March 4, 2021
Via: YahooMany 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
March 2, 2021
Via: TheStreetSquare (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
March 2, 2021
Via: Banking DiveFor 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
February 26, 2021
Via: FinTech FuturesThis 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 […]
February 26, 2021
Via: Insurance JournalLevels 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 […]
February 25, 2021
Via: CNBCRobinhood’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 […]
February 25, 2021
Via: Banking DiveWhen 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
February 23, 2021
Via: FinTech FuturesThe 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 […]
February 23, 2021
Via: Banking DiveWells 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
February 22, 2021
Via: CNBCJPMorgan 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 […]