Category: Activity

April 23, 2024

JTC describes FRTC-DE as “highly complementary” to its previous acquisitions of South Dakota Trust Company (SDTC) and New York Private Trust Company (NYPTC). The proposed deal, which is subject to customary closing conditions, will see FRTC-DE and its $9 billion […]

April 22, 2024

The bank, which has been lending to UK-based SMEs since 2020, reports that its revenues increased 141% in the 12 months up to 31 December, standing now at £191 million. Filing a 75% increase in customer deposits to £2.6 billion, […]

April 18, 2024

Founded in 2017, Mercury states customers of its new solution will have access to features such as customisable debit card limits, worldwide ATM fee reimbursements, no-fee domestic wires and ACH transfers, alongside no minimum balances. In addition, at the time […]

April 3, 2024

JPMorgan Chase launched a business Wednesday that will help marketers target customers based on their spending habits. Chase Media Solutions, billed as the only bank-led platform of its kind, connects Chase’s 80 million customers to retail deals tailored to their […]

March 28, 2024

Central Bank states that the move will enable it to deliver goal-oriented savings and wellness programmes to its digital users, offer real-time personalised financial advice and introduce an improved money management hub. Daniel Westhues, executive VP and CMO at Central […]

March 25, 2024

Founded in 2020, the start-up has three co-founders: Smeetha Ghosh (CEO), Brad Whittfield (CFO), and Gups Jutla (COO). Cashee describes itself as “a banking and financial education platform” and says it’s “empowering youth to create better money habits”. Once launched, […]

March 20, 2024

JPMorgan Chase has created a “sports investment banking coverage group” aiming to offer advisory and financing solutions for potential investors in athletic franchises, Reuters reported Tuesday, citing an internal memo. “Sports has become an increasingly large asset class, attracting more […]

March 18, 2024

This analysis begins with a look at some of those that did it first. Although a well-established retailer and grocer, it would take 78 years for British supermarket Tesco to tap the financial services market, a push led by the […]

March 18, 2024

UBS aims to expand its wealth management business in the U.S. through potential M&A activities within the next three to four years, Chair Colm Kelleher told the the Swiss NZZ newspaper Sunday, according to Reuters. Since its acquisition of Credit […]

March 4, 2024

The CIEF has been launched to provide funding to Community Development Finance Institutions (CDFIs). CDFIs are non-profit lenders including community development banks, credit unions, loan funds and venture capital funds which service underserved communities specifically with small business loans, real […]

March 4, 2024

Described as a “transformative step” for the firm by company CEO Romi Savova, PensionBee hopes its US operations will match or exceed the scale of its UK business within the next decade, adding that the US defined contribution pension market […]

February 29, 2024

The group – which is headquartered in Kansas City and includes CRB Securities and embedded finance solutions vendor Cross River Bank – says the new division will work to advise fintechs on “their most critical decisions, including mergers and acquisitions, […]

February 22, 2024

As the business world continues to evolve, so too does corporate banking. From digital transformations to innovative financial solutions, staying ahead of the game is essential for success in today’s competitive market. In this blog post, we’ll explore the top […]

February 19, 2024

On February 14, the Federal Reserve Bank of New York (NY Fed) published a blog post evaluating different households’ use of buy now pay later (BNPL) products, which it generally described as “loans that are payable in four or fewer […]

February 16, 2024

The partnership will see the bank adopt its partner’s embedded lending technology and credit intelligence network to induce a “second review” of a loan application should the applicant fail to meet its traditional lending requirements the first time around. A […]

February 12, 2024

Bill Holdings had been planning on increased work from Bank of America, but now that plan is up in the air, the CEO for the bill-pay fintech said last week. Bill, which provides bill pay and other accounting software services […]

February 5, 2024

The German investment bank says the cuts will mainly apply to “non-client-facing areas” as it looks to streamline its business in Germany and lower its annual total operating cost to €20 billion by 2025. Deutsche Bank currently employs around 90,000 […]

January 31, 2024

SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday. CEO and co-founder Ricardo Pero said the credit lines are targeting […]

January 30, 2024

Billed as a “merger of equals,” the deal will create a $4.6 billion-asset company with a presence in some of California’s strongest areas for mid-market business banking. “The expanded scale and capabilities we will have as a result of this […]

January 18, 2024

Are you intrigued by the world of mergers and acquisitions? Wondering about the crucial players behind these multimillion-dollar deals? Look no further, as we delve into the captivating role of corporate banking in financing such monumental transactions. Join us for […]