Category: Activity

August 30, 2023

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 […]

August 29, 2023

Founded in 1983 and headquartered in Overland Park, Kansas, Creative is a wealth management firm specialising in financial planning, investment management and retirement funds and has around $245 billion in combined assets under management and advisement. The firm has adopted […]

August 24, 2023

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 […]

August 21, 2023

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 […]

August 17, 2023

The fintech says the expansion and refinancing of its existing credit facility will “sustain its efforts in helping underserved clients” as it seeks to grow its current portfolio and presence in the US market. “This deal not only strengthens our […]

August 16, 2023

As a Minority Depository Institution (MDI) and a US Small Business Administration Preferred Lender, Tasi Bank, a division of the Bank of Guam, supports a consolidated offering of banking and fintech capabilities to serve the region’s financially excluded communities, with […]

August 15, 2023

Citizens Bank of Edmond CEO Jill Castilla’s latest venture combines two key elements of her professional life: financial services and the military. For the past several years, the bank executive and military veteran has been building a national digital bank […]

August 8, 2023

At Light Tree, in addition to renovating existing apartments and building additional units, residents now have many new amenities to enjoy including community gardens, a basketball court, play structure and a pool. In 1966, Light Tree Apartments opened in the […]

August 8, 2023

A shareholder sued KeyBank on Friday, claiming the Cleveland-based lender misled investors about its liquidity when it revised its projection for net interest income this year. The bank adjusted its NII estimate to a range of 1% to 4% — […]

August 7, 2023

From 2 September 2023, Revolut’s US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled a month later. A spokesperson for the bank told FinTech Futures that […]

August 1, 2023

Over 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

The 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 31, 2023

Elon Musk last week unveiled a sweeping rebrand of Twitter, the social media site he acquired for $44 billion in October. The billionaire replaced the platform’s iconic bird logo with an ‘X,’ the site’s new name and reflection of his […]

July 27, 2023

Flagstar 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 26, 2023

Banc of California agreed to buy PacWest Bancorp in a deal that includes a $400 million investment from Warburg Pincus and Centerbridge Partners, and gives the private-equity firms a 19% stake in the combined company. The combined company is expected […]

July 25, 2023

Following earlier speculation that it might pursue the German market, Dimon finally confirmed the move with regional newspaper Handelsblatt on Friday, sharing that the US banking giant has “ambitions plans” for its arrival. Chase’s European debut has so far only […]

July 18, 2023

Bank 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

U.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 27, 2023

U.S. Bank today launched its first emerging middle market-focused commercial card solution, the U.S. Bank Commercial Rewards Card. Powered by TravelBank – the award-winning fintech U.S. Bancorp acquired in 2021 – the new all-in-one card, expense and travel management solution […]

June 20, 2023

The 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 […]