August 1, 2023
Via: YahooOver the last few years, inflation, rising interest rates and high costs for just about everything have impacted nearly everyone – but for Gen Z, the economic environment has had a profound impact, a new U.S. Bank survey found. Members […]
July 31, 2023
Via: FinTech FuturesThe new facility, which has been provided by client funds managed by US investment banking company Neuberger Berman, will be used to originate additional credit card accounts and boost the growth of its existing cardmember relationships. Founded in 2017 and […]
July 27, 2023
Via: Banking DiveFlagstar isn’t the only institution to win twice in this year’s banking crisis. Now JPMorgan Chase can join it in the two-win column. The nation’s largest bank has agreed to buy $1.8 billion of single-family residential loans from Banc of […]
July 18, 2023
Via: YahooBank of America (BAC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. […]
July 13, 2023
Via: YahooU.S. Bancorp USB is scheduled to report second-quarter results on Jul 19, before the opening bell. The company’s quarterly earnings and revenues are likely to have improved year over year. Before we analyze the factors that are expected to have […]
June 20, 2023
Via: FinTech FuturesThe transaction is expected to close following a court approval hearing scheduled for 29 June. SVB Financial Group filed for Chapter 11 bankruptcy proceedings in the US back in March following the collapse of Silicon Valley Bank. As per the […]
May 16, 2023
Via: YahooWarren Buffett cut his exposure to two more banks last quarter while buying new stock in Capital One (COF). The billionaire’s investment conglomerate Berkshire Hathaway (BRK-A) (BRK-B) sold $1.4 billion of its remaining holdings in custody bank Bank of New […]
May 11, 2023
Via: FinTech FuturesOther investors joining the funding round include Story Ventures, Core Innovation Capital, and RiverPark Ventures. The round also includes strategic investments from Synchrony and Samsung Next. Founded in 2016, Petal helps people build their credit scores by providing access to […]
April 25, 2023
Via: FinTech FuturesNew investors, including a number of angel investors, join existing investors Inovia Capital, Telstra Ventures, Acrew, Lion Capital, NBA superstar Steph Curry, and more. Formerly known as SnapCommerce, the company rebranded to Super and launched SuperCash – a cashback card […]
April 17, 2023
Via: YahooMadison Investments, an investment advisor, released its “Madison Investors Fund” first quarter 2023 investor letter. In the first quarter, the fund was up 6.5% compared to a 7.5% return for S&P 500 Index benchmark. In addition, you can check the […]
April 11, 2023
Via: YahooIn the latest trading session, U.S. Bancorp (USB) closed at $35.61, marking a -0.39% move from the previous day. This move lagged the S&P 500’s daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy […]
March 24, 2023
Via: YahooU.S. Bancorp (USB) closed at $35.06 in the latest trading session, marking a +0.78% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.3%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.34%. […]
March 17, 2023
Via: YahooUS Bancorp (NYSE: USB), the holding company for US Bank, saw its stock price plummet 15.1% this week from last Friday’s close through 10 a.m. ET today, according to S&P Global Market Intelligence. The stock is trading at about $34.50 […]
February 16, 2023
Via: FinTech FuturesDespite the drop, it was still the third-best year for fintech investment ever and the second-best year for deal volume. Global fintech investment dropped by more than 50% in H2 2022 compared to H1 2022, from $119.2 billion to $44.9 […]
January 17, 2023
Via: CNSNews.comPresident Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings. The administration is pushing environmental, social and governance investing, which allows retirement fund managers […]
January 11, 2023
Via: FinTech FuturesWriting on LinkedIn, the firm says that due to “challenging times” and despite its best efforts, “we were unable to overcome the market dynamics to raise additional funding”. Ruuky says the decision to file for insolvency “was not taken lightly” […]
December 30, 2022
Via: YahooIn the latest trading session, U.S. Bancorp (USB) closed at $43.57, marking a +0.51% move from the previous day. This change lagged the S&P 500’s 1.75% gain on the day. At the same time, the Dow added 1.05%, and the […]
Activity, Investment Banking, News
December 21, 2022
Via: Banking DiveSome JPMorgan Chase shareholders feel a recent progress report on its racial-equity promises lacks clarity and that the audit process to create the report had “several deficiencies.” SOC Investment Group, which suggested the bank conduct a racial-equity audit in 2020, […]
December 5, 2022
Via: YahooU.S. Bancorp Community Development Corporation (USBCDC) – one of the most active renewable energy investors in the nation – introduced a debt product and closed its first loan. It’s with Longroad Energy on Three Corners Solar, a $200 million, 152-megawatt […]
November 3, 2022
Via: YahooU.S. Bank’s community development entity (CDE) – USBCDE, LLC – received $60 million of New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury. The allocation was among the largest awarded in this round and is part of […]