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Category: Corporate Banking


Activity, Corporate Banking

JP Morgan snaps up VC investment analytics software firm Aumni

March 23, 2023

Via: FinTech Futures

The acquisition, expected to close in H1 2023, will build out JP Morgan’s private markets platform for companies, employees and investors. The US multinational says the deal will complement its recent acquisition of Global Shares and the launch of its […]


Activity, Corporate Banking

BNP Paribas and Hokodo team up to launch new B2B BNPL offering

March 16, 2023

Via: FinTech Futures

The new offering, which can be integrated into existing checkouts via an API, will enable multinational corporates to provide payment alternatives such as BNPL to their business customers. Hokodo says that through its real-time credit decision process and “highly configurable” […]


Activity, Corporate Banking, Regulations

Bank of America misled PPP borrowers, lawsuit alleges

March 7, 2023

Via: Banking Dive

A class-action lawsuit filed against Bank of America last month claims the bank misrepresented the amount of pandemic aid small business owners were eligible for, leaving firms saddled with unforgivable debt. Three California-based small businesses — Happy Puppy LA, Brandamize […]


Activity, Corporate Banking

IDB BANK ANNOUNCES STRATEGIC EXPANSION OF SPONSOR & LEVERAGE FINANCE TEAM

February 15, 2023

Via: PR Newswire

IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team. As part of this expansion, IDB aims to further its presence within the leverage finance space, a key area […]


Activity, Corporate Banking

Crypto exchange Binance snaps up majority stake in South Korea’s Gopax

February 7, 2023

Via: FinTech Futures

The investment, the financial details of which are undisclosed, marks the company’s return to the South Korean market after its exit in 2021. Announcing the deal, Binance says that in November, Gopax “halted the withdrawal of principal and interest payments […]


Activity, Corporate Banking

Swiss private bank Bergos goes live with FNZ’s core banking tech

February 1, 2023

Via: FinTech Futures

FNZ acquired Swiss private banking technology firm New Access for an undisclosed sum last year, which provides a scalable and modular “core-to-digital” banking tech suite designed to meet the specific requirements of the private banking and wealth management industry. Bergos […]


Activity, Corporate Banking

Dubai Investments buys 9% stake in UK challenger Monument Bank

January 30, 2023

Via: FinTech Futures

Following the investment, Monument, which is regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), says it is looking to expand its product suite and services to cater to the mass-affluent both in the UK and globally. […]


Activity, Corporate Banking

US fintech DailyPay lands $260m funding to fuel growth

January 25, 2023

Via: FinTech Futures

The total funding is made up of a mix of revolving credit facility capacity and new term loan funding. The revolving credit facility has been provided by Barclays ($100 million) and Angelo Gordon ($60 million), and the $100 million in […]


Activity, Corporate Banking, Regulations

JP Morgan sues Frank founder for allegedly inflating user figures

January 12, 2023

Via: FinTech Futures

According to the lawsuit, filed in December last year in the US District Court in Delaware, Javice allegedly claimed Frank – a student loan application fintech – had more than 4.25 million student users but had used “synthetic data” techniques […]


Activity, Corporate Banking

How Banks Can Win the Small Business Customer Experience

December 16, 2022

Via: Bank Director

In the first stages of the pandemic, it became apparent that many banks were unable to effectively meet the needs of their small business customers in terms of convenience, response time, fast access to capital and overall customer experience. Innovative […]


Activity, Corporate Banking

Barclays to invest £500m in climate tech start-ups by 2027

December 15, 2022

Via: FinTech Futures

Barclays says it arrived at the decision following “substantial interest and demand”. The move will see the bank’s Sustainable Impact Capital investment mandate increase from £175 million by 2025 to £500 million by 2027. “The success of the investments to […]


Activity, Corporate Banking

Visa to invest $1bn in Africa to boost digital transformation

December 15, 2022

Via: FinTech Futures

The announcement was made by Visa chairman and CEO Alfred Kelly, Jr. at the US-Africa Business Forum, alongside the US-Africa Leaders Summit in Washington DC. Expanding its investment, Visa says, will enable “greater access” to digital payments, which will further […]


Activity, Corporate Banking

BGL Announces New Partnership Between Synergy Plastic Surgery and Pinnacle Dermatology

December 13, 2022

Via: PR Newswire

Brown Gibbons Lang & Company (BGL), a leading investment banking and financial advisory firm, is pleased to announce a new partnership between Synergy Plastic Surgery, a highly regarded plastic surgery practice based in Austin, Texas, and Pinnacle Dermatology. BGL’s Healthcare […]


Activity, Corporate Banking

Texas Regional Bank Expands Into Insurance With Acquisition of Mission Duncan

December 5, 2022

Via: Insurance Journal

Texas Regional Bank (TRB) announced the addition of insurance to its suite of financial services. TRB Insurance will offer a wide range of products and services, including home, auto, and life insurance, as well as commercial insurance. “At TRB, we […]


Activity, Corporate Banking

U.S. Bancorp Completes Acquisition of Union Bank

December 1, 2022

Via: Yahoo

U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG). The transaction brings together two premier organizations to serve customers and communities […]


Activity, Corporate Banking

Berkshire Hathaway Just Cut Its Stake in This Longtime Holding by More Than Half

November 16, 2022

Via: Yahoo

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 […]


Activity, Corporate Banking

Legacy Specialist Enstar Completes Loss Portfolio Transfer With Argo Group

November 14, 2022

Via: Insurance Journal

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. […]


Activity, Corporate Banking

TIAA to sell banking unit

November 4, 2022

Via: Banking Dive

“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 […]


Activity, Corporate Banking

Go international or shed foreign assets? HSBC, Taiwanese bank take opposing tacks

October 5, 2022

Via: Banking Dive

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 […]


Activity, Corporate Banking

APIC achieves USD 20.4 million in net profits from continuing operations in the first half of 2022, a growth of 20.8% year on year

August 11, 2022

Via: PR Newswire

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 […]