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Activity, Corporate banking

Independent Bank to Acquire Traverse City State Bank

December 5, 2017

Via: ABF Journal

Independent Bank signed a definitive merger agreement to acquire TCSB Bancorp, the parent company of Traverse City State Bank. Both boards of directors unanimously approved the agreement. Under the merger terms, TCSB shareholders will receive 1.1166 shares of IBCP common […]


Activity, Insurance

USI Completes Acquisition of Wells Fargo Commercial Insurance Business

December 4, 2017

Via: Insurance Journal

USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting, employee benefits and property/casualty insurance national practices of […]


Activity, Trading

CBOE beats rival CME to punch for bitcoin futures trading

December 4, 2017

Via: Finextra

Monday, December 11, will be the first full day of trading, and trading will be free[1] through December. Cboe’s bitcoin futures will trade on CFE under the ticker symbol ‘XBT.’ XBTSM futures are cash-settled contracts based on Gemini’s auction price […]


Activity, Capital and risk, Liquidity, Trading

CME to launch bitcoin futures in three weeks after green light from regulator; bitcoin jumps

December 1, 2017

Via: CNBC

CME announced Friday its new bitcoin futures contract will be available for trading on Dec.18. The CME announcement came as the Commodity Futures Trading Commission said it will allow the world’s largest futures exchange and its competitor, the Cboe Futures […]


Capital and risk, Credit

10 Surprising Reasons Why More Americans Have Credit Card Debt

December 1, 2017

Via: GOBankingRates

When used responsibly, credit cards are a useful addition to your wallet. They’re not only safer than cash, they can also build your credit rating. And some cards include a rewards program, helping you save money on future purchases. But […]


Capital and risk, Liquidity, Macroeconomic

Credit Suisse CEO now has a whole new perspective of central banks

November 30, 2017

Via: CNBC

The chief executive of Credit Suisse has sharply altered his view on global central banks, telling CNBC that policymakers have been handling the current environment “very well.” “You have heard me previously taking about QE (quantitative easing) in a negative […]


Activity, Investment banking

Gordon Brothers Finance Agents $25MM Term Loan for Rivet

November 30, 2017

Via: ABF Journal

Australian transportation and logistics company Rivet obtained a financing package, including a term loan from Boston-based Gordon Brothers Finance Company and Gordon Brothers, which refinanced existing facilities and facilitated the ownership transfer and expansion of its business. Rivet CEO Mark […]


Capital and risk, Macroeconomic

US third-quarter economic growth raised to 3.3%

November 29, 2017

Via: CNBC

The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending. Gross domestic product expanded at a […]


Capital and risk, Credit

This Is the Most Popular Type of Credit Card Among Americans

November 29, 2017

Via: GOBankingRates

Nearly 200 million Americans have credit cards, according to Statistic Brain Research Institute. How people use them and what kinds of cards they use vary, however. GOBankingRates surveyed more than 2,000 Americans about their credit card behaviors and preferences, asking […]


Capital and risk, Liquidity

Dollar extends gains as Powell confirmation gets on under way

November 28, 2017

Via: Market Watch

The U.S. dollar added to previous gains against its major rivals on Tuesday, as traders braced for remarks from Jerome Powell, the Federal Reserve official nominated to take the baton from Chairwoman Janet Yellen when her term ends in February. […]