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Category: Channels


Channels

Why Warren Buffett Should Sell His Wells Fargo Stake

November 15, 2017

Via: TheStreet

Colin Kaepernick felt so strongly about his message of social and racial equality that he not only took a knee during the U.S. national anthem to spread the word, but also very likely ended his career in professional football at […]


Capital and risk, Channels, Credit

Golub Capital Provides Facility to Support CenterOak Partners Buy

November 9, 2017

Via: BF Journal

Golub Capital served as administrative agent, sole bookrunner and sole lead arranger for a senior credit facility to support the acquisition of FullSpeed Automotive by CenterOak Partners. FullSpeed Automotive, formerly Grease Monkey International, is one of an independent franchisor of […]


Channels

Capital One Permanently Exits Mortgage and Home Equity Business

November 8, 2017

Via: Bank Innovation

The Virginia-based bank announced an abrupt, and permanent, closure of its mortgage and home equity origination business this week, citing that the sector was too competitive for the bank to turn a profit. Capital One first acquired its mortgage division […]


Channels

M&T Names Drake Western New York Region President

October 19, 2017

Via: ABF Journal

M&T Bank promoted Shelley Drake to the position of regional president for Western New York. Drake will directly manage middle market banking in M&T‚Äôs Western New York region, which includes 77 offices and a leading market share across the eight […]


Activity, Channels, Insurance

Universal Insurance Holdings Expands to New York with Launch of Universal Direct

October 17, 2017

Via: Insurance Journal

Universal Insurance Holdings Inc. has announced that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has written its first homeowners policy in New York. The company also announced the official launch of Universal Direct, the direct-to-consumer online platform […]


Channels

Wells Fargo Underwrites Itron Acquisition of Silver Spring Networks

October 9, 2017

Via: ABF Journal

Itron will all outstanding shares of Silver Spring for $16.25 per share in cash in a transaction valued at $830 million, excluding $180 million in Silver Spring cash. Itron is funding the deal, fully underwritten by Wells Fargo, with cash […]


Channels, Regulations

Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways

October 4, 2017

Via: Insurance Journal

U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue. Wells Fargo has disclosed […]


Channels

Live Oak and First Data open up to digital banking with Apiture JV

October 3, 2017

Via: Banking Technology

International paytech firm First Data and a bank in North Carolina, Live Oak, have partnered to form a new digital banking joint venture (JV) called Apiture. The start-up aims to help community banks compete with the industry heavyweights like Bank […]


Channels

Favorite to be next Fed chair believes central bank is a ‘slave’ to the stock market

October 2, 2017

Via: CNBC

Kevin Warsh, the favorite to be the next chairman of the U.S. Federal Reserve, apparently believes the central bank has become a servant to the stock market after years of loose monetary policy. Uber-bear Albert Edwards, an economist at Societe […]


Channels

Virtusa and WorkFusion team on AI-powered sanctions screening

September 27, 2017

Via: Finextra

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, and WorkFusion, the leading provider of intelligent automation, today announced the launch of an artificial intelligence (AI)-powered sanction screening solution […]