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Category: Activity


Activity, Investment Banking

Robinhood’s valuation continues climb with $460m funding

September 25, 2020

Via: Banking Technology

The fresh capital puts Robinhood’s valuation at $11.7 billion, an increase of $700 million since last month. Commits for the latest $460 million came from existing investors. These include Andreessen Horowitz, Sequoia, Ribbit Capital, 9Yards Capital, and D1 Capital Partners. […]


Activity, Insurance

More Firms Turning to Insurance Captives in Tightening Market: Marsh

September 24, 2020

Via: Insurance Journal

More organizations are using captives for insurance protection and financial flexibility in response to today’s risk and insurance landscape. In its 2020 captive report, insurance broker Marsh says that that tightening global insurance market conditions throughout 2019 led to higher […]


Activity, Corporate Banking

JPMorgan traders complain that bank doesn’t inform all staff of coronavirus cases at headquarters

September 23, 2020

Via: CNBC

Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth floor of its Manhattan headquarters […]


Activity, Insurance

House Votes to Extend Flood Insurance Program 1 Year; Senate Yet to Vote

September 23, 2020

Via: Insurance Journal

The House of Representatives yesterday extended the National Flood Insurance Program until Sept. 30, 2021 as part of a measure to fund the federal government through December 11. The flood insurance program is currently set to expire in a week […]


Activity, Investment Banking

American Express Cut at Bank of America on Lower Travel Outlays

September 23, 2020

Via: TheStreet

American Express (AXP) – Get Report shares fell Wednesday after Bank of America Securities analyst Mihir Bhatia downgraded the credit card and travel services company to underperform from neutral and trimmed his share-price target to $95 from $106. “Bank of […]


Activity, Corporate Banking

Deutsche Bank preparing for a wave of European bank mergers, CFO says

September 22, 2020

Via: Market Watch

Deutsche Bank’s finance chief said on Tuesday that Germany’s biggest lender was working hard to prepare for a coming wave of mergers in the banking sector. “For Deutsche Bank DBK, +0.02%, we’ve been very focused on executing on our own […]


Activity, Investment Banking

JPMorgan and Deutsche Bank Named in Money Laundering Report

September 21, 2020

Via: TheStreet

Bank shares were reeling Monday morning following a report charging that JPMorgan Chase (JPM) – Get Report, Deutsche Bank (DB) – Get Report and other financial services companies had defied money laundering crackdowns even after being fined by U.S. authorities. […]


Activity, Insurance

New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims

September 18, 2020

Via: Insurance Journal

New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the charges by New York’s Department of Financial […]


Activity, Corporate Banking

Citigroup restarts job cuts after coronavirus pause

September 17, 2020

Via: Banking Technology

The bank, which became the first Wall Street institution to appoint a woman as its CEO last week, employs around 204,000 people. The bank expects its cuts to affect 26,000 people in 2020. Citi wasn’t alone in putting a pause […]


Activity, Investment Banking

Mastercard commits $500m to help close racial wealth gap

September 17, 2020

Via: Finextra

This commitment includes products, services, technology and financial support, as well as concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital. “This is a time for action. We have an […]