Category: Investment Banking

November 28, 2023

The £925 million refinancing plan, compiled by Morgan Stanley and Moelis, comprises a £325 million equity capital raise and £600 million in debt financing. It also raises the stake of the bank’s largest shareholder, Colombian billionaire Jaime Gilinski Bacal’s Spaldy […]

November 16, 2023

Silverflow, a cutting-edge payment processing technology company, has secured a €15 Million investment led by industry veterans and payments experts at Global Paytech Ventures. Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors also participated with a valuation […]

November 9, 2023

The round also saw existing investor Dubai Investments acquire an additional 7.68% equity stake in the challenger, increasing the group`s holding in the bank from an initial 9.25% to 16.93%, subject to regulatory approvals. While the latest funding has taken […]

November 2, 2023

The bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, took part in the private capital raise. The trio of investors previously enabled the bank to secure £105 million in funding last year across two capital raises. Atom says the […]

November 1, 2023

The Securities and Exchange Commission is investigating the cash sweep options Wells Fargo provides to investment advisory clients at account opening, the bank disclosed in a regulatory filing on Tuesday. Wells Fargo Advisors offers a sweep feature with three options […]

October 17, 2023

NMTCs typically come with favourable interest rates and non-traditional financial terms and conditions, helping to attract investment from private entities, banks and corporations. Investors then leverage the NMTCs to finance development projects in underserved and low-income communities, often in the […]

August 30, 2023

MoonPay Ventures aims to focus on early-stage companies looking to build Web3 experiences and drive “industry-wide value” through increased adoption of the technology. It has already made a number of investments in the space, including in companies such as BCB […]

August 24, 2023

Mateu Batle, the fintech’s CEO and co-founder, confirmed that the investment is to be applied to support its growth and expansion, which includes attracting more SMBs to the platform. This ambition will be further reinforced by the planned integration of […]

August 21, 2023

If an ICG split happens, it wouldn’t be the first time a major Wall Street bank has spread out responsibility from two or three pillars to five. Wells Fargo in 2020, split its wholesale bank into a commercial unit and […]

August 17, 2023

The fintech says the expansion and refinancing of its existing credit facility will “sustain its efforts in helping underserved clients” as it seeks to grow its current portfolio and presence in the US market. “This deal not only strengthens our […]

August 16, 2023

As a Minority Depository Institution (MDI) and a US Small Business Administration Preferred Lender, Tasi Bank, a division of the Bank of Guam, supports a consolidated offering of banking and fintech capabilities to serve the region’s financially excluded communities, with […]

August 8, 2023

At Light Tree, in addition to renovating existing apartments and building additional units, residents now have many new amenities to enjoy including community gardens, a basketball court, play structure and a pool. In 1966, Light Tree Apartments opened in the […]

August 1, 2023

Over the last few years, inflation, rising interest rates and high costs for just about everything have impacted nearly everyone – but for Gen Z, the economic environment has had a profound impact, a new U.S. Bank survey found. Members […]

July 31, 2023

The new facility, which has been provided by client funds managed by US investment banking company Neuberger Berman, will be used to originate additional credit card accounts and boost the growth of its existing cardmember relationships. Founded in 2017 and […]

July 27, 2023

Flagstar isn’t the only institution to win twice in this year’s banking crisis. Now JPMorgan Chase can join it in the two-win column. The nation’s largest bank has agreed to buy $1.8 billion of single-family residential loans from Banc of […]

July 18, 2023

Bank of America (BAC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. […]

July 13, 2023

U.S. Bancorp USB is scheduled to report second-quarter results on Jul 19, before the opening bell. The company’s quarterly earnings and revenues are likely to have improved year over year. Before we analyze the factors that are expected to have […]

June 20, 2023

The transaction is expected to close following a court approval hearing scheduled for 29 June. SVB Financial Group filed for Chapter 11 bankruptcy proceedings in the US back in March following the collapse of Silicon Valley Bank. As per the […]

May 16, 2023

Warren Buffett cut his exposure to two more banks last quarter while buying new stock in Capital One (COF). The billionaire’s investment conglomerate Berkshire Hathaway (BRK-A) (BRK-B) sold $1.4 billion of its remaining holdings in custody bank Bank of New […]

May 11, 2023

Other investors joining the funding round include Story Ventures, Core Innovation Capital, and RiverPark Ventures. The round also includes strategic investments from Synchrony and Samsung Next. Founded in 2016, Petal helps people build their credit scores by providing access to […]