Top

Category: Activity


Activity, Investment Banking

Is U.S. Bancorp a Great Dividend Stock?

March 4, 2021

Via: Yahoo

Many banks offer attractive dividends that are great for investors who like to focus on passive income. Companies that issue dividends are essentially taking part of their earnings and distributing that portion directly back to shareholders. Typically, dividends are distributed […]


Activity, Capital and Risk, Investment Banking, Trading

Square Higher as Bank Begins Operations

March 2, 2021

Via: TheStreet

Square (SQ) – Get Report shares rose Tuesday as the company said that its industrial bank, Square Financial Services, has begun operations. The San Francisco company’s bank opening continues its diversification from strictly payment processing to broader financial services. Square […]


Activity, Investment Banking, Retail Banking

Citi marks a quiet transition as Fraser takes the reins

March 2, 2021

Via: Banking Dive

For all the anticipation of leadership change at Citi — the bank announced in September that Jane Fraser would become the first woman to lead a U.S.-based bank of its size, and hints of her ascent were predicted as early […]


Activity, Capital and Risk, Credit, Investment Banking

US credit builder Petal closes $125m debt facility

February 26, 2021

Via: FinTech Futures

This new facility includes $100 million from Silicon Valley Bank (SVB), and $26.6 million from Trinity Capital. It is Petal’s first asset-backed facility with SVB and Trinity Capital. The firm says it complements its existing $300 million facility with global […]


Activity, Insurance

Insurance Employment Impresses With Insurers Adding 20K Jobs During Pandemic

February 26, 2021

Via: Insurance Journal

Levels of employment for the insurance industry are “holding up much stronger than the overall economy,” the leader of an insurance search firm said recently, reporting that insurers have added almost 20,000 jobs since March 2020. The actual number, 19,700 […]


Activity, Trading

Robinhood is still on track for a hot IPO despite the GameStop controversy

February 25, 2021

Via: CNBC

Robinhood’s user growth, brand recognition and valuation appear to be stronger than ever as the online brokerage recovers from the GameStop trading chaos. Demand for Robinhood shares in private markets is surging as the start-up likely benefited from headlines and […]


Activity, Corporate Banking

JPMorgan finds balance between aiming for the stars, down-to-earth giving

February 25, 2021

Via: Banking Dive

When JPMorgan Chase’s blockchain unit, Onyx, wanted to test payments capabilities between digital devices, it thought big. Like, universe big. “The idea was to explore [Internet-of-Things] payments in a fully decentralized way,” Onyx CEO Umar Farooq told Reuters. “Nowhere is […]


Capital and Risk, Credit, Retail Banking

Alpha Bank finalises €10.8bn loan portfolio sale

February 23, 2021

Via: FinTech Futures

The Greek bank is also offloading 80% of its loan services provider Cepal Holdings. It is expecting to reduce Alpha’s non-performing exposure, and non-performing loans, to 24% and 13% respectively. Known as Galaxy, the portfolio sale is the second-largest securitisation […]


Activity, Corporate Banking

Wells Fargo sells its asset-management unit for $2.1B

February 23, 2021

Via: Banking Dive

Wells Fargo plans to sell its asset-management business to two private-equity firms — GTCR LLC and Reverence Capital Partners — for $2.1 billion, according to a statement Tuesday. The unit has $603 billion of assets under management and employs more […]


Activity, Investment Banking, Trading

JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares

February 22, 2021

Via: CNBC

JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned. The bank’s investment in Zanbato, a […]