Category: Activity

November 16, 2022

In a filing last week, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the massive conglomerate run by legendary investor Warren Buffett, reported that it had significantly trimmed its position in large regional lender U.S. Bancorp (NYSE: USB). Berkshire and Buffett first purchased […]

November 14, 2022

Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced that one of its wholly owned subsidiaries has closed its loss portfolio transfer transaction with specialty insurance underwriter Argo Group International Holdings Ltd. to reinsure a number of its direct U.S. […]

November 4, 2022

“As we refocus on retirement, we have decided now is the appropriate time for TIAA Bank to begin a new chapter under new ownership,” David Nason, TIAA’s chief operating officer said in a statement. “The changes we’re announcing are in […]

November 3, 2022

U.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 […]

October 26, 2022

The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation and saw participation from banking giant JP Morgan, which came in with the largest investment. Existing investor Patriot Financial Partners and new investors Discover Financial Services, […]

October 7, 2022

Designed for both Uber drivers and couriers, the Uber Pro Card will help drivers save on fuel, fees and other associated expenses, with earnings automatically deposited into a business checking account powered by Branch. Through the Uber Pro Card app, […]

October 5, 2022

The past two years have seen more than a handful of banks based on other continents pull up the stakes on their foreign outposts. BBVA sold its U.S. footprint to PNC. HSBC spun off its U.S. branches to Citizens and […]

September 29, 2022

Marqeta’s report points to consumers acquiring more credit cards. The share of consumers who only have one credit card fell, from 49% in 2021 to 39% this year. Conversely, the portion of respondents with two credit cards increased, from 31% […]

September 28, 2022

Card fraud is an ongoing concern for financial institutions, despite the popularity of newer payment methods, the PYMNTS-Featurespace study, released on Sept. 13, highlighted. But emerging payment methods, including P2P vehicles such as Zelle, Venmo, Cash App and others, are […]

September 23, 2022

According to the two firms, the 2025 Fintech Pledge will provide UK consumers with “10 million positive actions” to help them build up their financial resilience. The actions will focus on four areas – savings, credit building, debt consolidation and […]

September 21, 2022

The new financial brand, set to launch in early 2023, will offer bespoke financial products and services designed to meet the unique needs of newly enlisted members of the armed forces. Nymbus Labs will be responsible for the brand creation, […]

September 20, 2022

The fresh funding brings the total capital raised by Monese to $208 million and will be used to grow its cloud-based Platform-as-a-Service (PaaS) business. Last year, Monese launched its PaaS business in a strategic partnership with Investec, which saw the […]

September 8, 2022

The digital bank’s debit card offering comes with a multi-currency account (CHF, EUR, GBP and USD) with real-time foreign exchange features and no handling fees, Alpian claims. With the Visa partnership, Alpian’s debit card will be accepted in over 200 […]

August 28, 2022

This year has been challenging for investors, as persistent inflation has been the big story. With this uncertainty, the S&P 500 index got off to its worst start in 52 years. The Federal Reserve is on a mission to bring […]

August 26, 2022

In the latest trading session, U.S. Bancorp (USB) closed at $47.76, marking a +1.21% move from the previous day. This move lagged the S&P 500’s daily gain of 1.41%. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq lost 0.02%. […]

August 26, 2022

As the current economy shifts and evolves in response to inflationary pressures, and consumer debt increases, banks may encounter an influx of customers who are accruing late charges, overdue accounts and delinquencies for the first time in nearly a decade. […]

August 23, 2022

You can make that happen through passive income, and one of the best ways to generate it is by investing in dividend-paying stocks. Here are three dividend-paying bank stocks you can trust. U.S. Bancorp (NYSE: USB) is the parent company […]

August 23, 2022

It is currently accepting sign-ups to a waitlist for its Alpha card, a credit card which the firm claims will offer 0% interest on all purchases, no hidden fees, cashback and rewards. Through a mobile app, Moonbeam plans on offering […]

August 11, 2022

Arab Palestinian Investment Company (APIC) Chairman and CEO Tarek Aggad announced that APIC achieved net profits from continuing operations of USD 20.4 million in the first half of 2022, versus USD 16.9 million for the same period of 2021, a […]

August 9, 2022

With another innovative RTP® Network solution, U.S. Bank can now provide loan funds to auto dealers instantly after the loan contract is finalized by the bank. Following a successful pilot completed in June, U.S. Bank has already enabled more than […]