-DE and its $9 billion […]


Activity, Investment Banking

JPMorgan is still stuck on soccer

March 20, 2024

Via: Banking Dive

JPMorgan Chase has created a “sports investment banking coverage group” aiming to offer advisory and financing solutions for potential investors in athletic franchises, Reuters reported Tuesday, citing an internal memo. “Sports has become an increasingly large asset class, attracting more […]


Activity, Investment Banking

UBS eyes US growth with wealth business

March 18, 2024

Via: Banking Dive

UBS aims to expand its wealth management business in the U.S. through potential M&A activities within the next three to four years, Chair Colm Kelleher told the the Swiss NZZ newspaper Sunday, according to Reuters. Since its acquisition of Credit […]


Activity, Investment Banking

Lloyds Bank backs new £62m community development fund

March 4, 2024

Via: FinTech Futures

The CIEF has been launched to provide funding to Community Development Finance Institutions (CDFIs). CDFIs are non-profit lenders including community development banks, credit unions, loan funds and venture capital funds which service underserved communities specifically with small business loans, real […]


Activity, Investment Banking

Cross River Bank Group launches new investment banking unit

February 29, 2024

Via: FinTech Futures

The group – which is headquartered in Kansas City and includes CRB Securities and embedded finance solutions vendor Cross River Bank – says the new division will work to advise fintechs on “their most critical decisions, including mergers and acquisitions, […]


Activity, Investment Banking, News

Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive

February 5, 2024

Via: FinTech Futures

The German investment bank says the cuts will mainly apply to “non-client-facing areas” as it looks to streamline its business in Germany and lower its annual total operating cost to €20 billion by 2025. Deutsche Bank currently employs around 90,000 […]


Activity, Investment Banking

U.S. Bancorp (USB) Advances While Market Declines: Some Information for Investors

January 4, 2024

Via: Yahoo

The most recent trading session ended with U.S. Bancorp (USB) standing at $43.21, reflecting a +1.08% shift from the previouse trading day’s closing. The stock’s performance was ahead of the S&P 500’s daily loss of 0.34%. Meanwhile, the Dow gained […]


Activity, Investment Banking

2023 Foreign Direct Investment Year End Update: Continued Expansion of FDI Regulations

December 20, 2023

Via: JD Supra

As previously reported, regulations and restrictions on Foreign Direct Investment (“FDI”) have expanded quickly in the United States and in many of its trading partner countries around the world. FDI has been further complicated in the U.S. by the passage […]


Activity, Investment Banking

Iowa bank failed because of trucking investments

December 11, 2023

Via: Banking Dive

As trucking firms seek to move past sluggish conditions, the market continues to claw at loan repayments and carriers’ ability to survive. The failure of Citizens Bank of Sac City, in Iowa, last month and credit risks with some banks’ […]


Activity, Investment Banking

Shareholders give Metro Bank refinancing deal the green light

November 28, 2023

Via: FinTech Futures

The £925 million refinancing plan, compiled by Morgan Stanley and Moelis, comprises a £325 million equity capital raise and £600 million in debt financing. It also raises the stake of the bank’s largest shareholder, Colombian billionaire Jaime Gilinski Bacal’s Spaldy […]


Activity, Investment Banking

Silverflow’s innovative cloud-based payments processing platform raises €15 Million investment led by Global Paytech Ventures

November 16, 2023

Via: PR Newswire

Silverflow, a cutting-edge payment processing technology company, has secured a €15 Million investment led by industry veterans and payments experts at Global Paytech Ventures. Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors also participated with a valuation […]


Activity, Investment Banking

UK challenger Monument Bank completes £40m Series B raise, eyes more funding

November 9, 2023

Via: FinTech Futures

The round also saw existing investor Dubai Investments acquire an additional 7.68% equity stake in the challenger, increasing the group`s holding in the bank from an initial 9.25% to 16.93%, subject to regulatory approvals. While the latest funding has taken […]


Activity, Investment Banking

Atom Bank on track for balance sheet growth following £100m equity raise

November 2, 2023

Via: FinTech Futures

The bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, took part in the private capital raise. The trio of investors previously enabled the bank to secure £105 million in funding last year across two capital raises. Atom says the […]


Activity, Investment Banking, Regulations

SEC investigates Wells Fargo’s cash sweep feature

November 1, 2023

Via: Banking Dive

The Securities and Exchange Commission is investigating the cash sweep options Wells Fargo provides to investment advisory clients at account opening, the bank disclosed in a regulatory filing on Tuesday. Wells Fargo Advisors offers a sweep feature with three options […]


Activity, Investment Banking

US Treasury grants Truist $65m NMTC allocation to spur investment in underserved communities

October 17, 2023

Via: FinTech Futures

NMTCs typically come with favourable interest rates and non-traditional financial terms and conditions, helping to attract investment from private entities, banks and corporations. Investors then leverage the NMTCs to finance development projects in underserved and low-income communities, often in the […]


Activity, Investment Banking

MoonPay creates new venture division to fund early-stage start-ups

August 30, 2023

Via: FinTech Futures

MoonPay Ventures aims to focus on early-stage companies looking to build Web3 experiences and drive “industry-wide value” through increased adoption of the technology. It has already made a number of investments in the space, including in companies such as BCB […]


Activity, Investment Banking

Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie

August 24, 2023

Via: FinTech Futures

Mateu Batle, the fintech’s CEO and co-founder, confirmed that the investment is to be applied to support its growth and expansion, which includes attracting more SMBs to the platform. This ambition will be further reinforced by the planned integration of […]


Activity, Corporate Banking, Investment Banking

Citi may break up commercial unit into 3 pieces: reports

August 21, 2023

Via: Banking Dive

If an ICG split happens, it wouldn’t be the first time a major Wall Street bank has spread out responsibility from two or three pillars to five. Wells Fargo in 2020, split its wholesale bank into a commercial unit and […]